257 Centre Street Danvers — Photo 1 of 40
Recent Drop: $24,900
$775,000
Investment Analysis — 257 Centre Street
Danvers, MA 01923
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01923 carries an estimated $3,560/mo in gross rent — about a 3.22% cap rate and $24,963/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,216
Style
Single Family
Built
1890
Charming colonial home sited on a beautiful lot with endless perennials, trees, gardens and pathways providing lots of privacy! From the entryway you will find the formal dining room with hardwood floors and first floor bedroom. Step down to the spacious family room with wood stove, ceiling fan, hardwood floors and large bow window overlooking the expansive yard. The slider offers exterior access to the deck and yard. You will love prepping meals in the kitchen with center island with gas cooktop, granite counters, stainless steel appliances, pendant lighting, wall of cabinetry and slate flooring. Cozy sitting area off the kitchen is the perfect space to relax with access to deck. Just off the kitchen is the updated laundry room with 3/4 bath. The second floor offers a primary bedroom with window seat, two additional bedrooms with hardwood flooring and an updated full bath. Expansive driveway, garage and shed. 3 mini splits for heat and AC, propane gas for cooktop.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,216 sq ft principal dwelling). Lot size: 21,601 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Medical Facility • Highway Access • Private School
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl First13.7 x 14.6
Flooring - Hardwood, Crown Molding
Kitchen
Lvl First13.2 x 14.11
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Stainless Steel Appliances
Family Room
Lvl First24.5 x 19.3
Ceiling Fan(s), Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider, Crown Molding
Master Bedroom
Lvl Second17.11 x 19.3
Ceiling Fan(s), Flooring - Wall to Wall Carpet, Closet - Double, Window Seat
Bedroom 2
Lvl Second13.5 x 14.6
Bedroom 3
Lvl Second11.8 x 14.4
Skylight, Closet, Flooring - Hardwood
Bedroom 4
Lvl First11.8 x 14.6
Flooring - Hardwood
Bathroom 1
Lvl First8.5 x 4.9
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second9.11 x 6.6
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Beadboard
Property History
$775,000
Was $799,900
Sep 8, 2026
MLS® 73566291
$799,900
Aug 20, 2026
MLS® 73566291
Listing Agent: Pam Spiros
Listing Office: Coldwell Banker Realty - Beverly
MLS® Number: 73566291
