Active Under Contract
11 Days on market
33 Putnam St Danvers — Photo 1 of 38

33 Putnam St Danvers — Photo 1 of 38

$759,900

Investment Analysis — 33 Putnam St

Danvers, MA 01923 — Danvers Center

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01923 carries an estimated $3,230/mo in gross rent — about a 2.97% cap rate and $22,591/yr in estimated NOI at the $759,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

2,203

Style

Single Family

Built

1895

Welcome to this charming 3-bedroom, 2-full-bath home tucked away at the end of a quiet dead-end street, just moments from downtown Danvers and abutting the Danvers Rail Trail. The first floor offers a wonderful flow with multiple living options, including a cozy sitting room with exposed brick that would also make an ideal home office. The spacious kitchen features a large center island, ample cabinetry, and a dedicated dining area with raised ceilings and multiple skylights that fill the space with abundant natural light. Two fireplaces add warmth and character, while hardwood floors run throughout the home.Upstairs, the generously sized primary bedroom features vaulted ceilings, creating an impressive sense of space, along with two additional bedrooms and a full bathroom. Three newer mini-splits provide efficient cooling throughout the home. Outside, enjoy a great backyard complete with a hot tub—perfect for relaxing or entertaining. With its desirable downtown location, easy access to the Rail Trail, walkability, quiet setting, and flexible living spaces, this home offers a fantastic opportunity to enjoy all that Danvers has to offer.

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 2,203 sq ft principal dwelling). Lot size: 7,362 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.

Property Details

Financials

Original Price$759,900
Annual Taxes$6,867.12

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms7
Fireplaces2
FlooringWood, Tile, Flooring - Hardwood
BasementFull, Crawl Space, Interior Entry, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas, Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningR1

Property & Lot

Acres0.17
SqFt Lot7,362
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Bike Path • House of Worship • Private School

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomFamily RoomBathroom 1
Main,First
Kitchen
Living Room
Lvl First

17.083333333 x 14.166666666

Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors

Dining Room
Lvl First

9.083333333 x 15.75

Skylight, Vaulted Ceiling(s), Flooring - Hardwood, French Doors, Chair Rail, Open Floorplan, Lighting - Overhead, Beadboard

Kitchen
Lvl Main,First

13.083333333 x 17.833333333

Flooring - Hardwood, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Open Floorplan, Gas Stove, Lighting - Overhead

Family Room
Lvl First

22.166666666 x 13.916666666

Ceiling Fan(s), French Doors, Exterior Access, Open Floorplan, Recessed Lighting, Lighting - Overhead

Master Bedroom
Lvl Second

10.5 x 17.666666666

Bedroom 2
Lvl Second

7.583333333 x 12.75

Bedroom 3
Lvl Second

9.166666666 x 16.666666666

Bathroom 1
Lvl First

4.416666666 x 8

Bathroom 2
Lvl Second

9.166666666 x 8.75

Listing Provided By

Listing Agent: Gifford Group

Listing Office: Churchill Properties

MLS® Number: 73570785