Active
15 Days on market
42 Chase Street Danvers — Photo 1 of 37

42 Chase Street Danvers — Photo 1 of 37

$729,000

Investment Analysis — 42 Chase Street

Danvers, MA 01923

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 3.21% cap rate and $23,404/yr in estimated NOI at the $729,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,924

Style

Single Family

Built

1920

Welcome to 42 Chase St, a beautifully updated 3-bedroom, 3-bath Colonial home offering a wonderful blend of character, modern improvements, and inviting indoor-outdoor living. Step inside to sun-filled rooms, hardwood floors, classic architectural details, and a comfortable layout designed for everyday living and entertaining. The newly renovated kitchen blends style and function with new cabinetry, updated appliances, modern finishes, and an open connection to the dining area, making it equally suited for everyday meals and entertaining and the newly added first-floor half bath adds extra convenience. Upstairs, you’ll find three well-proportioned bedrooms and an impressive renovated bath featuring a double vanity, freestanding soaking tub, separate glass-enclosed shower, and stylish finishes. The finished walkout lower level adds valuable flexible space for a recreation room, home office, gym, or additional lounge area. Outside, enjoy your own backyard oasis complete with an in-ground pool, new fencing, refreshed landscaping, newly paved steps and retaining wall, and plenty of space to relax, entertain, and enjoy the warmer months. An enclosed porch provides another versatile space to unwind. Mini-split systems, abundant natural light, and thoughtful updates throughout make this home a standout opportunity in Danvers. Conveniently located near local amenities, schools, parks, shopping, and major routes. Come see everything this special home 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 1,924 sq ft principal dwelling). Lot size: 5,009 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

Original Price$729,000
Annual Taxes$6,054

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms8
FireplacesNone
FlooringTile, Vinyl, Hardwood
BasementFinished, Walk-Out Access

Climate & Utilities

HeatingNatural Gas
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.11
SqFt Lot5,009
Lot FeaturesCorner Lot

Amenities & Appliances

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

Neighborhood

Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3
First
Living RoomDining RoomKitchen
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Listing Provided By

Listing Agent: Ivanna Lamm

Listing Office: Compass

MLS® Number: 73569411