
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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & 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
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondListing Agent: Ivanna Lamm
Listing Office: Compass
MLS® Number: 73569411
