64 Locust St Danvers — Photo 1 of 38
$669,000
Investment Analysis — 64 Locust St
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 3.52% cap rate and $23,556/yr in estimated NOI at the $669,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,650
Style
Single Family
Built
1920
This welcoming 1920 Colonial has been the heart of a family for more than five decades. It is a place where everyday moments, celebrations, and traditions found their home. Set in location close to town center, schools, the Rail Trail, and major routes, it offers both convenience and a sense of community. The first floor opens through a cozy mudroom into an inviting den and an eat-in kitchen with classic oak cabinetry, the kind of space that has hosted countless meals and conversations. A sunroom just off the den leads to a private rear patio and an oversized shed, perfect for gardening tools, hobbies, or weekend projects. This level also includes a comfortable living room, an office, a formal dining room ready for gatherings, and a half bath with laundry hookups. Upstairs are three generously sized bedrooms, each with ample closet space, and a large full bath. Hardwood floors, newer windows and vinyl siding add practicality and peace of mind. The quarter-acre lot offers both open yard and lightly wooded areas ideal for play, pets, or quiet afternoons outdoors. A home with history, warmth, and room to grow.
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: 825 sq ft (the lesser of 900 sq ft or half the 1,650 sq ft principal dwelling). Lot size: 10,890 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Walk/Jog Trails • Bike Path • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 17
Flooring - Hardwood, Flooring - Wall to Wall Carpet
Dining Room
Lvl First10 x 16
Flooring - Hardwood
Kitchen
Lvl Main,First12 x 13
Ceiling Fan(s), Flooring - Vinyl
Office
Lvl First8 x 7
Flooring - Wall to Wall Carpet
Master Bedroom
Lvl Second12 x 13
Flooring - Hardwood
Bedroom 2
Lvl Second12 x 13
Bedroom 3
Lvl Second14 x 8
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Main,FirstBathroom - Half, Dryer Hookup - Gas, Washer Hookup
Bathroom 2
Lvl SecondBathroom - Full
Listing Agent: Kelly Anne Martinson
Listing Office: Churchill Properties
MLS® Number: 73569123
