7 Puritan Rd Danvers — Photo 1 of 32
$680,000
Investment Analysis — 7 Puritan Rd
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 3.50% cap rate and $23,786/yr in estimated NOI at the $680,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,108
Style
Single Family
Built
1957
Welcome to 7 Puritan Rd, a well-maintained 3-bedroom ranch offering comfortable single-level living in a convenient Danvers location. The home features bright living spaces, a functional floor plan, a full bath, and an attached one-car garage. A fully fenced backyard offers space for entertaining, gardening, play, or relaxing outdoors. Recent updates include a new roof in 2025 and mini-splits installed in 2022. The full unfinished basement provides additional storage and future expansion potential. Conveniently located near schools, shopping, dining, parks, the rail trail, and major commuter routes. A move-in-ready Danvers home with valuable updates already completed.
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: 554 sq ft (the lesser of 900 sq ft or half the 1,108 sq ft principal dwelling). Lot size: 4,495 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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Other
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, Exterior Access, Recessed Lighting
Dining Room
Lvl FirstFlooring - Wood, Recessed Lighting
Kitchen
Lvl FirstFlooring - Wood, Recessed Lighting, Stainless Steel Appliances, Peninsula
Office
Lvl FirstCloset, Flooring - Vinyl, Recessed Lighting, Slider
Master Bedroom
Lvl FirstCloset, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 2
Lvl FirstListing Agent: Margi Shah
Listing Office: Redfin Corp.
MLS® Number: 73569255
