
8 Irving St Danvers — Photo 1 of 42
$735,000
Investment Analysis — 8 Irving St
Danvers, MA 01923 — Tapleyville
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01923 carries an estimated $3,560/mo in gross rent — about a 3.48% cap rate and $25,596/yr in estimated NOI at the $735,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,662
Style
Single Family
Built
1953
Looking for your chance to own a home in sought-after Danvers? This charming and lovingly maintained 4 plus bedroom sits on a quiet cul-de-sac with a gorgeous, fenced-in backyard that offers privacy and ample space to unwind. Enter through the family room with custom built-in shelving, a fireplace for cozy winter nights, and exterior access to the yard. The eat-in kitchen connects to a formal dining room perfect for hosting and entertaining. The sun filled living room has potential to be a quiet retreat or an additional entertaining area. A convenient half bath and primary bedroom complete the main level. Upstairs you will find 4 bedrooms all with recently refinished hardwood floors along with a full bath and additional quarter bath with shower stall. Full basement provides plenty of storage and/or potential for refinishing. Oversized 2 car garage with overhead storage as well. The meticulously landscaped and maintained yard has irrigation, a patio area for a grill or fire pit, and tall hedgerow that creates a private refuge. Recent updates include: newer windows, water tank and boiler and 3 yr old roof. Close to library, shopping malls, parks, rail trail and convenient access to commuter routes. You do not want to miss this opportunity!
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: 831 sq ft (the lesser of 900 sq ft or half the 1,662 sq ft principal dwelling). Lot size: 9,278 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
Water Heater • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood
Dining Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Lighting - Overhead
Kitchen
Lvl Main,FirstFlooring - Hardwood, Dining Area, Lighting - Overhead
Family Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Exterior Access, Recessed Lighting, Closet - Double
Master Bedroom
Lvl FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bedroom 5
Lvl FirstBathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Bathroom 3
Lvl SecondBathroom - 1/4, Bathroom - With Shower Stall
Listing Agent: Sheri & Erica Team
Listing Office: J. Barrett & Company
MLS® Number: 73572812
