9 Colby Road Danvers — Photo 1 of 20
$604,000
Investment Analysis — 9 Colby Road
Danvers, MA 01923 — Woodvale
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 3.81% cap rate and $23,041/yr in estimated NOI at the $604,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,356
Style
Single Family
Built
1960
First time on the market in 65 years. Beautiful tree lined 25,648 square foot level yard with shed, featuring 1,356 square feet of one level living space with living room, kitchen, family room, 3 bedrooms, 1 bath and laundry room. What a great opportunity for first time buyers and down sizers to bring your personal touch and make this your home. Enjoy all that the town of Danvers and the North Shore has to offer. Convenient to Rte.1, Rte. 95 and 128, Maine, NH and Boston.
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: 678 sq ft (the lesser of 900 sq ft or half the 1,356 sq ft principal dwelling). Lot size: 25,648 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 MLS and other third-party data may be inaccurate or out of date.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 • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11.7 x 17
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl First12 x 12
Flooring - Vinyl, Dining Area, Countertops - Paper Based
Family Room
Lvl First12 x 23
Closet, Flooring - Vinyl, Window(s) - Bay/Bow/Box, Attic Access, Cable Hookup, Exterior Access, Lighting - Overhead
Master Bedroom
Lvl First15.7 x 10.6
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Cable Hookup
Bedroom 2
Lvl First11.5 x 9.5
Bedroom 3
Lvl First9 x 8.5
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, High Speed Internet Hookup, Lighting - Overhead
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box
Listing Agent: Marianne Cataldo
Listing Office: Keller Williams Realty Evolution
MLS® Number: 73573567
