Investment Analysis — 27 Pickering 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 3.08% cap rate and $22,335/yr in estimated NOI at the $725,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,856

Style

Single Family

Built

1960

Turn-key and full of charm, this shingle-style Cape offers 3 bedrooms, 1.5 bathrooms and exceptional indoor-outdoor living in a convenient Danvers location. The open-concept kitchen and dining area features stainless steel appliances, hardwood floors and a fireplace, flowing into a spacious living room and additional den, ideal for a home office. The main-level king-sized primary bedroom impresses with vaulted ceilings and generous closet space, while upstairs offers two well-proportioned bedrooms and a convenient half bath. Outside, the fully fenced backyard is a true retreat with abundant green space, mature landscaping, an above-ground pool, hot tub and covered cabana creating an incredible setting for entertaining or relaxing. A paved driveway, central heat, ductless mini-splits and a full unfinished basement offering excellent storage and future potential complete this move-in-ready home, minutes from downtown Danvers, shopping, dining and major routes.

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 1,856 sq ft principal dwelling). Lot size: 7,362 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.