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6 Days on market

6 Bruce Road Danvers — Photo 1 of 41

$1,300,000

Investment Analysis — 6 Bruce Road

Danvers, MA 01923

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01923 carries an estimated $3,560/mo in gross rent — about a 1.85% cap rate and $24,107/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,041

Style

Single Family

Built

1965

Located on one of the largest (4 ACRES), most private, and beautiful sites in Danvers, this well-cared for Ranch-style home sits at the end of long driveway off a quiet cul-de-sac! With a combination of lovely gardens and peaceful woods, this is a great home for gatherings, including heated in-ground pool, hot tub, 2 decks, screen house, playset and plenty of yard space. Enter the foyer through a leaded glass front door, which leads to the living and dining room with fireplace and two sets of sliders overlooking the beautiful backyard. Nice eat-in kitchen with cathedral ceiling and skylights allowing lots of natural light, attached to a deck leading down to driveway. Primary bedroom with cathedral ceilings, skylights and slider leading to rear deck, hot tub and backyard. Full bath and laundry conveniently located next to the primary bedroom. A second bedroom has its own full bath with tiled shower, plus three additional bedrooms all with hardwood floors. Third full bath with tub and shower. Walk-up attic is ideal for storage. Full basement offers a large family/game room plus a spacious walk-in cedar closet. Two car garage, security system, central air, invisible pet fence, newer roof (2023), solar powered skylights, recently painted exterior (2024), new washer/dryer (2025), hot tub/deck (2025), and fenced pool area. So much to offer, all located in the highly desirable St. John's Prep area.

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 3,041 sq ft principal dwelling). Lot size: 177,289 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.