Active

165 Days on market

90 Water St Danvers — Photo 1 of 42

Recent Drop: $50,000

$799,000

$749,000

Investment Analysis — 90 Water St

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 2.86% cap rate and $21,414/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,872

Style

Single Family

Built

1801

Waterfront! Set on a spectacular 2+ acre lot directly on the Crane river, this exceptional property boasts the largest lot on the ocean side of Water Street! Offering 234 feet of direct frontage along the scenic Crane River. Enjoy private access to the water with your own boat dock and float—perfect for boating, kayaking, or simply taking in the serene views. The parcel features an antique Colonial home with 3 bedrooms and 2 baths, full of character and potential. Ample space allows for the addition of an accessory dwelling unit (ADU), presenting a unique opportunity for expansion or investment. Additional highlights include convenient turnaround parking and expansive outdoor space. Whether you're looking to restore, expand, or build your dream waterfront estate, this property offers unmatched potential! Fantastic Location, Close to shopping malls, center of Danvers, routes 128 and 95 and just 10 minutes away from the Beverly MBTA station.

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 1,872 sq ft principal dwelling). Lot size: 88,409 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.