8 Winthrop St Danvers — Photo 1 of 42
$985,000
Investment Analysis — 8 Winthrop St
Danvers, MA 01923
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 2.30% cap rate and $22,656/yr in estimated NOI at the $985,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,923
Style
Single Family
Built
1882
This distinguished single-family residence originally constructed in 1882 by Sea Captain John Hill. This home presents a unique opportunity for refined living. Spanning 2923 square feet, this property offers a substantial footprint for both private enjoyment and gracious entertaining, embodying a timeless appeal with hardwood floors througout. The residence features four well-proportioned bedrooms, providing ample private accommodations. Complementing these are two full bathrooms and one half bathroom, thoughtfully appointed to serve both residents and guests with convenience and comfort. Further enhancing the property's functionality is a dedicated garage space, offering secure parking and additional storage solutions. The generous lot size of 14527 square feet provides an expansive outdoor environment, amenable to various landscaping and recreational pursuits. Finshed basement and many extras. We invite you to discover the potential of this exceptional Danvers property.
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 2,923 sq ft principal dwelling). Lot size: 14,527 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Cooktop
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl FirstBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Chad Smith
Listing Office: Mariano Smith & Co.
MLS® Number: 73579037
