5 Barbara Road Danvers — Photo 1 of 38
$999,000
Investment Analysis — 5 Barbara Road
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 2.11% cap rate and $21,084/yr in estimated NOI at the $999,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,040
Style
Single Family
Built
1955
Welcome to 5 Barbara Road, a beautifully updated home tucked into a desirable Danvers neighborhood! The bright, open-concept main level offers an easy flow for everyday living and entertaining. The kitchen features stainless steel appliances, ample cabinetry, and a functional layout for cooking and gathering. The spacious living room features a gas fireplace, creating a warm and inviting place to relax and unwind. The dining room provides direct access to the backyard, creating a seamless transition to the outdoor entertaining space. The home features 3 bedrooms, 3 full baths, plus a good-sized bonus room on the main level, perfect for a home office, playroom, guest space, or den. The finished lower level features two distinct living areas, ideal for a family room, home gym, office, or recreation area, plus a full bath and separate laundry room. Outside, enjoy a fully fenced backyard with a gazebo and outdoor TV setup. An attached garage and expanded driveway add everyday convenience. Ideally located near shopping, dining, and major commuter routes, this move-in-ready home offers space, flexibility, and convenience.
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 2,040 sq ft principal dwelling). Lot size: 9,583 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.
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Listing Agent: Meredith Kiep
Listing Office: Berkshire Hathaway HomeServices Warren Residential
MLS® Number: 73578191