
43 Ledgewood Dr Danvers — Photo 1 of 40
$775,000
Investment Analysis — 43 Ledgewood Dr
Danvers, MA 01923 — St. John's Prep
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 2.82% cap rate and $21,819/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,284
Style
Single Family
Built
1976
Welcome to 43 Ledgewood Drive, a special opportunity in one of Danvers’ most desirable neighborhoods, ideally situated near St. John’s Preparatory School and the newly built Ivan G. Smith Elementary School. Set high above the street, this multi-level home enjoys a serene setting with a wonderful sense of privacy and elevation.Proudly owned by the same family since 1976, this well-loved home offers a unique combination of location, setting and opportunity. The elevated position creates a peaceful backdrop and a distinctive feel from the moment you arrive. Multiple levels provide flexibility for comfortable everyday living, entertaining and future personalization.Enjoy the outdoors from the inviting screened-in porch and rear patio—perfect spaces for morning coffee, summer evenings or entertaining friends and family. The property’s elevated setting adds to the sense of tranquility while remaining conveniently close to schools, shopping, restaurants and major commuting routes.Families will appreciate the proximity to the $52 million Ivan G. Smith Elementary School, an approximately 82,000-square-foot K–5 facility completed in 2021 and designed for 465 students. (Danvers Official Website?)A rare opportunity to own a home that has been cherished by one family for nearly five decades, in a highly sought-after Danvers location. 43 Ledgewood Drive offers the space, setting and location to create something truly special for the next generation...AS IS SALE
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 2,284 sq ft principal dwelling). Lot size: 15,577 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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Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Private School • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,SecondWindow(s) - Bay/Bow/Box, Window(s) - Picture, Exterior Access
Dining Room
Lvl Main,SecondWindow(s) - Bay/Bow/Box
Kitchen
Lvl SecondFamily Room
Lvl SecondWindow(s) - Bay/Bow/Box
Master Bedroom
Lvl Main,SecondBathroom - Full, Closet, Window(s) - Bay/Bow/Box
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Window(s) - Bay/Bow/Box
Bedroom 4
Lvl FirstBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Steven Graczyk
Listing Office: J. Barrett & Company
MLS® Number: 73567605