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3 Days on market
11 Cherry St #3 Danvers — Photo 1 of 26

11 Cherry St #3 Danvers — Photo 1 of 26

$539,000

Investment Analysis — 11 Cherry St #3

Danvers, MA 01923

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01923 carries an estimated $2,690/mo in gross rent — about a 2.79% cap rate and $15,020/yr in estimated NOI at the $539,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1.5

SqFt

1,563

Style

Condominium

Built

1900

Tucked along a tree-lined side street just outside Danvers Square, 11 Cherry Street offers the kind of location that makes it easy to enjoy all that Danvers has to offer. Start the morning with a walk or bike ride along the Rail Trail, just one block away, grab your coffee at Rebel Coffee, stop by The Modern Butcher, or head into the Square for local shops, restaurants and everyday conveniences. Multiple EV charging stations are also just one block away, adding another layer of convenience to this connected location. Back at home, the setting feels warm and welcoming. Wood floors and a fireplace framed by built-in bookshelves bring character to the living room, while the eat-in kitchen features granite countertops, stainless steel appliances and freshly painted cabinetry. Two bedrooms and in-unit laundry are conveniently located on the main level. Upstairs, two additional rooms with skylights offer valuable flexibility—ideal for a home office, exercise room, guest space, hobby room or simply extra room to spread out. Basement storage and two deeded parking spaces round out the home’s practical features. With neighborhood favorites, recreation and the heart of Danvers all close by, this is a home that brings together warmth, character and everyday convenience.

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

Original Price$539,000
Annual Taxes$5,420
HOA Fee$341.04

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Tile
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningC1

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

Third
OfficeBathroom 2
Second
Living RoomKitchenMaster BedroomBedroom 2Bathroom 1
Living Room
Lvl Second

14 x 13

Closet/Cabinets - Custom Built, Flooring - Wood

Kitchen
Lvl Second

15 x 14

Flooring - Wood, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances

Office
Lvl Third

18 x 9

Skylight, Flooring - Wood

Master Bedroom
Lvl Second

15 x 14

Flooring - Wood, Closet - Double

Bedroom 2
Lvl Second

12 x 10

Bathroom 1
Lvl Second

8 x 5

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Third

4 x 4

Bathroom - Half, Flooring - Wood, Pedestal Sink

Listing Provided By

Listing Agent: The Mary Scimemi Team

Listing Office: Leading Edge Real Estate

MLS® Number: 73574001