
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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second14 x 13
Closet/Cabinets - Custom Built, Flooring - Wood
Kitchen
Lvl Second15 x 14
Flooring - Wood, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Office
Lvl Third18 x 9
Skylight, Flooring - Wood
Master Bedroom
Lvl Second15 x 14
Flooring - Wood, Closet - Double
Bedroom 2
Lvl Second12 x 10
Bathroom 1
Lvl Second8 x 5
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl Third4 x 4
Bathroom - Half, Flooring - Wood, Pedestal Sink
Listing Agent: The Mary Scimemi Team
Listing Office: Leading Edge Real Estate
MLS® Number: 73574001