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6 Days on market

15 Perry St. Danvers — Photo 1 of 42

$849,900

Investment Analysis — 15 Perry St.

Danvers, MA 01923

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01923 carries an estimated $3,560/mo in gross rent — about a 2.82% cap rate and $24,000/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

3,019

Style

Single Family

Built

1915

Step into the timeless charm of this grand Victorian home, offering over 3,000+ square feet of living space and an abundance of original character. Elegant details include pocket doors, rounded walls, ceiling medallions, bullseye molding, hardwood floors throughout, and a classic butler’s pantry. The spacious kitchen is designed for the chef of the home, featuring granite countertops, center island, and gas cooking. The large 1st floor plan allows for a dine in kitchen plus a formal dining room, a family room, plus a formal living room & ½ Bath. The 2nd floor boasts 4 bedrooms & 2 full baths. The 3rd floor flex space can be either an expansive 5th bedroom or a bonus room. Four fireplaces add warmth and character, one is gas fired, one is wood-burning, and two are electric. Outside, the fully fenced backyard offers plenty of room to relax & entertain. The composite deck, porch, patio, and above-ground pool create multiple spaces to enjoy the great outdoors. The finished attic and full unfinished basement provide excellent flexibility for storage, hobbies, or future use. Most windows were replaced in 2022. A detached two-car garage with a storage loft optimizes the use of space. Set in a quiet Danvers neighborhood, yet just minutes to the highway with access to all the amenities of the North Shore Mall, Liberty Tree, Danvers Center and everything the North Shore has to offer.

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 3,019 sq ft principal dwelling). Lot size: 7,536 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.