
21 Burroughs St Danvers — Photo 1 of 27
Recent Drop: $46,000
$629,000
Investment Analysis — 21 Burroughs St
Danvers, MA 01923 — The Island
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 3.82% cap rate and $24,008/yr in estimated NOI at the $629,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,078
Style
Single Family
Built
1915
Don't overlook this rare opportunity to live on "The Island," a hidden gem tucked away on a friendly cul-de-sac surrounded by woods, Mill Pond, and a peaceful stream. Minutes from Endicott Park, Danvers Rail Trail, library, Tapley Park, Danvers Square, and many shops and restaurants. The first floor of this home features a spacious country kitchen that opens to the dining area, creating an inviting space for everyday living and entertaining. The living room offers a comfortable gathering place, while a first-floor bedroom with an ensuite bath provides flexible one-level living. Currently, the laundry is conveniently located in this bedroom but can readily be relocated to the basement to restore closet space. Upstairs are two generously sized bedrooms and a full bath. The finished lower level adds even more versatility with a game room and a separate home office—ideal for work, hobbies, or additional living space. Step outside to a fenced backyard featuring an in-ground pool, perfect for relaxing, entertaining, and making the most of summer. With a little TLC, this home will truly shine!
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 2,078 sq ft principal dwelling). Lot size: 4,182 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Lighting - Overhead
Dining Room
Lvl FirstFlooring - Hardwood, Lighting - Overhead
Kitchen
Lvl FirstCoffered Ceiling(s), Flooring - Stone/Ceramic Tile, Balcony / Deck, Exterior Access, Slider, Gas Stove, Lighting - Overhead
Office
Lvl BasementFlooring - Stone/Ceramic Tile, Recessed Lighting
Master Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl FirstBathroom - 3/4, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl FirstBathroom - 3/4, Bathroom - With Shower Stall, Lighting - Sconce
Bathroom 2
Lvl SecondBathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Property History
$629,000
Was $655,000
Sep 10, 2026
MLS® 73559549
$655,000
Was $675,000
Aug 20, 2026
MLS® 73559549
$675,000
Aug 5, 2026
MLS® 73559549
Listing Agent: Emily Gaffney
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73559549
