$97,500
●
Commercial -
Off Market
491 Maple Street #203
Danvers, MA 01923
Studio
0 Bath
825 Ft²
$223,356
RealtyHop Estimate
90.09%
Since Oct 1, 2013
MA-Boston
Primary Model
About This Property
New to Market!! Charming Second Floor Office Condo with Large
Windows and Lots of Light! Reception Area, 2-3 Offices or
Conference Room. Private Restroom. Professionally Managed
Property ideally located on Route 62 with easy access to Routes 95,
128 and 114. Elevator Building.
Unit Size
825 Ft²
Days on Market
-
Land Size
-
Price per sqft
$142
Property Type
Commercial
Property Taxes
$175
HOA Dues
-
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Income Per Year
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (MLSPIN #71501295)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 12, 2024 | Sold | ||
| Sold | |||
| Apr 3, 2024 | In contract | - | |
| In contract | |||
| Feb 16, 2024 | Listed by Herrick Lutts Realty Partners | $129,900 | |
| Listed by Herrick Lutts Realty Partners | |||
| | |||
|
Discover the perfect blend of sophistication and convenience with our second-floor office condo in Danvers, MA. Accessible by elevator, this unit features three private offices, a welcoming receptionist area, and its own private bathroom, offering a professional and comfortable environment for both your team and clients. Its prime location just minutes from major highways, including Route 95, 128, and Route 62, ensures easy access and excellent visibility. Ideal for a variety of businesses, this condo provides an opportunity to elevate your professional presence in a vibrant community known for its quality of life and thriving business scene. With everything you need within reach, it’s an exceptional space to grow your business.
| |||
| Sep 29, 2013 | Sold | ||
| Sold | |||
| Apr 1, 2013 | Listed by J. Barrett & Company | $117,500 | |
| Listed by J. Barrett & Company | |||
| | |||
|
New to Market!! Charming Second Floor Office Condo with Large Windows and Lots of Light! Reception Area, 2-3 Offices or Conference Room. Private Restroom. Professionally Managed Property ideally located on Route 62 with easy access to Routes 95, 128 and 114. Elevator Building.
| |||
Property Highlights
Exterior Details
Square Footage: 825
Building Area Total: 825
Building Area Units: Square Feet
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $2,096
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/18/2025
|
Loft
|
-
|
1725 ft²
|
$295,000
Loft
-
1725 ft²
|
-
-
|
Brian Reardon
Five Mark Realty Group LLC
| |
|
09/06/2024
|
Loft
|
-
|
-
|
$130,000
Loft
-
|
$92,000
-29.23%
10/31/2024
|
Heather Klosowski
Heather Klosowski Real Estate
| |
|
02/16/2024
|
Loft
|
1 Bath
|
825 ft²
|
$129,900
Loft
1 Bath
825 ft²
|
$140,000
+7.78%
04/12/2024
|
Leighann Eruzione
Lantern Residential
| |
|
08/08/2022
|
Loft
|
2 Bath
|
-
|
$140,000
Loft
2 Bath
|
-
-
|
The Cronin Team
RE/MAX On The River, Inc.
| |
|
08/08/2022
|
Loft
|
2 Bath
|
-
|
$130,000
Loft
2 Bath
|
-
-
|
The Cronin Team
RE/MAX On The River, Inc.
| |
|
08/08/2022
|
Loft
|
-
|
1729 ft²
|
$270,000
Loft
-
1729 ft²
|
$265,000
-1.85%
10/07/2022
|
The Rental Team
Hayden Rowe Properties
| |
|
04/14/2022
|
Loft
|
-
|
747 ft²
|
$125,000
Loft
-
747 ft²
|
$113,500
-9.20%
06/06/2022
|
The Rental Team
Hayden Rowe Properties
| |
|
10/30/2017
|
Loft
|
1 Bath
|
1526 ft²
|
$139,900
Loft
1 Bath
1526 ft²
|
$110,000
-21.37%
08/23/2018
|
Anne Casale-Skinner
Casale-Skinner Realty
| |
|
09/04/2015
|
Loft
|
-
|
747 ft²
|
$59,000
Loft
-
747 ft²
|
$57,000
-3.39%
11/23/2015
|
Crowell & Frost Realty Group
Realpro Associates
| |
|
04/01/2013
|
Loft
|
-
|
825 ft²
|
$117,500
Loft
-
825 ft²
|
$97,500
-17.02%
09/29/2013
|
Cynthia Carney
Carney & Company
| |
|
09/19/2011
|
Loft
|
-
|
1043 ft²
|
$115,000
Loft
-
1043 ft²
|
$108,000
-6.09%
09/29/2011
|
Becky Kilborn
Kilborn Property Consultants
| |
|
03/03/2010
|
Loft
|
-
|
747 ft²
|
$74,999
Loft
-
747 ft²
|
-
-
|
Brian DApice
The Mega Group
| |
|
09/03/2010
|
Loft
|
-
|
1043 ft²
|
$115,000
Loft
-
1043 ft²
|
-
-
|
Becky Kilborn
Kilborn Property Consultants
| |
|
05/13/2010
|
Loft
|
-
|
2000 ft²
|
$175,000
Loft
-
2000 ft²
|
$140,000
-20.00%
12/16/2010
|
Becky Kilborn
Kilborn Property Consultants
| |
|
05/12/2008
|
Loft
|
1 Bath
|
747 ft²
|
$78,000
Loft
1 Bath
747 ft²
|
$73,000
-6.41%
11/07/2008
|
John Farrell
Coldwell Banker Realty - Gloucester
| |
|
04/29/2005
| |
Loft
|
2 Bath
|
1735 ft²
|
$199,500
Loft
2 Bath
1735 ft²
|
$199,000
-0.25%
08/17/2005
|
James F. Mears, Jr.
James F. Mears, Jr. Realty
|
|
04/26/2004
| |
Loft
|
2 Bath
|
-
|
$119,500
Loft
2 Bath
|
$115,000
-3.77%
08/11/2004
|
Ralph Leonard
Ralph Leonard Associates
|
|
05/03/2002
| |
Loft
|
-
|
1515 ft²
|
$147,000
Loft
-
1515 ft²
|
$132,500
-9.86%
08/01/2003
|
James Zafris
Ralph Leonard Associates
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017