15 Cherry Street # 24, Danvers MA 01923
Danvers, MA 01923 • Danvers Center
$1,525,000
$1,325,000
Est. $8,477/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
About this home
PRICE ADJUSTMENT! Downtown Danvers Mixed-Use Investment - A rare chance to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building includes four units: two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial spaces provide excellent visibility and flexible layouts suited for office, retail, or service type businesses. The spacious, well-kept apartments appeal to long-term tenants, while ample off-street parking adds a valuable downtown convenience. Just moments from restaurants, shops, public transportation, and major commuter routes, this property stands out in a highly desirable location. With a new price adjustment and a motivated seller, it offers exceptional value for investors and owner-occupants alike. Showings by appointment only.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Market Insights
2
Price Changes
13.1%
Price Range
Property Timeline
Price Reduced
Sep 2, 2026
$1,325,000
$65,000
(-4.68%)
From $1,390,000 to $1,325,000 (-4.7%)
Price Reduced
Mar 16, 2026
$1,390,000
$135,000
(-8.85%)
From $1,525,000 to $1,390,000 (-8.8%)
Listed for Sale
Oct 2, 2025
$1,525,000
Original listing
Office: Coldwell Banker Realty - Lynnfield
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/02/2026 | ↓ Price Reduced | $1,325,000 | $65,000 | - | From $1,390,000 to $1,325,000 (-4.7%) |
| 03/16/2026 | ↓ Price Reduced | $1,390,000 | $135,000 | - | From $1,525,000 to $1,390,000 (-8.8%) |
| 10/02/2025 | 🏠 Listed for Sale | $1,525,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $18,926 | — |
Financial Details
Annual Property Tax
$18,926
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1900
Living Area
4,645 sq ft
Lot Size
0.10 acres
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Asphalt/composition Shingles
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available
Financial
Annual Tax
$18,926
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Units 21 & 24 Are Commercial And Units 22 & 23 Are Residential. All Measurements Are Approximate.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Essex
Property Overview
Listing Type
For Sale
Year Built
1900
Living Area
4,645 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Asphalt/Composition Shingles
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Danvers School District local
A-
School Safety
2024-25
2.3%
Average
1.9%
Suspensions
2.3%
In-School
0.4%
Emergency
3.2% below state avg
Elementary Schools
7 schools
St. Mary of the Annunciation School
0.6 mi
Grades PK-08
Great Rock Christian Academy
2.2 mi
Grades PK-12
C+
Great Oak School
0.6 mi
|
#546 of 825
|
Score: 43.1
Dropped 195 spots from last year
-15.1 below state avg
278 students
Moderate
Grades K-05
B+
Riverside School
0.8 mi
|
#290 of 825
|
Score: 51.0
Improved 146 spots from last year
-7.2 below state avg
323 students
Moderate
Rising School
Strong Attendance
Grades PK-05
B-
Willis E Thorpe School
1.0 mi
|
#438 of 825
|
Score: 46.4
Dropped 170 spots from last year
-11.8 below state avg
292 students
Less Diverse
Strong Attendance
Grades K-05
B-
Highlands School
1.1 mi
|
#484 of 825
|
Score: 45.2
Improved 158 spots from last year
-13 below state avg
341 students
Moderate
Rising School
Grades K-05
B
Ivan G Smith School
1.7 mi
|
#358 of 825
|
Score: 48.8
Improved 15 spots from last year
-9.4 below state avg
361 students
Moderate
Strong Attendance
Grades K-05
Middle Schools
1 school
B-
Holten Richmond Middle School
0.4 mi
|
#185 of 352
|
Score: 41.7
Dropped 14 spots from last year
-16.5 below state avg
734 students
Moderate
Grades 06-08
High Schools
5 schools
Northeast ARC
0.5 mi
Grades 06-12
St. John's Prep School
1.3 mi
Grades 06-12
B
Danvers High School
1.2 mi
|
#160 of 346
|
Score: 54.8
Dropped 18 spots from last year
-3.4 below state avg
794 students
Moderate
17 sports
• 1,436 athletes
Early College Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
Northeast Behavioral Health
2.4 mi
Grades 09-12
A-
Essex North Shore Agricultural and Technical School
2.7 mi
|
#78 of 346
|
Score: 63.3
Improved 21 spots from last year
+5.1 above state avg
1,927 students
Moderate
Strong AP Program
Early College Program
High Graduation Rate
Rising School
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,577
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
Loading map...
Neighborhood
Danvers Center
15 Cherry Street # 24, Danvers MA 01923
Danvers, MA 01923
Listing Information
Listing Agent
Stephen Velonis
Listing Office
Coldwell Banker Realty - Lynnfield
Office Phone
781-334-5700
Agent MLS ID
CT000331
Office MLS ID
AN6219
Listing Data Updated
Sep 6, 2026 3:07 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Danvers.