15 Cherry Street # 24, Danvers MA 01923
Danvers, MA 01923 • Danvers Center
$1,525,000
$1,390,000
Est. $8,806/month
About this home
Downtown Danvers Mixed-Use Investment - Rare opportunity to own a well-maintained, professionally managed mixed-use property in the heart of downtown Danvers. This income-producing building features four units, including two street-level commercial spaces and two residential apartments above, offering strong cash-flow potential and long-term investment value. The commercial units benefit from outstanding visibility and flexible floor plans ideal for office, retail, or service use. The residential apartments are spacious, well-maintained, and attractive to long-term tenants. Ample off-street parking enhances the property’s appeal, providing a rare convenience in the downtown setting. Located just moments from restaurants, shops, public transportation, and major commuter routes, this is a standout opportunity in a highly desirable location. New price adjustment and Motivated Seller create an exceptional value for investors and owner-occupants alike. Showings are by appointment only.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
8.9%
Price Range
Property Timeline
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 |
|---|---|---|---|---|---|
| 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
Commercial Sale
Year Built
1900
Living Area
4,645 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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
3 schools
St. Mary of the Annunciation School
0.6 mi
Grades PK-08
C+
Great Oak School
0.6 mi
|
#554 of 824
|
Score: 42.8
Dropped 203 spots from last year
-15.4 below state avg
291 students
Moderate
Grades K-05
B+
Riverside School
0.9 mi
|
#304 of 824
|
Score: 50.8
Improved 132 spots from last year
-7.4 below state avg
350 students
Moderate
Rising School
Grades PK-05
Middle Schools
3 schools
B-
Holten Richmond Middle School
0.5 mi
|
#183 of 352
|
Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students
Moderate
Grades 06-08
B+
Beverly Middle School
2.6 mi
|
#140 of 352
|
Score: 45.2
Improved 24 spots from last year
-13.1 below state avg
1,388 students
Moderate
Rising School
Grades 05-08
C+
J. Henry Higgins Middle School
2.8 mi
|
#240 of 352
|
Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students
Diverse
Grades 06-08
High Schools
3 schools
Northeast ARC
0.5 mi
Grades 06-12
B
Danvers High School
1.2 mi
|
#158 of 346
|
Score: 54.4
Dropped 16 spots from last year
-3.9 below state avg
784 students
Moderate
17 sports
• 1,436 athletes
Early College Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
St. John's Prep School
1.3 mi
Grades 06-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$1,577
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
-0.5% Rate
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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
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Neighborhood
Danvers Center
15 Cherry Street # 24, Danvers MA 01923
Danvers, MA 01923
Listing Information
Listing Office
Coldwell Banker Realty - Lynnfield
Office Phone
781-334-5700
Agent MLS ID
CT000331
Office MLS ID
AN6219
Listing Data Updated
Apr 21, 2026 12:06 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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