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15 Cherry Street , 21,22,23,24

Danvers, MA 01923
  • $1,390,000
  • STATUS: Active
  • MLS #: 73438789
UPDATED: 77 min ago
$1,390,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,645
    SQFT
  • $299
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Listing courtesy of Stephen Velonis of Coldwell Banker Realty - Lynnfield.

Description

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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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-06-06T19:04:15.53.
www.exitcaperealty.com/homes/168463321
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15 Cherry Street , 21,22,23,24 Danvers, MA 01923

  • Price: $1,390,000
  • Status: Active
  • On Site: Days
  • Updated: 77 min ago
  • MLS #: 73438789
0
Beds
0
Baths
0
½ Baths
0.1
Acres
4,645
SQFT
$299
$/SQFT
1900
Built
Neighborhood:
Danvers Center
County:
Essex
Area:
Danvers Center
Property Description
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.
Exterior Features

Roof Asphalt/Composition Shingles Waterfront YN No

Interior Features

Building Area Total 4645

Property Features

Association YN No Disclosures Units 21 & 24 are commercial and Units 22 & 23 are residential. All measurements are approximate. Home Warranty YN No Senior Community YN No Tax Annual Amount 18926 Tax Year 2025 Utilities Public WaterPublic SewerNatural Gas Available Zoning R1

Listing information © 2026 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Stephen Velonis of Coldwell Banker Realty - Lynnfield: 781-334-5700.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-06-06T19:04:15.53.
 
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EXIT Cape Realty
4527 Falmouth Rd
Cotuit MA, 02635
Listing courtesy of Stephen Velonis of Coldwell Banker Realty - Lynnfield.