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Investment Highlights

  • 4 Units: 2 Commercial / 2 Residential
  • Professionally Managed & Maintained
  • Ample Private Parking
  • Excellent Downtown Location Near Major Highways

Executive Summary

This property has recently undergone a price adjustment, creating an even more attractive opportunity to acquire a well-maintained, mixed-use building in the vibrant heart of downtown Danvers. This professionally managed property offers 4 total units, 2 first flr commercial spaces & 2 upper-level residential apartments, providing strong, diversified income potential for both investors & owner occupants. The street-level commercial suites offer excellent visibility, flexible layouts, & suitability for a wide range of office, retail, or service-based uses. The above 2 well-kept residential units appeal to long-term tenants seeking comfort & convenience. A rare advantage in the downtown district, the property includes ample off-street parking, enhancing desirability for both residential & commercial occupants. Ideally situated just steps from local shops, restaurants, & major commuter routes, this premier investment property delivers exceptional accessibility in this thriving community.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,500 SF
Building Class
C
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
0.10
Lot Size
1.08 AC
Zoning
R1
Parking
12 Spaces (2.67 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • DANV-000043-000000-000380
  • 043 380 032
Land Assessment
$0
Improvements Assessment
$1,129,500
Total Assessment
$1,129,500
  • Listing ID: 37916070

  • Date on Market: 10/2/2025

  • Last Updated:

  • Address: 15 Cherry St, Danvers, MA 01923

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