15 Cherry Street # 21 22 23 24 Danvers Danvers, MA 01923
Well-maintained mixed-use property in downtown Danvers with strong cash flow.
- Added:
- May 16, 2026
- Days on Market:
- 60
- Last Refresh:
- Jul 5 at 10:18 pm
Property Features for 15 Cherry Street # 21 22 23 24 Danvers
General Information
- Standard status
- Active
- Size
- 4,645 SF
Building Details
- Year Built
- 1900
Listing office (508) 501-1443
Listing date May 16, 2026
Source Milestonerealtyinc
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Crystal Silva
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use property in the heart of downtown Danvers offering strong cash‑flow potential.
- Four units: two commercial spaces with high visibility and flexible floor plans, and two well‑maintained residential apartments.
- Ample off‑street parking, a rare convenience in a downtown location.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.2k | $36.00 |
| − Vacancy | −$16.7k | −$3.60 |
| EGI | $150.5k | $32.40 |
| − OpEx | −$56.4k | −$12.15 |
| NOI | $94.1k | $20.25 |
