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$ 925,000
Est. payment /mo
Pending
55 Butler St Salem, MA 01970
6 Beds
3 Baths
2,536 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family - 2 Units Up/Down
Listing Status Pending
Purchase Type For Sale
Square Footage 2,536 sqft
Price per Sqft $364
MLS Listing ID 73446309
Bedrooms 6
Full Baths 3
Year Built 1880
Annual Tax Amount $9,931
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type 2 Family - 2 Units Up/Down
Property Description
Welcome to 55 Butler St! This sun-filled 2-family opportunity on a corner lot w/ a history of strong rent offers incredible flexibility for investors or owner-occupants alike! The first floor unit features 2 bedrooms, 1 bathroom and a parking space, while Unit 2 is an upper duplex featuring 3 bedrooms, 2 full bathrooms, 2 parking spaces and a small sunroom off the kitchen w/ 2 additional bonus rooms on the 3rd floor! The building also includes a large basement w/ separate washers/dryers. Both existing units were renovated in 2018 (including updated heat/hot water systems and electrical). Fully approved by the Salem ZBA to convert from a 2- to 3-unit building by splitting Unit 2 into individual units on the two separate floors. The approved plans were designed to facilitate the conversion, with the new 3rd floor unit retaining its existing bathroom. A kitchen, skylights and laundry to be added. Home is vacant. Prime location already green-lit for expansion!
Location
State MA
County Essex
Area Gallows Hill
Zoning R1
Direction Google Maps
Rooms
Basement Concrete, Unfinished
Interior
Flooring Wood
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Public School
Total Parking Spaces 3
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by William Raveis R.E. & Home Services