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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!
General Information for 55 Butler St Salem, MA 01970 |
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| Town | Salem |
| Village | Gallows Hill |
| County | Essex |
| Stories | 3 |
| SQFT | 2,536 |
| Status | Available |
| Listing Number | 73446309 (MLSPIN) |
Rooms Information for 55 Butler St Salem, MA 01970 |
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Interior Information for 55 Butler St Salem, MA 01970 |
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| Basement | Concrete Unfinished |
| Interior Features | Wood |
Exterior Information for 55 Butler St Salem, MA 01970 |
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| Lot Size | 0.10 acres |
| Lot Description | Corner Lot |
| Parking | Spaces: 3 Off Street |
| Lot | Corner Lot |
| Water | Public |
| Sewer | Public Sewer |
Neighborhood Information for 55 Butler St Salem, MA 01970 |
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| Neighborhood Amenities | Public Transportation Shopping Park Walk/Jog Trails Medical Facility Public School |
Miscellaneous Information for 55 Butler St Salem, MA 01970 |
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| Year Built | 1880 |
| Association Fee | 0 |
| Taxes | $9,931 /Yr |
| Comp | |
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| Condo | Data |
|---|---|
| Units | 6,933 |
| Avg Price | $933,306 |
| Avg Days Listed | 99 |
| Total New Listings | 16 |
| House | Data |
|---|---|
| Units | 12,210 |
| Avg Price | $1,243,933 |
| Avg Days Listed | 86 |
| Total New Listings | 11 |
| Multi-Family | Data |
|---|---|
| Units | 2,147 |
| Avg Price | $1,281,855 |
| Avg Days Listed | 108 |
| Total New Listings | 3 |
For a more detailed market analyis one of our real estate agents can provide you with a full report.
| Address | Closing Date | List Price | Closing Price | % of List Price |
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| Listing: 1 of 1 | Updated 52 minutes ago |
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.
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