MA > Salem
Salem, MA 01970,55 Butler St
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Salem, MA 01970,55 Butler St
Salem, MA 01970,55 Butler St
Salem, MA 01970,55 Butler St
Salem, MA 01970,55 Butler St
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Lantern Residential

Lantern Residential

+1(617) 207-1974
$ 949,000
Est. payment /mo
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Open Sat 11AM-12:15PM

55 Butler St Salem, MA 01970

6 Beds

3 Baths

2,536 SqFt

Open House

Sat Oct 25, 11:00am - 12:15pm

Sun Oct 26, 11:00am - 12:15pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 Family - 2 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,536 sqft

Price per Sqft $374

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
Lantern Residential

Lantern Residential

Brokerage | License ID: 423866

+1(617) 207-1974

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55 Butler St