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!
- Basement:
- Unfinished, Concrete
- Parking:
- Off Street
- Flooring:
- Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Building charges a move in/out fee of $500 each way. All property information provided is believed to be accurate but not guaranteed. Buyers and their agents are advised to verify all details independently.
- Garage Parking
- Lead Paint:
- Unknown
- Area:
- Gallows Hill
- Market Time:
- 85
- Parking Spaces:
- 3
- Tax Year:
- 2025
- Status:
- Closed
- Price Per Sqft:
- $357
- Zoning:
- R1
- No Units:
- 2
- Orig Price:
- $949,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Salem
- State:
- MA
- County:
- Essex
- Postal Code:
- 01970
- Longitude:
- W71° 5' 1.8''
- Latitude:
- N42° 31' 15.2''
Residential Income
55 Butler St, Salem, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $925,000
- Bedrooms :
- 6
- Rooms :
- 11
- Total Bathrooms :
- 3
- Full Bathrooms :
- 3
- Square Footage :
- 2,536 Sqft
- Year Built :
- 1880
- Lot Area :
- 0.10 Acre
- Listing ID :
- 73446309
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com