Exceptional investment opportunity! This well-maintained 5-family property offers 7 bedrooms+ and 5 bathrooms across multiple units, providing a strong foundation for steady rental income or multi-generational living. Located in a prime area, the property is close to shops, restaurants, transit & local amenities—highly attractive to prospective tenants. Each unit benefits from dedicated off-street parking. Utilities are fully separated, placing operating costs directly with tenants and maximizing net returns. The basement features a co-operated laundry setup for tenants, creating additional convenience and income potential. This property is low maintenance and turnkey. Brand new back stairs/deck. Many upgrades in varying units. Great tenants. Whether you’re expanding your portfolio or seeking a reliable income-producing asset, this property delivers consistent demand and exceptional investment performance.** Group showings ONLY by appointment—reach out to LIST agent for more info*
- Heating System:
- Natural Gas, Hot Water
- Cooling System:
- Window Unit(s)
- Basement:
- Full, Bulkhead, Unfinished
- Parking:
- Leased, Paved Drive
- Appliances:
- Range, Refrigerator, Washer, Dryer
- Construction:
- Frame
- Exterior Unit Features:
- Garden
- Flooring:
- Wood, Vinyl, Laminate, Hardwood, Carpet, Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- The source of all representations are from the Seller or a public source; Broker has not verified same. It is recommended that Buyer independently verify all information/$13.00/Month "Lorell Management" Sewer Fee/FP-Cleaned 2025/Roof-2021/Basement w/Walk Out Finished-2019/Primary Master Remodel-2021
- Garage Parking
- Interior Features:
- Kitchen, Storage, Bathroom With Tub & Shower, Pantry, Living Room, Remodeled
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
- Area:
- Danvers Center
- Market Time:
- 33
- Parking Spaces:
- 7
- Tax Year:
- 2025
- Status:
- Closed
- Price Per Sqft:
- $349
- Zoning:
- R1
- No Units:
- 5
- Orig Price:
- $1,499,999
- Fireplaces:
- 1
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Danvers
- State:
- MA
- County:
- Essex
- Postal Code:
- 01923
- Longitude:
- W71° 3' 41.3''
- Latitude:
- N42° 34' 10.5''
Residential Income
4 Butler Ave, Danvers, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,499,999
- Bedrooms :
- 7
- Rooms :
- 18
- Total Bathrooms :
- 5
- Full Bathrooms :
- 5
- Square Footage :
- 4,222 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.21 Acre
- Listing ID :
- 73459936
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
