55 Butler St Salem MA 01970 MLS #73446309

55 Butler St
Salem, MA, 01970
$949,000
6 Beds
3 Baths
2,536 SqFt
0.1 Acres
$949,000
55 Butler St
Salem, MA, 01970
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!

Property Details

Price:
$949,000
MLS #:
73446309
Status:
Active
Beds:
6
Baths:
3
Address:
55 Butler St
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Neighborhood:
gallowshill
City:
Salem
Listed Date:
Oct 22, 2025
State:
MA
Finished Sq Ft:
2,536
Total Sq Ft:
2,536
ZIP:
01970
Lot Size:
4,251 sqft / 0.10 acres (approx)
Year Built:
1880
Units:
2

Schools

Interior

Bathrooms
3 Full Bathrooms
Flooring
Wood

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Public School
Parking Features
Off Street
Parking Spots
3

Financial

Tax Year
2025
Taxes
$9,931
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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55 Butler St
Salem, MA