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!
Open House: October 25th 11:00-12:15pm
| MLS Listing ID: | 73446309 |
|---|---|
| Listing Price: | $949,000 |
| Listing Status: | New [?] |
| Neighborhood: | Gallows Hill |
| Property Type: | Multi Family |
| Bedrooms: | 6 |
| Full Baths: | 3 |
| Living Space: | 2536 sf. |
| Lot Size: | 0.1 acres (4251 sf.) |
| Parking: | Yes |
| Taxes: | $9,931.00 |
| Tax Year: | 2025 |
Listing Current as of October 24, 2025 7:00am
This listing brought to you by Daniel Resop of William Raveis R.E. & Home Services.
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