$925,000

55 Butler St, Salem, MA 01970

6 beds |
3 baths |
2,536 sqft

Duplex
Built in 1880
4,356sqft lot
—— car garage
$365/sqft
Listed 1 month ago

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!

Listing Status:: Active
Date Added:: October 22, 2025 at 05:00AM
Listing Office:: William Raveis R.E. & Home Services : 617-266-5200
Listing Agent:: Daniel Resop : 727-612-6228
MLS ID:: 73446309

Basement: ConcreteUnfinished
Flooring: Wood
Fireplace: Fireplaces: 0

Parking: Off Street

General: 3Stone

Originating MLS: MLS Property Information Network
County: Essex

Zoning: R15075267

Water: Public
Sewer: Public Sewer

Source: MLS Property Information Network

This listing courtesy of Daniel Resop, William Raveis R.E. & Home Services

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Witchcraft Heights

1 Frederick St, Salem, MA, 01970

Grades KG-5

0.39 miles away

Collins Middle School

29 Highland Ave, Salem, MA, 01970

Grades 6-8

0.70 miles away

Salem High School

77 Willson St, Salem, MA, 01970

Grades 9-12

1.04 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.