Price Reduced 2.53%
Price History
$949,000
10/22/2025
$925,000
11/18/2025
55 Butler St, Salem, (Gallows Hill), MA, 01970
11 rooms
6 beds
3 Full baths
1880
2,536 sqft
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!
Status:
Active
Town:
Salem
Type:
Multi-family
Units:
2
Zoning:
R1
Basement:
Concrete, Unfinished
Levels:
3
Parking:
3-car, Off Street
Acreage:
0.1
Est. Taxes:
$9,931
Assessment
$875,700
Lot Description:
Corner Lot
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Public School
MLS #:
73446309