55 Butler St
Salem, MA, 01970
$925,000
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!
Current real estate data for Multi Family in Salem as of Dec 30, 2025
13
Multi Family Listed
198
Avg DOM
300
Avg $ / SqFt
$1,325,123
Avg List Price
Property Details
Price:
$925,000
MLS #:
73446309
Status:
Active Under Contract
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Neighborhood:
gallowshill
Listed Date:
Oct 22, 2025
Finished Sq Ft:
2,536
Total Sq Ft:
2,536
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
Map
Contact Us
Mortgage Calculator
Community
- Address55 Butler St Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Property Summary
- 55 Butler St Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $925,000 To schedule a showing of MLS#73446309 at 55 Butler St in Salem, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.
Similar Listings Nearby
CRP: Certified Relocation Professional CRS: Certified Residential Specialist GRI: Graduate of Realtors Institute CBR: Certified Buyers Representative BSBA: Bachelor of Science in Business Administration. Babson College 1979 MBA: Master of Business Administration. Babson College 2002 James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…
More About JamesCourtesy of William Raveis R.E. & Home Services. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
55 Butler St
Salem, MA