4 Butler Ave Danvers, MA 01923
Estimated payment $8,802/month
Highlights
- Marina
- Property is near public transit and schools
- 1 Fireplace
- Medical Services
- Wood Flooring
- Jogging Path
About This Home
Exceptional investment opportunity! This well-maintained 5-family property offers 7 bedrooms+ and 5 bathrooms across multiple units, providing a strong foundation for steady rental income or multi-generational living. Located in a prime area, the property is close to shops, restaurants, transit & local amenities—highly attractive to prospective tenants. Each unit benefits from dedicated off-street parking. Utilities are fully separated, placing operating costs directly with tenants and maximizing net returns. The basement features a co-operated laundry setup for tenants, creating additional convenience and income potential. This property is low maintenance and turnkey. Brand new back stairs/deck. Many upgrades in varying units. Great tenants. Whether you’re expanding your portfolio or seeking a reliable income-producing asset, this property delivers consistent demand and exceptional investment performance.** Group showings ONLY by appointment—reach out to LIST agent for more info*
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,100
Year Built
- Built in 1900
Lot Details
- 8,999 Sq Ft Lot
- Garden
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,222 Sq Ft Home
- 1 Fireplace
- Window Screens
- Living Room
- Storage
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Range
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Parking
- 7 Car Parking Spaces
- Leased Parking
- Driveway
- 7 Open Parking Spaces
Outdoor Features
- Bulkhead
- Porch
Location
- Property is near public transit and schools
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Hot Water Heating System
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:043 L:151 P:,1877810
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $768
- Insurance Expense $4,262
- Water Sewer Expense $2,760
- Operating Expense $10,642
- Net Operating Income $101,058
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,100 | $919,000 | $337,700 | $581,300 |
| 2024 | $9,788 | $881,000 | $314,000 | $567,000 |
| 2023 | $9,854 | $838,600 | $292,700 | $545,900 |
| 2022 | $9,257 | $731,200 | $266,600 | $464,600 |
| 2021 | $9,708 | $727,200 | $262,600 | $464,600 |
| 2020 | $8,472 | $648,700 | $227,500 | $421,200 |
| 2019 | $8,420 | $634,000 | $213,300 | $420,700 |
| 2018 | $8,514 | $628,800 | $228,700 | $400,100 |
| 2017 | $7,209 | $508,000 | $177,800 | $330,200 |
| 2016 | $6,958 | $490,000 | $169,500 | $320,500 |
| 2015 | $6,695 | $449,000 | $154,100 | $294,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/05/2026 01/05/26 | Pending | -- | -- | -- | |
| 01/05/2026 01/05/26 | For Sale | $1,499,999 | 0.0% | $355 / Sq Ft | |
| 12/18/2025 12/18/25 | Pending | -- | -- | -- | |
| 12/04/2025 12/04/25 | For Sale | $1,499,999 | +36.4% | $355 / Sq Ft | |
| 06/24/2021 06/24/21 | Sold | $1,100,000 | -4.4% | $269 / Sq Ft | View Prior Sale |
| 04/15/2021 04/15/21 | Pending | -- | -- | -- | |
| 04/12/2021 04/12/21 | Price Changed | $1,150,050 | 0.0% | $282 / Sq Ft | |
| 03/18/2021 03/18/21 | Price Changed | $1,150,000 | -4.2% | $282 / Sq Ft | |
| 03/08/2021 03/08/21 | For Sale | $1,200,000 | 0.0% | $294 / Sq Ft | |
| 02/23/2021 02/23/21 | Pending | -- | -- | -- | |
| 02/16/2021 02/16/21 | For Sale | $1,200,000 | -- | $294 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73459936
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The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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