4 Butler Ave Danvers, MA 01923
Estimated payment $8,724/month
Highlights
- Marina
- Property is near public transit
- 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
- Open Parking
Outdoor Features
- Bulkhead
- Porch
Location
- Property is near public transit
- Property is near 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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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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