55 Butler St Salem, MA 01970
Gallows Hill NeighborhoodEstimated payment $5,689/month
Highlights
- Medical Services
- Wood Flooring
- Jogging Path
- Property is near public transit
- Corner Lot
- Park
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,931
Year Built
- Built in 1880
Lot Details
- 4,251 Sq Ft Lot
- Corner Lot
Home Design
- Duplex
- Stone Foundation
Interior Spaces
- Property has 1 Level
- Wood Flooring
- Unfinished Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number 5075267
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2025 12/16/25 | Pending | -- | -- | -- |
| 11/18/2025 11/18/25 | Price Changed | $925,000 | -2.5% | $365 / Sq Ft |
| 10/22/2025 10/22/25 | For Sale | $949,000 | -- | $374 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73446309
APN: SALE M:16 L:0096
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