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55 Butler StSalem, MA 01970

For Sale

$949,000

Smart Buyer Rebate $4,745

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!

Listed by Collin Sullivan

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William Raveis R.E. & Home Services

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617-529-6622

Listed by Daniel Resop

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William Raveis R.E. & Home Services

Last updated October 23, 2025

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Source: MLSPin #73446309

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms6
  • Bathrooms3
  • Days on Prevu2
  • Taxes$9,931/year
  • Size2,536 sqft
  • Price per sqft$374

Amenities

  • Parking

Location

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Listing History

10/22/2025
Listed by William Raveis R.E. & Home Services
$949,000

Property Details for 55 Butler St

Association

Amenities

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Public School

Exterior

Construction

  • Number Of Units Total: 2
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1880
  • Year Built Details: Renovated Since

Measurements

  • Building Area Total: 2,536
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.10
  • Lot Size Area: 0
  • Lot Size Square Feet: 4,251
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: 5075267
  • Tax Annual Amount: $9,931.00
  • Tax Assessed Value: $875,700.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Wood

Measurements

  • Living Area: 2,536
  • Living Area Source: Public Record

Rooms

  • Basement: Concrete, Unfinished
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Rooms Total: 11

Parking

Parking

  • Parking Features: Off Street
  • Parking Total: 3

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

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, landlords 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, leasing or renting 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, leasing or renting. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.