Prevu by reAlpha
BuySellBlogBrowse Listings

55 Butler StSalem, MA 01970

For Sale

$925,000

Smart Buyer Rebate $4,625

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

·

William Raveis R.E. & Home Services

·

617-529-6622

Listed by Daniel Resop

·

William Raveis R.E. & Home Services

Last updated November 22, 2025

·

Source: MLSPin #73446309

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms6
  • Bathrooms3
  • Days on Prevu51
  • Taxes$9,931/year
  • Size2,536 sqft
  • Price per sqft$365

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

11/19/2025
Price Decreased
$925,000
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

  • Open Parking Spaces: 3
  • Parking Features: Off Street
  • Parking Total: 3

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 6 bedrooms and 3 bathrooms in this multi-family home at 55 Butler St.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 55 Butler St.

What are the annual taxes for 55 Butler St?

Annual taxes for this multi-family home are estimated at $9,931.

How does 55 Butler St compare to other multi-family homes in South Salem?

This multi-family home is listed 53% below the average price for multi-family homes in South Salem and has been on the market for 32 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,536 sqft.

55 Butler St is a 6-bedroom, 3-bath multi-family home for sale in Salem MA 01970. Listed on Prevu for 51 days at $925,000. This includes a recent price decrease of $24,000. This home features 2,536 square feet of living space, located in South Salem. The median listing price for multi-family homes in this area is $594,950. The home offers parking. Browse more multi-family home listings in Salem.

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.