55 Butler St Salem, MA $ 925,000
55 Butler St
$ 925,000
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55 Butler St

Salem, MA, 01970
$ 925,000
Bedrooms6 Baths3.0 Sq 2,536

Monthly Estimate*

$ 5,771

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Multi-Family Home for sale in Salem, MA

for $925,000 with 6 bedrooms and 3 full baths. This 2,536 square foot home was built in 1880 on a lot size of 0.1.

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!

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Multi-Family Active

Price

$ 925,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,931

Style

2 Family - 2 Units Up/Down

Lot Size

0.1

Year Built

1880

Town/City

Salem

County/Region

Essex

MLS | Web ID

73446309

List By
Daniel Resop

Listing Agent

William Raveis R.E. & Home Services

Broker

Affordability Calculator

$6,598
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,771
Monthly Property Taxes
$828
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
11/18/2025$925,000 -2.53% Price Down
10/22/2025$949,000 Listed Price

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55 Butler St, Salem, MA, 01970 is a Multi-Family Home for sale at $925,000 with 2,536 sqft and a lot size of 0.1. 55 Butler St has 6 bedrooms, 3.0 baths, and was built in 1880. The property's zip code is 01970 which is in Salem, MA