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355 Boylston St / (617) 233-5800

55 Butler St

Gallows Hill - Salem, MA ID #73446309

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55 Butler St

Gallows Hill - Salem, MA ID #73446309

Property Description

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!

Additional Details

  • Status: NEW
  • Type: Multi-Family, 2 Family - 2 Units Up/Down
  • Area: Gallows Hill
  • Zip Code: 01970
  • Taxes: 9,931
  • Levels: 3
  • Acres: 0.10

Parking

  • Garage Capacity: 3
  • Parking: Off Street
  • Parking Spaces: 3

Rooms/Dimensions

  • Total Units: 2
  • Total Floors: 3
  • Total Rooms: 11

Location

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55 Butler St, Salem, MA

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Content © 2025 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Daniel Resop of William Raveis R.E. & Home Services. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.