4 Butler Ave, Danvers MA 01923
Danvers, MA 01923 • Danvers Center
$1,499,999
Est. $8,626/month
About this home
Exceptional investment opportunity! This well-maintained 5-family property offers 7 bedrooms+ and 5 bathrooms across multiple units, providing a strong foundation for steady rental income or multi-generational living. Located in a prime area, the property is close to shops, restaurants, transit & local amenities—highly attractive to prospective tenants. Each unit benefits from dedicated off-street parking. Utilities are fully separated, placing operating costs directly with tenants and maximizing net returns. The basement features a co-operated laundry setup for tenants, creating additional convenience and income potential. This property is low maintenance and turnkey. Brand new back stairs/deck. Many upgrades in varying units. Great tenants. Whether you’re expanding your portfolio or seeking a reliable income-producing asset, this property delivers consistent demand and exceptional investment performance.** Group showings ONLY by appointment—reach out to LIST agent for more info*
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Pending Sale
Jan 5, 2026
Offer accepted, sale pending
Pending Sale
Dec 18, 2025
Offer accepted, sale pending
Listed for Sale
Dec 4, 2025
$1,499,999
Original listing
Agent: Jennifer Crowe
Office: Atlantic Coast Homes,Inc
Listed for Sale
Dec 4, 2025
$1,499,999
Original listing
Agent: Jennifer Crowe
Office: Atlantic Coast Homes,Inc
Listed for Sale
Dec 4, 2025
$1,499,999
Original listing
Agent: Jennifer Crowe
Office: Atlantic Coast Homes,Inc
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/05/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 12/18/2025 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 12/04/2025 | 🏠 Listed for Sale | $1,499,999 | - | - | Original listing |
| 12/04/2025 | 🏠 Listed for Sale | $1,499,999 | - | - | Original listing |
| 12/04/2025 | 🏠 Listed for Sale | $1,499,999 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,100 | $993,200 |
Financial Details
Annual Property Tax
$10,100
Tax Year 2025
Assessed Value
$993,200
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1900
Living Area
4,222 sq ft
Lot Size
0.21 acres
Bedrooms
7
Full Baths
5
Total Rooms
18
Investment Metrics
Units
5
Unit 1 Rent
$1,800/mo · Y
Unit 2 Rent
$1,800/mo · Y
Unit 3 Rent
$1,800/mo · Y
Unit 4 Rent
$1,800/mo · Y
Total Monthly Rent
$7,200/mo
Gross Income
$111,700
Net Operating Income
$101,058
Operating Expenses
$10,642
Water/Sewer Expense
$2,760
Electric Expense
$768
Insurance Expense
$4,262
Cap Rate
6.74%
Interior
Heating
Natural Gas, Hot Water
Cooling
Window Unit(s)
Flooring
Wood, Vinyl, Carpet, Varies, Laminate, Hardwood
Appliances
Washer, Dryer, Range, Refrigerator
Fireplace
None
Fireplaces
1
Basement
Full, Bulkhead, Unfinished
Laundry
None
Features
Storage, Pantry, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Garden
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Leased
Total Spaces
7
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$10,100
Assessed Value
$993,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Ai-generated Video Matterport Is Used To Remove Tenants Belongings And Provide Space Examples; Room Measurements Are Approximate.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
gray
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
33 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
7
Full Bathrooms
5
Living Area
4,222 sq ft
Total Rooms
18
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,222 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Vinyl, Carpet, Varies, Laminate, Hardwood
Appliances:
Washer, Dryer, Range, Refrigerator
Interior Features:
Storage, Pantry, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Windows:
Screens
Basement:
Full, Bulkhead, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Natural Gas, Hot Water
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Garden
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
7
Parking Features:
Paved Drive, Leased
Special Features
Fireplaces:
1
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
Nearby Schools
School District
Danvers School District local
A-
School Safety
2024-25
2.3%
Average
1.9%
Suspensions
2.3%
In-School
0.4%
Emergency
3.2% below state avg
Elementary Schools
3 schools
C+
Great Oak School
0.5 mi
|
#554 of 824
|
Score: 42.8
Dropped 203 spots from last year
-15.4 below state avg
291 students
Moderate
Grades K-05
St. Mary of the Annunciation School
0.5 mi
Grades PK-08
B-
Willis E Thorpe School
1.0 mi
|
#435 of 824
|
Score: 46.6
Dropped 167 spots from last year
-11.6 below state avg
294 students
Less Diverse
Grades K-05
Middle Schools
2 schools
B-
Holten Richmond Middle School
0.5 mi
|
#183 of 352
|
Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students
Moderate
Grades 06-08
B+
Beverly Middle School
2.6 mi
|
#140 of 352
|
Score: 45.2
Improved 24 spots from last year
-13.1 below state avg
1,388 students
Moderate
Rising School
Grades 05-08
High Schools
3 schools
Northeast ARC
0.7 mi
Grades 06-12
B
Danvers High School
1.0 mi
|
#158 of 346
|
Score: 54.4
Dropped 16 spots from last year
-3.9 below state avg
784 students
Moderate
17 sports
• 1,436 athletes
Early College Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
St. John's Prep School
1.1 mi
Grades 06-12
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
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Homeowners Insurance
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PMI (if <20% down)
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Loan Summary
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Danvers Center
4 Butler Ave, Danvers MA 01923
Danvers, MA 01923
Listing Information
Listing Agent
Jennifer Crowe
Listing Office
Atlantic Coast Homes,Inc
Office Phone
978-777-4444
Agent MLS ID
C8000685
Office MLS ID
AC1991
Listing Data Updated
Jan 9, 2026 1:19 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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