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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| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/01/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 10/22/2025 | 🏠 Listed for Sale | $925,000 | - | - | Original listing |
| 10/22/2025 | 🏠 Listed for Sale | $925,000 | - | - | Original listing |
| 10/22/2025 | 🏠 Listed for Sale | $925,000 | - | - | Original listing |
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,931 | $875,700 |
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Gallows Hill
55 Butler St, Salem MA 01970
Salem, MA 01970
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