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*
For sale
$1,499,999
4 Butler Ave, Danvers, MA 01923
7beds
4,222sqft
Est.:
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$355/sqft
$-- HOA
What's special
Dedicated off-street parking
- 12 days |
- 777 |
- 30 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 12:09am
Listed by:
Jennifer Crowe 978-505-1158,
Atlantic Coast Homes,Inc 978-777-4444
Source: MLS PIN,MLS#: 73459936
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Hot Water
Cooling
- Window Unit(s)
Features
- Storage, Pantry, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
- Flooring: Wood, Vinyl, Carpet, Varies, Laminate, Hardwood
- Windows: Screens
- Basement: Full,Bulkhead,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 4,222
- Total interior livable area: 4,222 sqft
- Finished area above ground: 4,222
Video & virtual tour
Property
Parking
- Total spaces: 7
- Parking features: Paved Drive, Leased
- Uncovered spaces: 7
Features
- Patio & porch: Porch
- Exterior features: Garden
Lot
- Size: 8,999 Square Feet
Details
- Parcel number: M:043 L:151 P:,1877810
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
Location
- Region: Danvers
Financial & listing details
- Price per square foot: $355/sqft
- Tax assessed value: $993,200
- Annual tax amount: $10,100
- Date on market: 12/4/2025
- Total actual rent: 11100
Estimated market value
Not available
Estimated sales range
Not available
$3,640/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Listed for sale | $1,499,999+36.4%$355/sqft |
Source: MLS PIN #73459936 Report a problem | ||
| 6/24/2021 | Sold | $1,100,000$261/sqft |
Source: MLS PIN #72786348 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$9,416/mo
Principal & interest
$7641
Property taxes
$1250
Home insurance
$525
Climate risks
Neighborhood: 01923
Nearby schools
GreatSchools rating
- 7/10Great Oak Elementary SchoolGrades: K-5Distance: 0.5 mi
- 4/10Holten Richmond Middle SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Danvers High SchoolGrades: 9-12Distance: 1 mi
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