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Key Details
Sold Price $1,475,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 4,222 sqft
Price per Sqft $349
MLS Listing ID 73459936
Sold Date 03/02/26
Bedrooms 7
Full Baths 5
Year Built 1900
Annual Tax Amount $10,100
Tax Year 2025
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
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*
Location
State MA
County Essex
Area Danvers Center
Zoning R1
Direction Gps to 4 Butler Ave
Rooms
Basement Full, Bulkhead, Unfinished
Interior
Interior Features Storage, Pantry, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Heating Natural Gas, Hot Water
Cooling Window Unit(s)
Flooring Wood, Vinyl, Carpet, Varies, Laminate, Hardwood
Fireplaces Number 1
Appliance Washer, Dryer, Range, Refrigerator
Exterior
Exterior Feature Garden
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
Utilities Available for Gas Range
Roof Type Shingle
Total Parking Spaces 7
Garage No
Building
Story 5
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Vincent Scifo, Jr. • Lamacchia Realty, Inc.
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