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*
Multi-familyProperty Type
1900Year Built
8,999 sq ftLot Size
$349Price/Sq.Ft.
7 spacesParking
Listed by Jennifer Crowe• Atlantic Coast Homes,Inc
Well-maintained 5 unit investment property. This property features two 2 bedroom units and three 1 bedroom units that share coin operated washer/dryers in basement, along with 8 car parking. This property is ideally located, finding yourself just minutes from downtown Danvers, and routes 128 and 95.
Year
Property tax
Land + Additions
Assessment*
2023
$9,854 (+6.4%)
$292,700 + $545,900
$838,600
2022
$9,257 (−4.6%)
$266,600 + $464,600
$731,200
2021
$9,708 (+14.6%)
$262,600 + $464,600
$727,200
2020
$8,472 (+0.6%)
$227,500 + $421,200
$648,700
2019
$8,420 (−1.1%)
$213,300 + $420,700
$634,000
2018
$8,514 (+18.1%)
$228,700 + $400,100
$628,800
2017
$7,209 (+3.6%)
$177,800 + $330,200
$508,000
2016
$6,958 (+3.9%)
$169,500 + $320,500
$490,000
2015
$6,695 (+2.6%)
$154,100 + $294,900
$449,000
2014
$6,527 (+2.1%)
$154,100 + $285,400
$439,500
2013
$6,390 (+3.1%)
$154,100 + $285,400
$439,500
2012
$6,200 (+4.0%)
$160,000 + $285,100
$445,100
2011
$5,964 (+4.9%)
$160,000 + $285,100
$445,100
2010
$5,684 (−2.8%)
$168,300 + $296,800
$465,100
2009
$5,848
$177,700 + $344,000
$521,700
Tax history for 4 Butler Ave
Year
Property tax
Land + Additions
Assessment*
2023
$9,854 (+6.4%)
$292,700 + $545,900
$838,600
2022
$9,257 (−4.6%)
$266,600 + $464,600
$731,200
2021
$9,708 (+14.6%)
$262,600 + $464,600
$727,200
2020
$8,472 (+0.6%)
$227,500 + $421,200
$648,700
2019
$8,420 (−1.1%)
$213,300 + $420,700
$634,000
2018
$8,514 (+18.1%)
$228,700 + $400,100
$628,800
2017
$7,209 (+3.6%)
$177,800 + $330,200
$508,000
2016
$6,958 (+3.9%)
$169,500 + $320,500
$490,000
2015
$6,695 (+2.6%)
$154,100 + $294,900
$449,000
2014
$6,527 (+2.1%)
$154,100 + $285,400
$439,500
2013
$6,390 (+3.1%)
$154,100 + $285,400
$439,500
2012
$6,200 (+4.0%)
$160,000 + $285,100
$445,100
2011
$5,964 (+4.9%)
$160,000 + $285,100
$445,100
2010
$5,684 (−2.8%)
$168,300 + $296,800
$465,100
2009
$5,848
$177,700 + $344,000
$521,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Interior Features: Storage, Pantry, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Exterior
Building Information
Building Area (Total): 4,222
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Actual
Color: gray
Exterior Features
Roof: Shingle
Patio And Porch Features: Porch
Exterior Features: Garden
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Above Grade Finished Area: 4222
Levels: 5
Lot Information
Lot Size (Acres): 0.21
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $10,100
Tax Year: 2025
Utilities
Utility Information
Utilities: for Gas Range
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Has Cooling
Heating: Natural Gas, Hot Water
Cooling: Window Unit(s)
Location
Location Information
Directions: Gps to 4 Butler Ave
UnparsedAddress: 4 Butler Ave, Danvers MA 01923
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
Public facts
Beds: 7
Baths: 5.0
Sq. Ft.: 4,222
Stories: 2.0
Lot Size: 9,148 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Essex County
APN: 1877810
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Great Oak Elementary School
Public K-5 • Assigned • 0.5mi
5/10
Holten Richmond Middle School
Public 6-8 • Assigned • 0.6mi
4/10
Danvers High School
Public 9-12 • Assigned • 1.0mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
6/10 Wind Factor
68% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Danvers, MA • 01923
Average low and high temperatures (°F)
33
20
36
21
49
32
57
41
67
51
79
62
83
66
78
60
73
56
63
46
53
37
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.