4 Butler Ave

$1,499,999
Price
7
Beds
4,222 Sq. Ft.
$355 / Sq. Ft.
4,222
Sq. Ft.
$355
per Sq. Ft.

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...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
  1. Listed by Jennifer Crowe • Atlantic Coast Homes,Inc

Property Details for 4 Butler Avenue

Town
Danvers
MLS Area
Danvers Center
Area
MA-Danvers-Danvers Center, MA-Danvers
Style
Garden
Garage Spaces
0
Parking Spaces
7.00
Parking Spaces Total
7
LISTING UPDATED: 12/04/2025 06:30 PM

Property Details for 4 Butler Avenue

StatusNew
MLS #73459936
Days on Market1
Taxes$10,100 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyEssex County

Location

Listing Courtesy of Atlantic Coast Homes,Inc, Jennifer Crowe
Add your commute

Building Information for 4 Butler Avenue

Stories5Residences5Year Built1900Building Size-Lot Size0.21 AC / 8,999 SF

Payment Calculator

$8,254 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,412

Property Taxes

$842

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4 Butler Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
  • Living Area: 4222.0
  • Color: gray
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Range, Refrigerator
  • Basement Features: Full, Bulkhead, Unfinished Basement
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Wood, Vinyl, Carpet, Varies, Laminate, Hardwood
  • Interior Features: Storage, Pantry, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
  • Interior Features: Window AC
  • SpaYN: No
  • Window Features: Screens
Exterior Features
  • Construction: Frame
  • Exterior Features: Garden
  • Exterior Features: Screens, Garden Area, Porch
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Leased
  • Open Parking: Yes
  • Parking Features: Paved Drive, Leased
  • Parking Features: Leased
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: AI-generated video matterport is used to remove tenants' belongings and provide space examples; room measurements are approximate.
Tax Information
  • Tax ID: M:043 L:151 P:,1877810
  • Assessments: $919,000
  • Book: 40014
  • Tax Year: 2025
  • Zoning: R1
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
  • Levels: 5
Income / Expenses
  • Electricity: $768.00
  • Annual Expenses Source: Pro. Forma Available
  • GOI: $111,700.00
  • Gross Scheduled Income: $600.00
  • Insurance: $4,262.00
  • GRE: $10,642
  • MSE: $840
  • RFS: $2,592
  • NOI: $101,058.00
  • Operating Expense: $10,642.00
  • WSE: $2,760.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $11,100.00

Property History for 4 Butler Avenue

DateEvent & SourcePriceAppreciation
Dec 4, 2025

Listed (Active)

MLS PIN #73459936

$1,499,999
Jun 24, 2021

Sold

MLS PIN #72786348

$1,100,000
Apr 13, 2021

Under Agreement

MLS PIN #72786348

Apr 13, 2021

Contingent

MLS PIN #72786348

Feb 16, 2021

Listed (Active)

MLS PIN #72786348

$1,200,000
Oct 30, 2013

Sold (Public Record)

Public Record #372199182

$510,000
DateEvent & SourcePrice
12/04/2025

Listed (Active)

MLS PIN #73459936

$1,499,999
06/24/2021

Sold

MLS PIN #72786348

$1,100,000
04/13/2021

Under Agreement

MLS PIN #72786348

04/13/2021

Contingent

MLS PIN #72786348

02/16/2021

Listed (Active)

MLS PIN #72786348

$1,200,000
10/30/2013

Sold (Public Record)

Public Record #372199182

$510,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4 Butler Avenue

Taxable ValueLand$314,000Additions$567,000Total$881,000
Tax Record2024$9,788 ($816 / month)
Home Facts
Baths5Total Finished SqFt4,222 SqFtAbove Grade Finished SqFt4,222 SqFtUnfinished Basement SqFt1,829 SqFtStories2Lot Size8,999 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningR1CountyESSEXAPNDANV M:043 L:151 P:

Schools near 4 Butler Avenue

This home is within Danvers School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Great Oak Elementary School
PublicK to 5

Holten Richmond Middle School
Public6 to 8

Danvers High School
Public9 to 12

Thorpe Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4 Butler Avenue is a multi-family home for sale in Danvers, MA 01923. This listing's school district is Danvers School District. Nearby schools include Great Oak Elementary School, Holten Richmond Middle School and Danvers High School. 4 Butler Avenue is a 7-bed, 5-bath, 4,222 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Atlantic Coast Homes,Inc, Jennifer Crowe

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.