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Sold on 01/05/2026

4 Butler Ave, Danvers, MA 01923

$1,475,000

Last sold 01/05/2026 after 32 Days

  • 7

    bed

  • 5

    bath

  • 4,222

    Sqft ($349/Sqft)

Multi-family not for sale
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About 4 Butler Ave

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 8,999 Sqft
Movoto estimate
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*
Listed by
Listing Agent - Jennifer Crowe
Listing Office - Atlantic Coast Homes,Inc
Source: MLS Property Information Network, Inc. mls logo
MLS#73459936 • last updated 6 months ago
Movoto checked MLS Property Information Network, Inc. for data 8 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating Natural Gas, Hot Water
Levels/Style 5, 5
MLS # 73459936
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Up/Down
SqFt 4222
Lot Size (SqFt) 8999
Lot Size (Acres) 0.21
Annual Property Tax 10100
Year Built 1900
Interior
Total # of Bathrooms 5
# Full Baths 5
Total # of Bedrooms 7
Basement Full, Bulkhead, Unfinished
Total # of Rooms 18
Flooring Wood, Vinyl, Carpet, Varies, Laminate, Hardwood
Appliances Washer, Dryer, Range, Refrigerator
# Fireplaces 1
Interior Features Storage, Pantry, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Window Features Screens
Exterior
Foundation Stone
Roof Shingle
Construction Frame
Parking Desc Paved Drive, Leased
# Parking Spaces 7
Exterior Features Garden
Patio/ Porch Porch
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range
Water Source Public
Location
County Essex
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House Of Worship, Marina, Private School, Public School
Zoning R1
APN M:043 L:151 P:, 1877810
Directions Gps To 4 Butler Ave
Multifamily Details
Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Net Operating Income 101058
Operating Expense 10642
Total Actual Rent 11100
Financial Data Source Pro. Forma Available
Expense: Water/ Sewer 2760
Gross Income 111700
Expense: Electricity 768
Gross Scheduled Income 600
Lot/ Land Details
Road Frontage Public
$1.42M
Range: $1.25M-$1.59M
Last 30 days 
  • Mar 2026
    mls logo MLS # 73459936
  • Mar 2, 2026 Sold
    $1,475,000 (-1.7%)
  • Jan 7, 2026 Active
    —
  • Jan 5, 2026 Listed
    —
  • Dec 19, 2025 Active
    —
  • Dec 4, 2025 Listed
    $1,499,999 (+30.4%)
  • Apr 2021
    mls logo MLS # 72786348
  • Apr 12, 2021 Price Change
    $1,150,050
  • Mar 18, 2021 Price Change
    $1,150,000 (-4.2%)
  • Feb 16, 2021 Listed
    $1,200,000
  • Year Property taxes Tax assessment
  • 2025
    $10,100 +3.2%
    $919,000 +4.31%
  • 2024
    $9,788 -0.7%
    $881,000 +5.06%
  • 2023
    $9,854 +6.4%
    $838,600 +14.69%
  • 2022
    $9,257 -4.6%
    $731,200 +0.55%
  • 2021
    $9,708 +14.6%
    $727,200 +12.1%
  • 2020
    $8,472
    $648,700
  • 4 Butler Ave
    $1.47M
  • Danvers Center
    —
  • 01923
    $809K +138% y/y
  • Danvers
    $749K +11% y/y
No chart available
Statistics calculated by Movoto

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5/10
Danvers High School
public Grades 9-12
Danvers School District
Source: GreatSchools.org © 2026. All rights reserved.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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