4 Butler Ave - Apartments FOR SALE


Danvers, MA 01923- Danvers MA
$1,499,999 USD
978-505-1158
4 Butler Ave, Danvers, MA for Sale
$1,499,999 USD
Apartments - FOR SALE
1/6
null | 5.29% Cap Rate

4 Butler Ave
Danvers, MA 01923
Danvers MA


HIGHLIGHTS

  • Walk to downtown, resturants, coffee shops, and public transportation
  • 3 of the 5 units have been renovated
  • 9 off street parking spots for tenants and guests

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$367 USD /SF

# OF UNITS

5

PRICE/UNIT

$300,000

CAP RATE

5.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,656 SF

ZONING

R1

APN/PARCEL ID

DANV-000043-000000-000151

ASK ABOUT THIS PROPERTY

Jennifer CroweAtlantic Coast HomesMore Info
978-505-1158

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Jennifer CroweAtlantic Coast HomesMore Info
978-505-1158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.