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4 Butler Ave, Danvers MA 01923

$1,499,999

Estimated $3,273.91/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $299,999.80

Total Rent: 86400/year

Estimated CAP Rate: 4.30%

7 Bedrooms

5 Full Baths

4,222 SqFt

Total Parking: 7

8,999 SqFt

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*

This home has been viewed 13 times

Last Checked: December 6th, 2025 at 8:13am (Source: MLS PIN #73459936)

Gross Income: $86,400

Gross Expenses: $21,922

Net Income Calc: $64,478

CAP Rate: 4.30%

Annual Expenses for 4 Butler Ave, Danvers MA 01923

Total Gross Expenses (Calculated)$21,922/year

APOD AvailableYes

Heating

Electricity$768

Water$2,760

Gas$2,760

Insurance$4,262

Sewer$2,760

Trash Removal$2,592

Repair & Maintenance

Management

Miscellaneous$840

Real Estate Tax$10,100

Annual Income & Unit Breakdown for 4 Butler Ave, Danvers MA 01923

Total Gross Income (Calculated)$86,400

Unit 1

Rental Income$1,800

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$1,800

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,800

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$1,800

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 4 Butler Ave, Danvers MA 01923

Listing ID73459936

Property TypeMulti Family

Price$1,499,999 ($355.28/SqFt)

Style5+ Family - 5+ Units Up/down

CityDanvers

CountyEssex

MLS AreaDanvers Center

Neighborhood(s)Ipswich

Approximate Living Area Total4,222 SqFt

Approximate Lot Size (Acres)0.21 acres

Total Parking7

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor SpacePorch

ZoningR1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesScreens

Terms

Disclosures for 4 Butler Ave, Danvers MA 01923

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$10,642

Total Gross Income By Broker$111,700

Total Net Income By Broker$101,058

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 4 Butler Ave, Danvers MA 01923

Real Estate Taxes$10,100

Tax Year2025

Assessed Value$993,200

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$10,642

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$111,700

BostonRealEstate.com Gross Income

Total Net Income By Broker$101,058

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.30%

Location Information for 4 Butler Ave, Danvers MA 01923

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS AreaDanvers Center

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Marina, Private School

Contact Information for 4 Butler Ave, Danvers MA 01923

Agent

Name: Jennifer Crowe

Office

Name: Atlantic Coast Homes,Inc

Phone: 978-777-4444

Payment Calculator

, Interest

Property Taxes 841.67

Principal & Interest 9242.52

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Atlantic Coast Homes,Inc

Jennifer Crowe

Agent Phone

Office Phone

(978) 777-4444

Text Agent Call Agent Call Office

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EXIT

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4 Butler Ave, Danvers MA 01923

$1,499,999

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