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404 E. Locust St. is a four-unit (quad) property in Butler that has been gutted to the studs and is ready for a rebuild. Following a prior fire, the structure now offers new owners a clean slate to redesign and finish the property to their vision, creating a high-quality rental asset. With other rental properties in the surrounding area proving to be profitable and income-generating, this quad presents a strong value-add opportunity. In its current state, the property has significant upside potential for investors willing to complete the renovation and bring it back as a desirable, cash-flowing rental in the Butler market.
| DAYS ON MARKET | 17 | LAST UPDATED | 12/29/2025 |
|---|---|---|---|
| YEAR BUILT | 1880 | COMMUNITY | City of But NE |
| COUNTY | Butler | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AREA | City of But NE |
|---|---|
| LOT | 4356 sq ft |
| LOT DIMENSIONS | 0.1 |
| STYLE | Fourplex |
| TAXES | 633 |
| ZONING | RES |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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