Sold
$4,200,000on February 3, 2026
Listed at $4,500,000 · -6.7% vs list
$4,500,000
Sold288-292 Washington & 5 Porter st Ct
Salem, MA, 01970
Multi-Family · MLS #73452143
Sold $/sqft
$174
Sold in
Same day
Year built
1915
Lot size
0.26 ac
24,126 sq ft
Sq Ft
0.26 acres
Lot
1915
Year Built
Taxes: $38,616 (2024)
About this home
Salem, MA multifamily portfolio: 19 units spanning three buildings at 288292 Washington Street and 5 Porter Street Court. The package features a balanced mix of twelve (12) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom unit. Owner provides heat and hot water to tenants. The 5 Porter St Ct property includes approximately 68 off-street parking spaces for added tenant convenience. In-place rents are below current market levels, presenting a clear value-add opportunity to align rents with market and further stabilize operations over time. Set near Downtown Salem, the properties offer immediate access to a thriving year-round marketwalkable to restaurants, retail, the waterfront, museums, and the MBTA for easy Boston access. Strong demand drivers and in-town convenience support stable occupancy and long-term rent growth.
Property details
- Electric
- 200 Amps, 400 Amps
Listed by Francesca Little · Little & Co., REALTORS®
This home has sold
Sold for $4,200,000on February 3, 2026
-6.7% vs list
Showings aren't available for this property, but Antonio Illas can find you homes like this one in Salem that are still on the market.
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