$4,200,000
Active8-10 & 5 Porter St Ct & Ropes Portfolio
Salem, MA, 01970
Multi-Family · MLS #73528048
Price/sqft
$312
Days on market
10 days
Year built
1915
Lot size
0.40 ac
13,472 sq ft
Sq Ft
0.40 acres
Lot
1915
Year Built
6 car
Garage
Taxes: $35,875 (2026)
About this home
5 Ropes Street and 8-10 Porter Street Court are two adjacent 3-story, 6-unit buildings with a total square footage of 19,720± and a rentable square footage of 13,472±. This offering includes twenty (20+) surface parking spots and 6-bay garages currently generating substantial income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and storage units per apartment for additional income. Investors will hedge any risk with multiple revenue streams within one investment opportunity. The offering is within walking distance of public transportation, restaurants, and many local amenities.
Property details
- Road type
- Public
- Basement
- Full, Interior Access
- Electric
- Circuit Breakers, 200 Amps
Listed by Dan Pouladian · North Shore Realty Advisors
Schedule a showing
8-10 & 5 Porter St Ct & Ropes Portfolio
Estimated payment
$25,977 / month
Loan term
- Principal & interest
- $21,237
- Property tax
- $2,990
- Home insurance
- $1,750
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.