For Sale · Multi-Family
8-10 & 5 Porter St Ct & Ropes Portfolio
Salem, MA 01970
$4,200,000
$312 per sq ft
- 34
- beds
- 12
- baths
- 13,472
- sq ft
Est. payment: $24,377/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 17,611
- Year Built
- 1915
- Type
- Multi-Family
- Status
- For Sale
- Property taxes (2026)
- $35,875
- Assessed value
- $99,999
- Days on Market
- 45
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.
Facts & features
Interior
- Total rooms
- 60
- Flooring
- Tile, Vinyl, Hardwood
- Basement
- Full, Interior Entry
Systems & utilities
- Water
- Public
- Sewer
- Public Sewer
- Electric
- Circuit Breakers, 200+ Amp Service
- Utilities
- for Gas Range, for Electric Range, Varies per Unit
Exterior & parking
- Parking
- Off Street, Assigned
- Garage spaces
- 6
- Total parking
- 27
Construction
- Construction materials
- Brick, Stone
- Foundation
- Stone, Brick/Mortar
- Roof
- Shingle, Rubber
- Year built
- 1915
Flood risk
Location
Courtesy of North Shore Realty Advisors
MLS #: 73528048 · Updated: July 17, 2026
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