Sold
288-292 Washington St, Salem, MA
Salem · MA 01970
- $4,200,000
- Price
- 27
- Beds
- 19
- Baths
- 24126
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1915
Units:
19 Units
Lot size:
0.26 Acre Lot
Price per square foot:
$187 / Sq.Ft
Parking:
8 Off Street Spaces
About this home
Salem, MA multifamily portfolio: 19 units spanning three buildings at 288?292 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 6?8 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 market?walkable 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.
Neighborhood & Transit
288-292 Washington St, Salem · MA 01970
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 274 days
- Listing Price:
- $4,500,000
- Price per Sq.Ft:
- $187
- Tax Assessment:
- $3,742,700 in 2024
- Taxes:
- $3,218 / Monthly
Home Facts
Interior Features
- Bedrooms
- 27
- Full Bathrooms
- 19
- Half Bathrooms
- 0
- Living Area
- 24,126 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 24126
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 200 Amps, 400 Amps
Exterior Features
- Lot Size
- 11,326 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 8 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Francesca Little
- Listing office
- Little & Co., REALTORS®
- MLS PIN #
- 73452143
- Disclosure
- Total Monthly rent is $34,400. Max for MLS is $32,767.