Sold
5 Ropes & Porter St Ct, Salem, MA
Salem · MA 01970
- $3,830,000
- Price
- 34
- Beds
- 12
- Baths
- 13472
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1915
Units:
12 Units
Lot size:
0.4 Acre Lot
Price per square foot:
$275 / Sq.Ft
Parking:
6 Garage Spaces · 21 Off Street Spaces
About this home
Investors take notice of a rare offering in downtown Salem. 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? with a rentable square footage of 13,472?. This offering includes twenty (20+) surface parking spots and 6-bay garages for additional income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and the opportunity to increase rents to market with minimal capital. The offering is near public transportation, restaurants, and many local amenities within walking distance of the subject properties.
Neighborhood & Transit
5 Ropes & Porter St Ct, 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:
- 614 days
- Listing Price:
- $3,700,000
- Price per Sq.Ft:
- $275
- Tax Assessment:
- $2,540,300 in 2025
- Taxes:
- $2,412 / Monthly
Home Facts
Interior Features
- Bedrooms
- 34
- Full Bathrooms
- 12
- Half Bathrooms
- 0
- Living Area
- 13,472 Sq.Ft
- Broker Disclosure about Living Area
- Total Gross 19,720
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 13472
- 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
- 17,611 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 6 Parking Spaces
- Off Street Parking
- 21 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl, 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
- Michael McCarthy
- Listing office
- North Shore Realty Advisors
- MLS PIN #
- 73339638
- Disclosure
- Total Gross 19,720