Off Market

8-10 & 5 Porter St Ct, Salem, MA

Salem · MA 01970

$4,200,000
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: $312 / Sq.Ft
Parking: 6 Garage Spaces · 21 Off Street Spaces

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.

Neighborhood & Transit

8-10 & 5 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:
155 days
Listing Price:
$4,200,000
Price per Sq.Ft:
$312
Tax Assessment:
$99,999 in 2026
Taxes:
$2,990 / Monthly

Home Facts

Interior Features

Bedrooms
34
Full Bathrooms
12
Half Bathrooms
0
Living Area
13,472 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
13472
Flooring
Unknown
Lead paint
Certified Treated

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Circuit Breakers, 200 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
Dan Pouladian
Listing office
North Shore Realty Advisors
MLS PIN #
73528048
Disclosure
2 Buildings adjacent to each other $32767 is max allowed within MLS per Month.