8-10 & 5 Porter St Ct & Ropes Portfolio, Salem, MA 01970

Salem
Local realty services provided by:Cohn & Company ERA Powered
8-10 & 5 Porter St Ct & Ropes Portfolio,Salem, MA 01970
$4,200,000
  • 34 Beds
  • 12 Baths
  • 13,472 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Wed, Jun 03
    11:00 am - 01:00 pm
Listed by: dan pouladian, sara pouladian
Office: north shore realty advisors
MLS#:73528048
Source:MLSPIN

Price summary

  • Price:$4,200,000
  • Price per sq. ft.:$311.76

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.

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Home facts

  • Year built:1915
  • Listing ID #:73528048
  • Updated:June 02, 2026 at 06:00 PM

Rooms and interior

  • Bedrooms:34
  • Total bathrooms:12
  • Full bathrooms:12
  • Rooms Total:60
  • Flooring:Hardwood, Tile, Vinyl
  • Basement Description:Full, Interior Entry
  • Living area:13,472 sq. ft.

Structure and exterior

  • Roof:Rubber, Shingle
  • Year built:1915
  • Building area:13,472 sq. ft.
  • Lot area:0.4 Acres
  • Lot Features:Level
  • Construction Materials:Brick, Stone
  • Foundation Description:Brick/Mortar, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,200,000
  • Price per sq. ft.:$311.76
  • Tax amount:$35,875 (2026)

Parking

  • Total parking spaces:27
  • Parking description:Assigned, Off Street
  • Garage:Yes
  • Garage spaces:6
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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