$3,700,000
5 Ropes & 8-10 Porter St Ct
Salem, MA, 01970
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.
Property Details
Price:
$3,700,000
MLS #:
73339638
Status:
Pending
Beds:
34
Baths:
12
Address:
5 Ropes & 8-10 Porter St Ct
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Salem
Listed Date:
Feb 28, 2025
State:
MA
Finished Sq Ft:
13,472
Total Sq Ft:
13,472
ZIP:
01970
Lot Size:
17,611 sqft / 0.40 acres (approx)
Year Built:
1915
Units:
12
Schools
Interior
Bathrooms
12 Full Bathrooms
Flooring
Wood, Tile, Vinyl
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails
Construction Materials
Frame, Brick, Stone
Parking Features
Paved Drive, Shared Driveway, Off Street
Parking Spots
21
Roof
Shingle, Rubber
Financial
Tax Year
2025
Taxes
$28,941
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
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Courtesy of North Shore Realty Advisors. The property listing data and information 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 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 set forth herein.
5 Ropes & 8-10 Porter St Ct
Salem, MA
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