$4,200,000
8-10 & 5 Porter St Ct & Ropes Portfolio
Salem, MA, 01970
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.
Property Details
Price:
$4,200,000
MLS #:
73528048
Status:
Active
Beds:
34
Baths:
12
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Jun 2, 2026
Finished Sq Ft:
13,472
Total Sq Ft:
13,472
Lot Size:
17,611 sqft / 0.40 acres (approx)
Year Built:
1915
Units:
12
Schools
Interior
Above Grade Finished Area
13472
Bathrooms
12 Full Bathrooms
Flooring
Tile, Vinyl, Hardwood
Levels
3
Exterior
Community Features
Public Transportation, Shopping, Park, Medical Facility
Construction Materials
Brick, Stone
Covered Spaces
6
Garage Spaces
6
Green Energy Efficient
Varies per Unit
Lot Features
Level
Open Parking Spaces
21
Parking Features
Off Street, Assigned
Parking Spots
27
Parking Total
27
Roof
Shingle, Rubber
Stories
3
Window Features
Insulated Windows
Financial
Tax Year
2026
Taxes
$35,875
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…
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Map
Current real estate data for Multi Family in Salem as of Jun 20, 2026
25
Multi Family Listed
94
Avg DOM
330
Avg $ / SqFt
$1,319,988
Avg List Price
Community
- Address8-10 & 5 Porter St Ct & Ropes Portfolio Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 8-10 & 5 Porter St Ct & Ropes Portfolio Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $4,200,000 To schedule a showing of MLS#73528048 at 8-10 & 5 Porter St Ct & Ropes Portfolio in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
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.
8-10 & 5 Porter St Ct & Ropes Portfolio
Salem, MA