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$3,700,000
31 Days On Site

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

For Sale|Multi Family|Pending
34
Beds
12
Full Baths
0
Partial Baths
13,472
SqFt
$275
/SqFt
1915
Built
County:
Essex

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5 Ropes & 8-10 Porter St Ct5 Ropes & 8-10 Porter St Ct5 Ropes & 8-10 Porter St Ct5 Ropes & 8-10 Porter St Ct
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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.

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Listing Snapshot
Price 
$3,700,000
Days On Site 
31 Days
Bedrooms 
34
Inside Area (SqFt) 
13,472 sqft
Total Baths 
12
Full Baths 
12
Partial Baths 
N/A
Lot Size 
0.4 Acres
Year Built 
1915
MLS® Number 
73339638
Status 
Pending
Property Tax 
$28,941
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Pending
a month agoListing first seen on site
General Features
Acres 
0.4
Disclosures 
Compensation Offered but Not in MLS
Foundation 
Stone
Garage 
Yes
Garage Spaces 
6
Number Of Stories 
5
Parking 
PavedShared DrivewayOff Street
Parking Spaces 
21
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
13472
SqFt Total 
13472
Water Source 
Public
Zoning 
R3
Interior Features
Appliances 
Gas Water Heater
Basement 
Full
Electric 
200+ Amp Service
Flooring 
WoodTileVinyl
Window Features 
Insulated Windows
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Exterior Features
Construction Details 
FrameBrickStone
Lot Features 
Level
Roof 
ShingleRubber
Windows/Doors 
Insulated Windows
Community Features
Community Features 
Park
Listing courtesy of Michael McCarthy of North Shore Realty Advisors



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, landlords, 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, leasing or renting 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, leasing or renting. 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.

Last checked 2025-04-01 12:22 AM UTC

Neighborhood & Commute
Source: Walkscore
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