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Properties

  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
  • 288-292 Washington & 5 Porter St Ct, Salem, Massachusetts, 27 Bedrooms Bedrooms, 65 Rooms Rooms,19 BathroomsBathrooms,Residential Income,For Sale,Washington & 5 Porter St Ct,73452143
Property Description

Salem, MA multifamily portfolio: 19 units spanning three buildings at 288–292 Washington Street and 5 Porter Street Court. The package features a balanced mix of twelve (12) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom unit. Owner provides heat and hot water to tenants. The 5 Porter St Ct property includes approximately 6–8 off-street parking spaces for added tenant convenience. In-place rents are below current market levels, presenting a clear value-add opportunity to align rents with market and further stabilize operations over time. Set near Downtown Salem, the properties offer immediate access to a thriving year-round market—walkable to restaurants, retail, the waterfront, museums, and the MBTA for easy Boston access. Strong demand drivers and in-town convenience support stable occupancy and long-term rent growth.

Features
Heating System:
Oil
Parking:
Off Street
Construction:
Brick
Flooring:
Wood
Sewer:
Public Sewer
Water:
Public
Disclosure:
verification of condition & contract terms prior to closing., Ring doorbell on the property audio and video. Jacuzzi will remain, washer and dryer are negotiable
Electric Feature:
200+ Amp Service
Garage Parking
Interior Features:
Kitchen, Dining Room, Living Room
Lead Paint:
Unknown
Rent Fee Includes:
Unit 2(heat, Hot Water), Unit 1(heat
Additional Information
Market Time:
48
Parking Spaces:
8
Tax Year:
2024
Status:
Closed
Price Per Sqft:
$174
Zoning:
R3
No Units:
19
Orig Price:
$4,500,000
LEASE:
No
Waterfront:
No
MlsStatus:
Sold
Address Map
City:
Salem
State:
MA
County:
Essex
Postal Code:
01970
Longitude:
W71° 6' 24.1''
Latitude:
N42° 30' 59.9''
  • Google Map

Residential Income

288-292 Washington & 5 Porter St Ct, Salem, Massachusetts

27 Bedrooms
19 Total Bathrooms
24,126 Sqft
$4,500,000
Listing ID #73452143
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$4,500,000
Bedrooms :
27
Rooms :
65
Total Bathrooms :
19
Full Bathrooms :
19
Square Footage :
24,126 Sqft
Year Built :
1915
Lot Area :
0.26 Acre
Listing ID :
73452143
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Agent info
Robb Enterprises
  • Stephen E. Robb
  • View website
  • 617-212-0251
  • srobb@robbenterprises.com

Contact Agent

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.

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