Property Description
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.
Features
- Basement:
- Full, Interior Entry
- Parking:
- Assigned, Off Street
- Construction:
- Brick, Stone
- Flooring:
- Tile, Vinyl, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Some photos are from previous ownership. Photos are AI enhanced.
- Electric Feature:
- Circuit Breakers, 200+ Amp Service
- Garage Parking:
- 6
- Lead Paint:
- Certified Treated
Additional Information
- Market Time:
- 45
- Parking Spaces:
- 27
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $312
- Zoning:
- R3
- No Units:
- 12
- Orig Price:
- $4,200,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
Address Map
- City:
- Salem
- State:
- MA
- County:
- Essex
- Postal Code:
- 01970
- Longitude:
- W71° 6' 21.5''
- Latitude:
- N42° 30' 59.8''
Residential Income
8-10 & 5 Porter St Ct & Ropes Portfolio, Salem, Massachusetts
34 Bedrooms
12 Total Bathrooms
13,472 Sqft
$4,200,000
Listing ID #73528048
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $4,200,000
- Bedrooms :
- 34
- Rooms :
- 60
- Total Bathrooms :
- 12
- Full Bathrooms :
- 12
- Square Footage :
- 13,472 Sqft
- Year Built :
- 1915
- Lot Area :
- 0.40 Acre
- Listing ID :
- 73528048
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent
