REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Mar

Tue

Mar

Wed

Mar

Sheena Ruggirello

Real Broker CT, LLC

sheena.ruggirellos@gmail.com +1(860) 222-4734

$3,700,000

Est. payment - /mo

34 Beds

12 Baths

13,472 SqFt

Save

OPEN HOUSE

Thu Mar 06, 11:00am - 2:00pm

UPDATED:

02/28/2025 03:38 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 13,472 sqft

Price per Sqft $274

MLS Listing ID 73339638

Bedrooms 34

Full Baths 12

Year Built 1915

Annual Tax Amount $28,941

Tax Year 2025

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

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.

Location

State MA

County Essex

Zoning R3

Direction Washington Street to Ropes Street

Rooms

Basement Full

Interior

Flooring Wood, Tile, Vinyl

Exterior

Garage Spaces 6.0

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails

Utilities Available for Gas Range, for Electric Range, Varies per Unit

Roof Type Shingle,Rubber

Total Parking Spaces 21

Garage Yes

Building

Lot Description Level

Story 5

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Read Less Info

Listed by North Shore Realty Advisors

Get More Information

Sheena Ruggirello

+1(860) 222-4734

Agent | License ID: CN234452

Agent License ID: CN234452

Quick Search

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

Sheena Ruggirello

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Get More Information