8-10 & 5 Porter St Ct & Ropes Portfolio, Salem, MA 01970
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$4,200,000
12 Unit
34 Beds
12 Baths
13472 SQFT
0.40 Acre

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.

Property Details tap to expand

Building Information

  • Total Units: 12
  • Total Floors: 3
  • Total Bedrooms: 34
  • Total Full Baths: 12
  • Amenities: Medical Facility, Park, Public Transportation, Shopping
  • Basement Features: Full, Interior Access
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 999
  • Gross Expenses: 999
  • GSE: 999
  • Electric Expenses: 999
  • Water/Sewer: 1098
  • INSC: 999
  • Repairs & Maintenance: 99
  • RFS: 99
  • Management Fee: 99
  • Miscellaneous Expense: 99
  • Net Operating Income: 999

Utilities

  • Heat Zones: 8
  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: Varies per Unit, for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Brick, Stone/Concrete
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73528048
  • Last Updated: 06/06/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/06/2026Active$4,200,000$312MLSPIN
06/02/2026New$4,200,000$312MLSPIN

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Seller's Representative: Dan Pouladian, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-06-06 03:05:00