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

Chris Kostopoulos

+1(857) 829-0282
$ 4,200,000
Est. payment /mo
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Open Wed 11AM-1PM

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

34 Beds

12 Baths

13,472 SqFt

Open House

Wed Jun 03, 11:00am - 1:00pm

UPDATED:

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 $311

MLS Listing ID 73528048

Bedrooms 34

Full Baths 12

Year Built 1915

Annual Tax Amount $35,875

Tax Year 2026

Lot Size 0.400 Acres

Acres 0.4

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

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.

Location

State MA

County Essex

Zoning R3

Direction 5-5A Ropes and 8-10 Porter Street Court. Lafayette to Washington to Ropes

Rooms

Basement Full, Interior Entry

Interior

Flooring Tile, Vinyl, Hardwood

Exterior

Garage Spaces 6.0

Community Features Public Transportation, Shopping, Park, Medical Facility

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

Roof Type Shingle,Rubber

Total Parking Spaces 33

Garage Yes

Building

Lot Description Level

Story 3

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by North Shore Realty Advisors

NEARBY SCHOOL & BUSINESS

Chris Kostopoulos

Chris Kostopoulos

Owner | License ID: BB921589

+1(857) 829-0282

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8-10 & 5 Porter St Ct & Ropes Portfolio