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5 Ropes & 8 10 Porter St Ct

Salem, MA 01970

34 beds
12 baths
13,472 sqft
~1/2 acre lot
$284 per sqft
1915 build
– on site

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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.

Listing courtesy of MLSPIN / Michael McCarthy / North Shore Realty Advisors

Last checked: Checking… • Last updated May 6, 2025 •

MLS# 73339638 —

The Building

Year Built:

1915
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Full
Foundation Area:

99999
Foundation Details:

Stone
Door Features:

Insulated Doors
Window Features:

Insulated Windows
Patio And Porch Features:

Deck - Wood
Levels:

5
Stories Total:

5
Stories:

5
# of Units Total:

12
Building Area Total:

13472
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

54
Flooring:

Wood
Fireplace:

false

Room Dimensions

Living Area:

13472
Living Area Source:

Public Record

Location

Directions:

Washington Street to Ropes Street
Latitude:

42.516603
Longitude:

-70.894019

The Property

Property Type:

Residential Income
Property Subtype:

5+ Family - 5+ Units Up/Down
Lot Features:

Level
Lot Size Units:

Acres
Lot Size Area:

0.4
Lot Size SqFt:

17611
Lot Size Acres:

0.4
Zoning:

R3
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Book Number:

20735
Tax Annual Amount:

28941
Tax Assessed Value:

2540300

Beds

Bedrooms Total:

34

Baths

Total Baths:

12
Total Baths:

12
Full Baths:

12

The Listing

Home Warranty:

false

Utilities

Utilities:

for Gas Range
Electric:

200+ Amp Service
Sewer:

Public Sewer
Water Source:

Public
Green Energy Efficient:

Varies per Unit

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

true
Garage Spaces:

6
Parking Total:

21
Parking Features:

Paved Drive
Covered Spaces:

6
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/6/25 May 6, 2025	Sold	MLSPIN	$3,830,000	3.5%
3/11/25 Mar 11, 2025	Pending	MLSPIN	$3,700,000
2/28/25 Feb 28, 2025	Listed / Active	MLSPIN	$3,700,000

Multifamily Sold on 5/6/2025

$3,830,000

Listing provided by broker:

Michael McCarthy

North Shore Realty Advisors

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Listing Courtesy of: MLSPIN and North Shore Realty Advisors.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) 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., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

5 Ropes & 8 10 Porter St Ct

Salem, MA 01970