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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.

More Info

Basic Information

  • Gross Income $999
  • Lot Features Level
  • Mls StatusNew

Tax Information

  • Tax Assessed Value $99,999
  • Tax Year 2026
  • Taxes$35,875

Parking

  • Covered Spaces 6
  • Garage YN Yes
  • Parking Features Off Street, Assigned
  • Parking Spaces27

Rooms

  • Bathroom12
  • Bathrooms Total Decimal 12
  • Bedrooms34
  • Full Bath12

Basic Information

  • List Price$4,200,000
  • MLS Number73528048
  • Modification Date06/02/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address8-10 & 5 Porter St Ct & Ropes Portfolio
  • Building Number8-10 & 5
  • CountyEssex
  • StateMA
  • StreetPorter St Ct & Ropes Portfolio
  • TownSalem
  • Zip01970

Building

  • BasementFull, Interior Entry
  • Building Area Units Square Feet
  • Construction Materials Brick, Stone
  • Door Features Insulated Doors
  • FoundationStone, Brick/Mortar
  • Foundation Area 999
  • Garage Spaces6
  • Levels 3
  • Rooms60
  • Stories3
  • Units12
  • Utilities For Gas Range, For Electric Range, Varies Per Unit
  • Window Features Insulated Windows
  • Year Built1915
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.4

Interior

  • Flooring Tile, Vinyl, Hardwood

Exterior

  • RoofShingle, Rubber

Utilities

  • Electric Circuit Breakers,200+ Amp Service
  • Electric Expense 999
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 13,472
  • Lot Size Square Feet 17,611
  • Lot Size Units Acres
  • Square Feet13,472

Amenities

  • AmenitiesPublic Transportation, Shopping, Park, Medical Facility
  • Green Energy Efficient Varies per Unit
  • Other AmenitiesBasement

Legal

  • ZoningR3

Other

  • Date Listed06/02/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Dan Pouladian of North Shore Realty Advisors

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