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

Salem, MA 01970
$4,200,000
Est. $24,427/month
34
Beds
12
Baths
13,472
Sq Ft
$312
Price/Sq Ft
0.40
Acres
1915
Year Built
6
Garage Spaces
45
Days on Market
Active Listed Jun 2, 2026 • MLS# 73528048 Copied! • Updated Jul 17, 2026

About this home

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.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jun 2, 2026
$4,200,000
Original listing
Agent: Dan Pouladian Office: North Shore Realty Advisors

Tax History

Year Taxes Assessment
2026 $35,875 $99,999

Financial Details

Annual Property Tax
$35,875
Tax Year 2026
Assessed Value
$99,999

Facts & Features

6 Car Garage

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1915
Living Area 13,472 sq ft
Lot Size 0.40 acres
Bedrooms 34
Full Baths 12
Total Rooms 60

Investment Metrics

Units 12
Unit 1 Rent $2,800/mo · Y
Unit 2 Rent $3,085/mo · Y
Unit 3 Rent $2,354/mo
Total Monthly Rent $8,239/mo
Gross Income $999
Net Operating Income $999
Operating Expenses $999
Water/Sewer Expense $1,098
Electric Expense $999
Insurance Expense $999
Cap Rate 0.02%
Heating None
Cooling None
Flooring Tile, Vinyl, Hardwood
Appliances None
Fireplace None
Basement Full, Interior Entry
Laundry None
Features None
Construction Brick, Stone
Architecture None
Roof Shingle, Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 6
Has Garage Yes
Features Off Street, Assigned
Total Spaces 27
Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, Varies Per Unit

Financial

Annual Tax $35,875
Assessed Value $99,999
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures 2 Buildings Adjacent To Each Other $32767 Is Max Allowed Within Mls Per Month.
Possession None
Accepted Financing None
Structure Type []
House Color Yellow
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 45 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1915
Bedrooms
34
Full Bathrooms
12
Living Area
13,472 sq ft
Total Rooms
60
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Vinyl, Hardwood
Appliances:
Interior Features:
Windows: Insulated Windows
Basement: Full, Interior Entry
Laundry:
Security:

Construction & Materials

Year Built: 1915
Structure Type:
Exterior Materials: Brick, Stone
Roof: Shingle, Rubber
Foundation: Stone, Brick/Mortar
Stories: 3

Heating, Cooling & Utilities

Heating:
Heating Zones: 8
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features: Varies per Unit

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Garage Spaces: 6
Total Parking Spaces: 27
Parking Features: Off Street, Assigned

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $2,990
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

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

Salem, MA 01970

Listing Information

Listing Agent Dan Pouladian
Listing Office North Shore Realty Advisors
Office Phone 617-548-7737
Agent MLS ID NB115212
Office MLS ID AN7007
Listing Data Updated Jul 17, 2026 9:28 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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