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

Salem, MA 01970

$4,200,000

Est. $24,427/month

Beds

Baths

13,472

Sq Ft

$312

Price/Sq Ft

0.40

Acres

1915

Year Built

5+ Family - 5+ Units Up/Down

Type

5 hours 59 minutes

Time on Market

Active Open House Listed Jun 2, 2026 • MLS# 73528048 Copied!

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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Property Overview

Property Type

5+ Family - 5+ Units Up/Down

Listing Type

For Sale

Year Built

1915

Bedrooms

Full Bathrooms

Living Area

13,472 sq ft

Total Rooms

Stories

Levels

Open House Schedule

Jun

Wednesday, June 3

11:00 AM - 1:00 PM EDT

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

Interior

Heating None

Cooling None

Flooring Tile, Vinyl, Hardwood

Appliances None

Fireplace None

Basement Full, Interior Entry

Laundry None

Features None

Exterior

Construction Brick, Stone

Architecture None

Roof Shingle, Rubber

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Garage Spaces 6

Has Garage Yes

Features Off Street, Assigned

Total Spaces 27

Utilities

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

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

Location

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Neighborhood

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

Salem, MA 01970

Walkability

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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

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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.

Property History

Property Timeline

🏠

Listed for Sale

Jun 2, 2026

$4,200,000

Original listing

Agent: Dan Pouladian Office: North Shore Realty Advisors

Date	Event	Price	Change	$/sqft	Details
06/02/2026	🏠 Listed for Sale	$4,200,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jun 2, 2026	New Listing Added	$4,200,000	—

Market Statistics

Time on Market

5 hours 59 minutes

Price per Sq Ft

$312

Tax History

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

Financial Details

Annual Property Tax

$35,875

Tax Year 2026

Assessed Value

$99,999

Listing Information

Listing Agent Dan Pouladian

Listing Office North Shore Realty Advisors

Agent MLS ID NB115212

Office MLS ID AN7007

Listing Data Updated Jun 2, 2026 8:33 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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8-10 & 5 Porter St Ct & Ropes Portfolio, Salem MA 01970

About this home

Property Overview

Open House Schedule

Facts & Features

Home Facts

Interior

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Parking

Utilities

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Interior Features

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Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

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High Schools

Monthly Payment Calculator

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