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

For Sale

$4,200,000

Smart Buyer Rebate $21,000

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.

Listed by Dan Pouladian

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North Shore Realty Advisors

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617-548-7737

Listed by Sara Pouladian

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North Shore Realty Advisors

Last updated June 06, 2026

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Source: MLSPin #73528048

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Salem
  • Bedrooms34
  • Bathrooms12
  • Days on Prevu13
  • Taxes$35,875/year
  • Size13,472 sqft
  • Price per sqft$312

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/02/2026
Listed by North Shore Realty Advisors
$4,200,000

Property Details for 8-10 & 5 Porter St Ct & Ropes Portfolio

Association

Amenities

  • Community Features: Public Transportation, Shopping, Park, Medical Facility

Exterior

Construction

  • Number Of Units Total: 12
  • Roof: Shingle, Rubber
  • Stories: 3
  • Stories Total: 3
  • Window Features: Insulated Windows
  • Year Built: 1915
  • Year Built Details: Approximate
  • Construction Materials: Brick, Stone

Features

  • Road Frontage Type: Public

Measurements

  • Building Area Total: 13,472
  • Building Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.40
  • Lot Size Area: 0
  • Lot Size Square Feet: 17,611
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $999.00
  • Operating Expense: $999.00

Taxes

  • Tax Annual Amount: $35,875.00
  • Tax Assessed Value: $99,999.00
  • Tax Year: 2026

Interior

Features

  • Flooring: Tile, Vinyl, Hardwood

Measurements

  • Living Area: 13,472
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Interior Entry
  • Bathrooms Full: 12
  • Bathrooms Total Integer: 12
  • Bedrooms Total: 34
  • Rooms Total: 60

Other

Environmental

  • Green Energy Efficient: Varies per Unit

Parking

Parking

  • Covered Spaces: 6
  • Garage Spaces: 6
  • Garage: Yes
  • Open Parking Spaces: 21
  • Parking Features: Off Street, Assigned
  • Parking Total: 27

Utilities

Equipment

  • Electric: Circuit Breakers, 200+ Amp Service
  • Sewer: Public Sewer
  • Utilities: For Gas Range, For Electric Range, Varies Per Unit
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 34 bedrooms and 12 bathrooms in this multi-family home at 8-10 & 5 Porter St Ct & Ropes Portfolio.

Does this multi-family home have parking?

Yes, there are 6 parking spaces available for 8-10 & 5 Porter St Ct & Ropes Portfolio.

What are the annual taxes for 8-10 & 5 Porter St Ct & Ropes Portfolio?

Annual taxes for this multi-family home are estimated at $35,875.

How does 8-10 & 5 Porter St Ct & Ropes Portfolio compare to other multi-family homes in South Salem?

This multi-family home is listed 114% above the average price for multi-family homes in South Salem and has been on the market for 6 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 13,472 sqft.

8-10 & 5 Porter St Ct & Ropes Portfolio is a 34-bedroom, 12-bath multi-family home for sale in Salem MA 01970. On Prevu for 13 days at $4,200,000. This home features 13,472 square feet of living space, located in South Salem. The median listing price for multi-family homes in this area is $594,950. Additional amenities include parking. View other multi-family home listings in Salem.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.