8-10 & 5 Porter St Ct & Ropes Portfolio Salem, MA $ 4,200,000
8-10 & 5 Porter St Ct & Ropes Portfolio
$ 4,200,000
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Open House 6/3 11am - 1pm
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8-10 & 5 Porter St Ct & Ropes Portfolio

Salem, MA, 01970
$ 4,200,000
Bedrooms34 Baths12.0 Sq 13,472

Monthly Estimate*

$ 25,860

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Multi-Family Home for sale in Salem, MA

for $4,200,000 with 34 bedrooms and 12 full baths. This 13,472 square foot home was built in 1915 on a lot size of 0.4.

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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Open House

6/3/2026 11:00 AM - 1:00 PM
8-10 & 5 Porter St Ct & Ropes Portfolio Salem, MA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 4,200,000

Bedrooms

34

Full Bath

12

Property Type

Multi-Family

Taxes

$ 35,875

Style

5+ Family - 5+ Units Up/Down

Lot Size

0.4

Year Built

1915

Town/City

Salem

County/Region

Essex

MLS | Web ID

73528048

List By
Dan Pouladian

Listing Agent

North Shore Realty Advisors

Broker

Affordability Calculator

$28,850
Per Month
90%
10%
0%
Monthly Principal & Interest
$25,860
Monthly Property Taxes
$2,990
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
6/2/2026$4,200,000 Listed Price

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8-10 & 5 Porter St Ct & Ropes Portfolio, Salem, MA, 01970 is a Multi-Family Home for sale at $4,200,000 with 13,472 sqft and a lot size of 0.4. 8-10 & 5 Porter St Ct & Ropes Portfolio has 34 bedrooms, 12.0 baths, and was built in 1915. The property's zip code is 01970 which is in Salem, MA