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Investors take notice of a rare offering in downtown Salem. 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± with a rentable square footage of 13,472±. This offering includes twenty (20+) surface parking spots and 6-bay garages for additional income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and the opportunity to increase rents to market with minimal capital. The offering is near public transportation, restaurants, and many local amenities within walking distance of the subject properties.
General Information for 5 Ropes & 8-10 Porter St Ct Salem, MA 01970 |
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| Town | Salem |
| County | Essex |
| Stories | 5 |
| SQFT | 13,472 |
| Status | Under Contract |
| Listing Number | 73339638 (MLSPIN) |
Rooms Information for 5 Ropes & 8-10 Porter St Ct Salem, MA 01970 |
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Interior Information for 5 Ropes & 8-10 Porter St Ct Salem, MA 01970 |
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| Basement | Full |
| Interior Features | Wood Tile Vinyl |
Exterior Information for 5 Ropes & 8-10 Porter St Ct Salem, MA 01970 |
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| Lot Size | 0.40 acres |
| Lot Description | Level |
| Construction | Frame Brick Stone |
| Garage | 6 Car Garage |
| Parking | Spaces: 21 Paved Drive Shared Driveway Off Street |
| Lot | Level |
| Water | Public |
| Sewer | Public Sewer |
Neighborhood Information for 5 Ropes & 8-10 Porter St Ct Salem, MA 01970 |
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| Neighborhood Amenities | Public Transportation Shopping Park Walk/Jog Trails |
Miscellaneous Information for 5 Ropes & 8-10 Porter St Ct Salem, MA 01970 |
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| Year Built | 1915 |
| Association Fee | 0 |
| Taxes | $28,941 /Yr |
| Comp | Buyer Agency Compensation: Buyer Agency Compensation Type: Sub Agency Compensation: Sub Agency Compensation Type: Transaction Broker Compensation: Compensation Based On:Compensation Offered but Not in MLS Sub-Agency Relationship Offered: |
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| Condo | Data |
|---|---|
| Units | 6,553 |
| Avg Price | $1,011,211 |
| Avg Days Listed | 89 |
| Total New Listings | 37 |
| House | Data |
|---|---|
| Units | 10,994 |
| Avg Price | $1,307,816 |
| Avg Days Listed | 77 |
| Total New Listings | 17 |
| Multi-Family | Data |
|---|---|
| Units | 1,739 |
| Avg Price | $1,309,539 |
| Avg Days Listed | 104 |
| Total New Listings | 10 |
For a more detailed market analyis one of our real estate agents can provide you with a full report.
| Address | Closing Date | List Price | Closing Price | % of List Price |
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| Listing: 1 of 1 | Updated 11 minutes ago |
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
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