




8-10 & Ct #5, Salem, MA, 01970
34beds
12baths
13,472sqft
$4,200,000
$312price/sqft
$28,731/moest. monthly cost
$1,149,240/yrincome needed
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.
Getting Around
95
39
73
Schools
5/10
--
6/10
Construction
Condition
- Year built: 1915
Materials
- Foundation: Stone,Brick/Mortar
- Roof: Shingle,Rubber
- Construction materials: Brick,Stone
Type & Style
- Home type: MultiFamily
- Property subType: 5+ Family - 5+ Units Up/Down
Interior
Basement
- Has basement: Yes
- Basement: Full,Interior Entry
Bedrooms & Bathrooms
- Bedrooms: 34
- Bathrooms: 12
- Full bathrooms: 12
Features
- Door features: Insulated Doors
- Window features: Insulated Windows
- Flooring: Tile,Vinyl,Hardwood
- Finished area above ground: 13,472
Interior Area
- Total structure area: 13,472
- Total interior livable area: 13,472 sqft
Property
Details
- Zoning: R3
- Foundation area: 999
Lot
- Lot size: 0.40 Acres
- Features: Level
Parking
- Total spaces: 27
- Parking features: Off Street,Assigned
- Has garage: Yes
- Attached garage spaces: 6
- Covered spaces: 6
- Uncovered spaces: 21
