8-10 & Ct #5, Salem, MA, 01970
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
Walker's Paradise
Some Transit
Very BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Hurricane
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $21,237 | $254,844 |
| Home Insurance * | $1,268 | $15,216 |
| Property Taxes | $3,570 | $42,840 |
| Electricity | $2,656 | $31,879 |
| Total | $28,731 | $344,772 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-02 | Listed for sale | $4,200,000 |
View on Zillow