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288-292 Washington & 5 Porter St Ct

salem, MA 01970

$4,500,000

  • 27 BR
    19 BA
    APPROX. 24,126 SF

INTERESTED? LET'S CONNECT

Salem, MA multifamily portfolio: 19 units spanning three buildings at 288–292 Washington Street and 5 Porter Street Court. The package features a balanced mix of twelve (12) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom unit. Owner provides heat and hot water to tenants. The 5 Porter St Ct property includes approximately 6–8 off-street parking spaces for added tenant convenience. In-place rents are below current market levels, presenting a clear value-add opportunity to align rents with market and further stabilize operations over time. Set near Downtown Salem, the properties offer immediate access to a thriving year-round market—walkable to restaurants, retail, the waterfront, museums, and the MBTA for easy Boston access. Strong demand drivers and in-town convenience support stable occupancy and long-term rent growth.

Details

24,126 Sq Ft

0.26 Private Acres Lot Size

Investment

$38,616 Annual Tax

Built in 1915

MLS/Listing ID 73452143

4 Stories

19 Units

Amenities & Features

Parking - Off Street

Rubber

Community - Public Transportation

Dining Room

Living Room

Community - Park

Community - T-Station

Construction - Brick

Natural Wood

Stone

Heating - Oil

MLSPIN

estimate my mortgage

TOTAL MONTHLY COST

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  • PRINCIPAL & INTEREST

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  • PROPERTY TAXES

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  • COMMON CHARGES

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HOME PRICE
DOWN PAYMENT
term
INTEREST

Interested in 288-292 Washington & 5 Porter St Ct?