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$4,500,000
27 Beds
19 Baths19 full baths
24,126sqft
288-292 Washington & 5 Porter St Ct, Salem, MA 01970
$4,500,000
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Multi Family
Built in 1915
$-- HOA
0.26 acre lot
$187/sq.ft
Description
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 rest...
Continue Reading- Houzeo last checked: 54 Minutes ago
- Listing updated: January 12, 2026 at 12:54 pm
- Listing Provided by: |
- Source: MLS Property Information Network-MA | MLS#: 73452143
Property Details
Status
Pending
Type
Multi Family
No. of Stories
4
County
City
Neighborhood
--
Year Built
1915
HOA Fees
-
Finished Area
24,126 sqft
Lot Size
0.26 acre lot
Basement Area
- sqft
MLS Name
MLS Property Information Network
MLS Number
73452143
MLS Status
Under Agreement
Days on Market
78
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