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Taylor Made Properties
288-292 Washington & 5 Porter St Ct, Salem, MA 01970
- $4,200,000
- 27
- BD
- 19
- BA
- 24,126
- SqFt
- Sold Price
- $4,200,000
- List Price
- $4,500,000
- Status
- SOLD
- MLS#
- 73452143
- Bedrooms
- 27
- Bathrooms
- 19
- Full Baths
- 19
- Living Area
- 24,126
- Lot Size (Acres)
- 0.26
- Year Built
- 1915
Property 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 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.
Additional Information
- Taxes
- $38,616
- Interior Features
- Living Room, Dining Room, Kitchen
- Parking Description
- Off Street
- Lot Description
- Other
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: from Listing Office: Little & Co., REALTORS®.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.