288-292 Washington & 5 Porter St Ct, Salem, MA, 01970
65 rooms
27 beds
19 Full baths
1915
24,126 sqft
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.
Status:
Active
Type:
Multi-family
Units:
19
Zoning:
R3
Heating:
Oil
Levels:
4
Parking:
8-car, Off Street
Acreage:
0.26
Est. Taxes:
$38,616
Assessment
$3,742,700
Construction
Brick
Utilities
for Gas Range, for Electric Range
Lot Description:
Other
Amenities:
Public Transportation, Park, T-Station
MLS #:
73452143
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Francesca Little, Little & Co., REALTORS®