288-292 Washington & 5 Porter St Ct, Salem, MA 01970
- 27 beds |
- 19 baths |
- 24,126 sqft
Multi-Family Home 
Built in 1915 
0.26acre lot
—— car garage 
$187/sqft 
Listed 26 days ago
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.
- Listing Status:
- Active
- Date Added:
- November 6, 2025 at 06:00AM
- Listing Office:
- Little & Co., REALTORS : 978-745-4447
- Listing Agent:
- Francesca Little : 978-973-7277
- MLS ID:
- 73452143
- Parking: Off Street
- Roofing: Rubber
- General: Brick4Stone
- Originating MLS: MLS Property Information Network
- County: Essex
- Zoning: R3
- Utilities: for Gas Rangefor Electric Range200+ Amp Service
- Water: Public
- Sewer: Public Sewer
- Source: MLS Property Information Network
This listing courtesy of Francesca Little, Little & Co., REALTORS
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Saltonstall School
211 Lafayette St, Salem, MA, 01970
Grades KG-8
0.24 miles away
Saltonstall School
211 Lafayette St, Salem, MA, 01970
Grades KG-8
0.24 miles away
New Liberty Innovation School
2 E India Square Mall Ste 200, Salem, MA, 01970
Grades 9-12
0.39 miles away