Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

288-292 Washington & 5 Porter St Ct

Salem, MA ID #73452143

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288-292 Washington & 5 Porter St Ct

- Salem, MA ID #73452143

This listing is pending agreement.

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 Details

  • Status: CTG
  • Type: Multi-Family, 5+ Family - 5+ Units Up/Down
  • Zip Code: 01970
  • Taxes: 38,616
  • Levels: 4
  • Acres: 0.26

Parking

  • Garage Capacity: 8
  • Parking: Off Street
  • Parking Spaces: 8

Rooms/Dimensions

  • Total Units: 19
  • Total Floors: 4
  • Total Rooms: 65

Location

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Francesca Little of Little & Co., REALTORS®. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.