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8-10 & 5 Porter St Ct & Ropes Portfolio, S

Active

8-10 & 5 Porter St Ct & Ropes Portfolio, S

$4,200,000

Estimated $9,800/month Calculator

Multi Family

Total Units: 12

Price Per Unit: $350,000

Total Rent: 98868/year

Estimated CAP Rate:

34 Bedrooms

Baths

13472

Total Parking: 33 (6 Garage)

17,611 (0.40)

5 Ropes Street and 8-10 Porter Street Court are two adjacent 3-story, 6-unit buildings with a total square footage of 19,720± and a rentable square footage of 13,472±. This offering includes twenty (20+) surface parking spots and 6-bay garages currently generating substantial income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and storage units per apartment for additional income. Investors will hedge any risk with multiple revenue streams within one investment opportunity. The offering is within walking distance of public transportation, restaurants, and many local amenities.

This home has been viewed 18 times

Last Checked: June 23rd, 2026 at 6:58am (Source: MLS PIN #73528048)

Gross Income: $98,868

Gross Expenses: $40,465

Net Income Calc: $58,403

Annual Expenses for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Total Gross Expenses (Calculated)$40,465/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax35875

Annual Income & Unit Breakdown for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Total Gross Income (Calculated)$98,868

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Listing ID73528048

Property TypeMulti Family

Price4200000 ($311.76/SqFt)

Style5+ Family - 5+ Units Up/down

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total13472

Approximate Lot Size (Acres)0.4

Total Parking33 (6 Garage)

Garage Parking6

Year Built1915

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area999

Foundation Description

Accessible Features

Outdoor Space

ZoningR3

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator And Some Personal Belongings

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Real Estate Taxes35875

Tax Year2026

Assessed Value$99,999

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Agent

Name: Dan Pouladian

Office

Name: North Shore Realty Advisors

Phone: 617-548-7737

Team Members

Payment Calculator

, Interest

Property Taxes 2989.58

Principal & Interest 25879.06

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

North Shore Realty Advisors

Dan Pouladian

Agent Phone

Office Phone

(617) 548-7737

Text Agent Call Agent Call Office

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    [unparsed] => 8-10 & 5 Porter St Ct & Ropes Portfolio, S
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EXIT

38 More Photos

Active

8-10 & 5 Porter St Ct & Ropes Portfolio, S

$4,200,000

Annual Expenses for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Annual Income & Unit Breakdown for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

General Information for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Disclosures for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Financial Information for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Location Information for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Contact Information for 8-10 & 5 Porter St Ct & Ropes Portfolio, S

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

North Shore Realty Advisors

Dan Pouladian