Property Search

Save
Ask
Hide
Share
$4,200,000

288-292 Washington & 5 Porter St Ct
Salem, MA 01970

Multi Family|Sold 02/03/2026
27
Beds
19
Total Baths
19
Full Baths
24,126
SqFt
$174
/SqFt
1915
Built
County:
Essex
Call Now: 781-383-5100
Is this the listing for you? We can help make it yours.
781-383-5100
Save
Ask
Hide
Share

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.

Save
Ask
Hide
Share
Listing Snapshot
Bedrooms 
27
Total Baths 
19
Full Baths 
19
Partial Baths 
N/A
Inside Area (SqFt) 
24,126 sqft
Lot Size 
0.26 Acres
Year Built 
1915
MLS® Number 
73452143
Status 
Sold
Property Tax 
$38,616
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.26
Foundation 
Stone
Number Of Stories 
4
Parking 
Off Street
Parking Spaces 
8
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Above 
24126
SqFt Total 
24126
Water Source 
Public
Zoning 
R3
Interior Features
Electric 
200+ Amp Service
Flooring 
Wood
Heating 
Oil
Save
Ask
Hide
Share
Exterior Features
Construction Details 
Brick
Lot Features 
Other
Roof 
Rubber
Community Features
Community Features 
Park
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Hide
Share