USAMASalem292-288 Washington St
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292-288 Washington St, Salem, MA

Real Estate

Pending

Listed price in listed location currency (USD).
$4,500,000

27198

MLS® 73452143

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 24126 sqft
Garage No
Taxes $38,616
Lot Size 0.26 acres
Approx. Age 1915
Avg. Price Per Sqft $186
MLS® Number 73452143

Property Address: 292-288 Washington St, Salem, MA, 01970-4984

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number73452143
Laundry Level
Central VacNo
FireplaceNo
Acreage0.26
Exterior
GarageNo
Approx. Age1915
Basement
DrivewayOff Street
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
-Sold Price

Pending

Nov 6, 2025List Date
$4,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
288 Washington St, Salem, MA

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