For Sale
5 Northern Blvd, Newbury, MA
Newbury · MA 01951
- $990,000
- Price
- 6
- Beds
- 3
- Baths
- 1810
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1930
Units:
3 Units
Lot size:
6,499 Sq.Ft Lot
Price per square foot:
$547 / Sq.Ft
Parking:
6 Off Street Spaces
About this home
**Seller open to seller-financing / partnership structures. One of the most compelling redevelopment opportunity available on Plum Island, with the the property offering ocean views just steps to the beach & attractions. Situated on a 6,499sqft lot with 6 off-street parking spaces, the property is a grandfathered legal 3-family structure containing ~1,810sqft of living area. 2 potential development concepts may include: (1) three luxury 2-bedroom, 1-bath condos with parking & outdoor deck space; or (2) two larger 3-bedroom luxury condos with parking & outdoor deck space. Conceptual plans are available to qualified buyers. Additional development potential and/or expanded FAR (Floor Area Ratio) may be possible through future town permitting/approvals. Buyer to perform all due diligence. Seller/Seller's agent make no representations or warranties regarding the condition of the existing structure & do not represent the building as salvageable for renovation. Property sold as-is.
Neighborhood & Transit
Plum Island
5 Northern Blvd, Newbury · MA 01951
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 142 days
- Listing Price:
- $990,000
- Price per Sq.Ft:
- $547
- Tax Assessment:
- $840,400 in 2025
- Taxes:
- $522 / Monthly
Home Facts
Interior Features
- Bedrooms
- 6
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 1,810 Sq.Ft
- Broker Disclosure about Living Area
- Buyer to do own due diligence
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 1810
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 6,499 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 6 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- The Bakhtiari Group
- Listing office
- Compass
- MLS PIN #
- 73535880
- Disclosure
- Seller's flood insurance is $1,182/year. Buyer to assume Seller's betterment balance ($10,401 as of June 2026). Seller/seller's agent make no representations or warranties. Buyer to do own due diligence.
- Disclosure
- Buyer to do own due diligence