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Active

5 Northern Blvd, Newbury MA 01951

$990,000

Estimated $2,127/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $330,000

Total Rent: 0/year

Estimated CAP Rate:

6 Bedrooms

Baths

1810

Total Parking: 6

6,499 (0.15)

One of the most compelling redevelopment opportunities available on Plum Island, offering ocean views & a prime location just steps to the beach, restaurants & 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 re zoning, permitting, development potential & future use. 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.

This home has been viewed 7 times

Last Checked: June 20th, 2026 at 5:03am (Source: MLS PIN #73535880)

Gross Income: $0

Gross Expenses: $6,261

Net Income Calc: $6,261

Water Views

Annual Expenses for 5 Northern Blvd, Newbury MA 01951

Total Gross Expenses (Calculated)$6,261/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6261

Annual Income & Unit Breakdown for 5 Northern Blvd, Newbury MA 01951

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

General Information for 5 Northern Blvd, Newbury MA 01951

Listing ID73535880

Property TypeMulti Family / 3 Family

Price990000 ($546.96/SqFt)

Style3 Family - 3 Units Side By Side

CityNewbury

CountyEssex

MLS AreaPlum Island

Neighborhood(s)Ipswich

Approximate Living Area Total1810

Approximate Lot Size (Acres)0.15

Total Parking6

Garage Parking0

Year Built1930

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningAR4

Water ViewsYes

Water Views FeaturesBay

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 5 Northern Blvd, Newbury MA 01951

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsTree House

Financial Data Source

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 5 Northern Blvd, Newbury MA 01951

Real Estate Taxes6261

Tax Year2025

Assessed Value$840,400

Financial Data Source

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 5 Northern Blvd, Newbury MA 01951

Elementary SchoolNewbury Element

Middle SchoolTriton

High SchoolTriton

Neighborhood(s)Ipswich

MLS AreaPlum Island

Area AmenitiesWalk/jog Trails

Contact Information for 5 Northern Blvd, Newbury MA 01951

Agent

Name: The Bakhtiari Group

Office

Name: Compass

Phone: 978-248-8081

Team Members

Payment Calculator

, Interest

Property Taxes 521.75

Principal & Interest 6100.07

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

The Bakhtiari Group

Agent Phone

Office Phone

(978) 248-8081

Text Agent Call Agent Call Office

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    [unparsed] => 5 Northern Blvd, Newbury MA 01951
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EXIT

28 More Photos

Active

5 Northern Blvd, Newbury MA 01951

$990,000

Annual Expenses for 5 Northern Blvd, Newbury MA 01951

Annual Income & Unit Breakdown for 5 Northern Blvd, Newbury MA 01951

General Information for 5 Northern Blvd, Newbury MA 01951

Disclosures for 5 Northern Blvd, Newbury MA 01951

Financial Information for 5 Northern Blvd, Newbury MA 01951

Location Information for 5 Northern Blvd, Newbury MA 01951

Contact Information for 5 Northern Blvd, Newbury MA 01951

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Compass

The Bakhtiari Group