For Sale · Multi-Family
5 Northern Blvd
Newbury, MA 01951
$990,000
$547 per sq ft
- 6
- beds
- 3
- baths
- 1,810
- sq ft
Est. payment: $5,678/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 6,499
- Year Built
- 1930
- Type
- Multi-Family
- Status
- For Sale
- Property taxes (2025)
- $6,261
- Assessed value
- $840,400
- Days on Market
- 268
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.
Facts & features
Interior
- Total rooms
- 9
Systems & utilities
- Water
- Public
- Sewer
- Public Sewer
Exterior & parking
- Parking
- Off Street
- Total parking
- 6
Construction
- Foundation
- Concrete Perimeter, Slab
- Year built
- 1930
Flood risk
Location
Courtesy of Compass
MLS #: 73535880 · Updated: September 7, 2026
Listing data is provided in part by MLS PIN and PrimeMLS/NEREN and is for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed.
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