A rare opportunity to own 5 units, on State Street in downtown Newburyport. 3 office units located on the 2nd level w/ a common waiting room & half bath. The 3rd level is home to 2 newly renovated, soon-to-be-converted, residential lofts w/ exposed brick walls, vaulted beam ceilings, wide-pine hardwood floors & newer windows. Residential Unit #1 has 622sqft inclusive of the living room, kitchen, bathroom, sleeping loft, a stackable washer/dryer, 2 high-efficiency mini splits, & the ability to add a murphy bed in the living room for a 2nd sleeping area. Residential Unit #2 boasts 664sqft incorporating 1 bedroom, 1 sleeping loft, living room, bathroom, laundry area, kitchen (no oven) & 2-high-efficiency mini splits. No deeded parking. Own a part of history, w/ this multi-purpose, circa 1800s loft-living style property, presenting a great opportunity for investors, business owners or owner-occupants! Office #1 has a $740/Mo lease exp 12/31/24. Office #2 has a $845/Mo lease exp 1/31/25.
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Last Updated: December 21st, 2024 at 5:58am
Walk/jog Trails
Conservation Area
Highway Access
House Of Worship
Public School
Shopping
Golf
Park
Medical Facility
Laundromat
Bike Path
Public Transportation
T-station
Tennis Court(s)
Marina
Private School
General Information for 23 State Street, Newburyport, Massachusetts 01950
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,250,000
Price per sqft$501.81
MLS #73315747
Handicap Access / FeaturesNo
List Date2024-11-26
Special Listing Conditions
StateMassachusetts
Street NameState Street
CityNewburyport
Zip Code01950
CountyEssex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date31/01/2025
Property Sub TypeMulti Family
Building Area SourceOther
Building Area Total2491
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress23 State Street, Newburyport MA 01950
Zoning
Interior Features for 23 State Street, Newburyport, Massachusetts 01950
* Approx. Living Area Total2,491 sq ft
Living Area Includes BasementNo
Bedrooms3
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area DisclosureSquare footage is approximate, and includes sqft i
Living Area Includes BasementNo
Door Features
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_10
MLSPIN_BEDRMS_20
MLSPIN_BEDRMS_30
MLSPIN_BEDRMS_41
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_10
MLSPIN_F_BTHS_20
MLSPIN_F_BTHS_30
MLSPIN_F_BTHS_41
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate19/12/2024
Exterior Features for 23 State Street, Newburyport, Massachusetts 01950
* Approximate Lot Size0.07 acres
Covered Parking Spaces0
Lot FeaturesOther
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1800
Year Built Details
Year Built SourcePublic Records
Construction MaterialsBrick
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter,Brick/Mortar
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)3,088 Sqft
Disclosures for 23 State Street, Newburyport, Massachusetts 01950
Buyer Agent Compensation2
ContingencyPending P&S
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area DisclosureSquare footage is approximate, and includes sqft i
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 23 State Street, Newburyport, Massachusetts 01950
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$18,960
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT1740
MLSPIN_RENT2840
MLSPIN_RENT30
MLSPIN_RENT40
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$18,960
OperatingExpense$0
OriginalListPrice$1,250,000
RENT_FEE_INCLUDES
TOTAL_RENT1585
WaterSewerExpense$0
Lifestyle Information for 23 State Street, Newburyport, Massachusetts 01950
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 23 State Street, Newburyport, Massachusetts 01950
Elementary SchoolNewburyport
Middle SchoolNewburyport
High SchoolNewburyport
NumberOfUnitsTotal5
Marketing History for 23 State Street, Newburyport, Massachusetts 01950
MLSPIN_MARKET_TIME_BROKER24
MLSPIN_MARKET_TIME_PROPERTY24
PurchaseContractDate2024-12-05
Agent Information for 23 State Street, Newburyport, Massachusetts 01950