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5 Northern Blvd, Newbury MA 01951

$975,000

Estimated $14,007.64/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $325,000

Total Rent: 54000/year

Estimated CAP Rate: 4.10%

6 Bedrooms

3 Full Baths

9 Parking Spots

0.15 acres

Incredible opportunity for the investor or builder who wants to break into the Plum Island Market. Legal three-unit property directly across from the ocean. One of the only grandfathered three unit properties on Plum Island waiting to be redeveloped. Possibilities for this property are numerous and the potential is great. Property is being sold as is. Buyer to assume betterment.

This home has been viewed 20 times

Last Updated: March 2nd, 2025 at 6:23am

Gross Income: $54,000

Gross Expenses: $14,000

Net Income Calc: $40,000

CAP Rate: 4.10%

Waterfront

Water Views

Beach Front

Annual Expenses for 5 Northern Blvd, Newbury MA 01951

Total Gross Expenses (Calculated)$14,000/year

APOD AvailableNo

Heating$2,000

Electricity$0

Water$1,200

Gas$1,200

Insurance$2,000

Sewer$1,200

Trash Removal$400

Repair & Maintenance$400

Management$0

Miscellaneous$0

Real Estate Tax$8,000

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

Total Gross Income (Calculated)$54,000

Unit 1

Rental Income1600

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income1450

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income1450

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 5 Northern Blvd, Newbury MA 01951

Listing ID73338197

Property TypeMulti Family / 3 Family

Price$975,000 ($527.03/SqFt)

Style

CityNewbury

CountyEssex

MLS AreaPlum Island

Neighborhood(s)Ipswich

Approximate Living Area Total1,850 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking9

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year RenovatedN/A

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionSlab

Accessible Features

Outdoor SpaceEnclosed, Patio - Enclosed, Screened

ZoningRes

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontYes

Waterfront FeaturesDirect Access, Ocean, Walk To, Beach Front, 0 To 1/10 Mile To Beach, Waterfront

Energy FeaturesStorm Window(s)

Terms

Interior Features for 5 Northern Blvd, Newbury MA 01951

Disclosures for 5 Northern Blvd, Newbury MA 01951

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceAccountant

Total Gross Expenses By Broker$10,000

Total Gross Income By Broker$60,000

Total Net Income By Broker$50,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Location Information for 5 Northern Blvd, Newbury MA 01951

Elementary SchoolNewbury Element

Middle SchoolTriton

High SchoolTriton

Neighborhood(s)Ipswich

MLS AreaPlum Island

Area Amenities

Contact Information for 5 Northern Blvd, Newbury MA 01951

Agent

Name: Vincent Godin

MLS ID: CN227931

Office ID: AN4412

Phone: 561-271-5518

Address: 14 Plum Island Blvd.

City: Newbury

State: MA

Zip: 01951

Office

Name: Plum Island Properties

MLS Office ID: AN4412

Phone: 561-271-5518

Team Members

Payment Calculator

, Interest

Property Taxes $8,000

Principal & Interest 6007.64

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Plum Island Properties

Vincent Godin

Agent Phone

(561) 271-5518

Office Phone

(561) 271-5518

Text Agent Call Agent Call Office

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[googlemap_ln] => Array
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[field_3222] => Array
                (
                    [field_id] => 3222
                    [type] => text
                    [name] => ListingAgreement
                    [value] => Exclusive Right To Sell
                )

[field_3223] => Array
                (
                    [field_id] => 3223
                    [type] => date
                    [name] => ListingContractDate
                    [value] => 25/02/2025
                )

[field_3226] => Array
                (
                    [field_id] => 3226
                    [type] => area
                    [name] => LotSizeSquareFeet
                    [value] => 6,499 Sqft
                    [raw] => 6499
                    [unit_id] => 1
                )

[field_3230] => Array
                (
                    [field_id] => 3230
                    [type] => price
                    [name] => OperatingExpense
                    [raw] => 10000
                    [unit_id] => 260
                    [value] => $10,000
                    [price_only] => $10,000
                )

[field_3231] => Array
                (
                    [field_id] => 3231
                    [type] => price
                    [name] => OriginalListPrice
                    [raw] => 975000
                    [unit_id] => 260
                    [value] => $975,000
                    [price_only] => $975,000
                )

[field_3240] => Array
                (
                    [field_id] => 3240
                    [type] => text
                    [name] => UnparsedAddress
                    [value] => 5 Northern Blvd, Newbury MA 01951
                )

[field_3241] => Array
                (
                    [field_id] => 3241
                    [type] => price
                    [name] => WaterSewerExpense
                    [raw] => 1200
                    [unit_id] => 260
                    [value] => $1,200
                    [price_only] => $1,200
                )

[field_3243] => Array
                (
                    [field_id] => 3243
                    [type] => text
                    [name] => YearBuiltDetails
                    [value] => Actual
                )

[field_3245] => Array
                (
                    [field_id] => 3245
                    [type] => text
                    [name] => YearBuiltSource
                    [value] => Public Records
                )

[field_3248] => Array
                (
                    [field_id] => 3248
                    [type] => datetime
                    [name] => OriginalEntryTimestamp
                    [value] => 25/02/2025 19:34:00
                )

[field_3253] => Array
                (
                    [field_id] => 3253
                    [type] => number
                    [name] => MLSPIN_BEDRMS_1
                    [value] => 2
                )

[field_3254] => Array
                (
                    [field_id] => 3254
                    [type] => number
                    [name] => MLSPIN_BEDRMS_2
                    [value] => 2
                )

[field_3255] => Array
                (
                    [field_id] => 3255
                    [type] => number
                    [name] => MLSPIN_BEDRMS_3
                    [value] => 2
                )

[field_3260] => Array
                (
                    [field_id] => 3260
                    [type] => text
                    [name] => MLSPIN_DISCLOSURE
                    [value] => N
                )

[field_3261] => Array
                (
                    [field_id] => 3261
                    [type] => number
                    [name] => MLSPIN_F_BTHS_1
                    [value] => 1
                )

[field_3262] => Array
                (
                    [field_id] => 3262
                    [type] => number
                    [name] => MLSPIN_F_BTHS_2
                    [value] => 1
                )

[field_3263] => Array
                (
                    [field_id] => 3263
                    [type] => number
                    [name] => MLSPIN_F_BTHS_3
                    [value] => 1
                )

[field_3265] => Array
                (
                    [field_id] => 3265
                    [type] => price
                    [name] => MLSPIN_GRE
                    [raw] => 10000
                    [unit_id] => 260
                    [value] => $10,000
                    [price_only] => $10,000
                )

[field_3266] => Array
                (
                    [field_id] => 3266
                    [type] => price
                    [name] => MLSPIN_HTE
                    [raw] => 2000
                    [unit_id] => 260
                    [value] => $2,000
                    [price_only] => $2,000
                )

[field_3267] => Array
                (
                    [field_id] => 3267
                    [type] => number
                    [name] => MLSPIN_H_BTHS_1
                    [value] => 0
                )

[field_3268] => Array
                (
                    [field_id] => 3268
                    [type] => number
                    [name] => MLSPIN_H_BTHS_2
                    [value] => 0
                )

[field_3269] => Array
                (
                    [field_id] => 3269
                    [type] => number
                    [name] => MLSPIN_H_BTHS_3
                    [value] => 0
                )

[field_3273] => Array
                (
                    [field_id] => 3273
                    [type] => number
                    [name] => MLSPIN_LEVELS_1
                    [value] => 1
                )

[field_3274] => Array
                (
                    [field_id] => 3274
                    [type] => number
                    [name] => MLSPIN_LEVELS_2
                    [value] => 1
                )

[field_3275] => Array
                (
                    [field_id] => 3275
                    [type] => number
                    [name] => MLSPIN_LEVELS_3
                    [value] => 1
                )

[field_3277] => Array
                (
                    [field_id] => 3277
                    [type] => text
                    [name] => MLSPIN_MAIN_LO
                    [value] => AN4412
                )

[field_3280] => Array
                (
                    [field_id] => 3280
                    [type] => number
                    [name] => MLSPIN_MARKET_TIME_PROPERTY
                    [value] => 4
                )

[field_3281] => Array
                (
                    [field_id] => 3281
                    [type] => price
                    [name] => MLSPIN_MGF
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3282] => Array
                (
                    [field_id] => 3282
                    [type] => price
                    [name] => MLSPIN_MSE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3285] => Array
                (
                    [field_id] => 3285
                    [type] => price
                    [name] => MLSPIN_OPTIONAL_FEE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3290] => Array
                (
                    [field_id] => 3290
                    [type] => price
                    [name] => MLSPIN_PRICE_PER_SQFT
                    [raw] => 527.03
                    [unit_id] => 260
                    [value] => $527
                    [price_only] => $527
                )

[field_3292] => Array
                (
                    [field_id] => 3292
                    [type] => price
                    [name] => MLSPIN_RFS
                    [raw] => 400
                    [unit_id] => 260
                    [value] => $400
                    [price_only] => $400
                )

[field_3293] => Array
                (
                    [field_id] => 3293
                    [type] => price
                    [name] => MLSPIN_RME
                    [raw] => 400
                    [unit_id] => 260
                    [value] => $400
                    [price_only] => $400
                )

[field_3295] => Array
                (
                    [field_id] => 3295
                    [type] => select
                    [name] => MLSPIN_WATERVIEW_FLAG
                    [value] => Yes
                )

[field_3296] => Array
                (
                    [field_id] => 3296
                    [type] => select
                    [name] => OpenParkingYN
                    [value] => 1
                )

[field_3301] => Array
                (
                    [field_id] => 3301
                    [type] => select
                    [name] => RoomMasterBathroomFeatures
                    [value] => Yes
                )

[field_3303] => Array
                (
                    [field_id] => 3303
                    [type] => text
                    [name] => Co Agent Info
                    [value] => [{"id":"CN227931","name":"Vincent  Godin","phone":
                )

[field_3306] => Array
                (
                    [field_id] => 3306
                    [type] => price
                    [name] => GrossScheduledIncome
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3307] => Array
                (
                    [field_id] => 3307
                    [type] => number
                    [name] => MLSPIN_FLRS_1
                    [value] => 1
                )

[field_3308] => Array
                (
                    [field_id] => 3308
                    [type] => number
                    [name] => MLSPIN_FLRS_2
                    [value] => 1
                )

[field_3309] => Array
                (
                    [field_id] => 3309
                    [type] => number
                    [name] => MLSPIN_FLRS_3
                    [value] => 1
                )

[field_3311] => Array
                (
                    [field_id] => 3311
                    [type] => number
                    [name] => BRE_Total_Parking
                    [value] => 9
                )

[f_3313] => Array
                (
                    [field_id] => 3313
                    [type] => feature
                    [name] => WindowFeatures
                    [values] => Array
                        (
                            [0] => Storm Window(s)
                        )

)

[f_3319] => Array
                (
                    [field_id] => 3319
                    [type] => feature
                    [name] => PatioAndPorchFeatures
                    [values] => Array
                        (
                            [0] => Enclosed
                            [1] => Patio - Enclosed
                            [2] => Screened
                        )

)

[field_3320] => Array
                (
                    [field_id] => 3320
                    [type] => boolean
                    [name] => Waterfront
                    [value] => Yes
                )

)

[unit_level] => 
    [levels_in_unit] => 2025-02-25
    [construction_status] => 
    [laundry_features] => Array
        (
        )

[outdoor_space_available] => Array
        (
        )

[building_name] => 
    [pet_policy] => Array
        (
        )

[building_management] => Array
        (
        )

[number_of_units] => 3
    [units_owner_occupied] => 0
    [parking_features] => Array
        (
        )

[building_amenities] => Array
        (
        )

[owner_occupancy_source] => 
    [documents_available] => Array
        (
        )

[optional_price] => 0
    [optional_fee_includes] => Array
        (
        )

[structure_type] => Array
        (
        )

[complex_complete] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [date_available_note] => 
    [first_month_required] => Array
        (
        )

[last_month_required] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deposit_amount] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[lease_term] => Array
        (
        )

[interior_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[property_sub_type] => Array
        (
            [0] => 3 Family - 3 Units Side By Side
        )

[number_of_lots] => Array
        (
        )

[gas] => Array
        (
        )

[cultivation_acres] => None
    [pasture_area] => None
    [timber_acres] => None
    [perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [association_required] => Array
        (
        )

[view] => Array
        (
        )

[deqe] => 
    [real_estate_tax] => $8,000
    [total_gross_income] => 54000
    [total_gross_expense] => 14000
    [net_income_calc] => 40000
    [cap_rate] => 4.10%
    [apod_available] => Array
        (
            [0] => No
        )

[heating_expense] => Array
        (
            [0] => $2,000
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[water_expense] => Array
        (
            [0] => $1,200
        )

[gas_expense] => Array
        (
            [0] => $1,200
        )

[insurance_expense] => Array
        (
            [0] => $2,000
        )

[sewer_expense] => Array
        (
            [0] => $1,200
        )

[trash_expense] => Array
        (
            [0] => $400
        )

[repair_maintenance_expense] => Array
        (
            [0] => $400
        )

[management_expense] => Array
        (
            [0] => $0
        )

[miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[unit_1_rent] => Array
        (
            [0] => 1600
        )

[unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_bedrooms] => 2
    [unit_1_bathrooms] => 1 Full
    [unit_1_floor] => 1
    [unit_1_levels] => 1
    [unit_2_rent] => Array
        (
            [0] => 1450
        )

[unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_bedrooms] => 2
    [unit_2_bathrooms] => 1 Full
    [unit_2_floor] => 1
    [unit_2_levels] => 1
    [unit_3_rent] => Array
        (
            [0] => 1450
        )

[unit_3_lease] => Array
        (
        )

[unit_3_bedrooms] => 2
    [unit_3_bathrooms] => 1 Full
    [unit_3_floor] => 1
    [unit_3_levels] => 1
    [unit_4_rent] => Array
        (
        )

[unit_4_lease] => Array
        (
        )

[unit_4_bedrooms] => 
    [unit_4_bathrooms] => 
    [unit_4_floor] => 
    [unit_4_levels] => 
    [hot_water] => Array
        (
        )

[basement] => Array
        (
        )

[foundation_materials] => Array
        (
            [0] => Slab
        )

[patio_and_porch] => Array
        (
            [0] => Enclosed
            [1] => Patio - Enclosed
            [2] => Screened
        )

[zoning_details] => 
    [terms] => Array
        (
        )

[financial_data_source] => Array
        (
            [0] => Accountant
        )

[operating_expense] => Array
        (
            [0] => $10,000
        )

[gross_income] => Array
        (
            [0] => $60,000
        )

[net_operating_income] => Array
        (
            [0] => $50,000
        )

[short_sale] => 
    [price_per_unit] => 325000
)

EXIT

Active

5 Northern Blvd, Newbury MA 01951

$975,000

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

Interior Features for 5 Northern Blvd, Newbury MA 01951

Disclosures 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

Plum Island Properties

Vincent Godin