Unit Information
A modern turnkey multifamily asset in the heart of downtown Newburyport, featuring fifteen renovated studio units plus a renovated manager’s office with full shower. Updated within the last three years, each suite includes hardwood floors, tiled baths, upgraded cabinets and counters, smart-lock access, and high-speed connectivity. Units offer individually controlled, separately metered electric service with additional electric baseboard heat in each bathroom. The building also includes coin-operated washers and dryers for added convenience. Streamlined systems and low-maintenance operations support flexible use under the existing lodging license. Located in a premier walkable district near shops, dining, the waterfront, and the rail trail, this property offers exceptional appeal for long-term leasing or continued lodging-based operation.Over $650,000 in gross revenue over the last operating year, reflecting over 50% YOY growth. Full financials, T12 bookkeeper verified.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Zip Code: 01950
- Levels: 5
- Parking
- Garage Capacity: 6
- Parking: Paved Drive, Off Street
- Parking Spaces: 6
- Rooms and Dimensions
- Total Units: 16
- Total Floors: 5
- Total Rooms: 16
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$3,600,000
- Listing ID: 73450760
- Bedrooms: 16
- Full Baths: 16
- Living Area: 5,527 sqft Convert
- Lot Size: 4,380 sqft Convert
- Acres: 0.1
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |