Newbury, MA5 Northern Boulevard, Plum Island
Price$990,000
Est. Mortgage: $/month
MLS Number 73535880
- MultiFamily
- Bedrooms 6
- Bathroom 3
- Square Feet 1,810
- Parking Spaces 6
**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.
Listed by The Bakhtiari Group and Sean Bakhtiari of Compass
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| Price | Down Payment | Interest Rate | Years |
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Est. Mortgage: $/month
Federal 30-year interest rate: 6.66% last updated on 2026-08-27
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.


