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6 Beds
3 Baths
1,810 sqft

$990,000

5 Northern Blvd, Newbury MA, 01951

Price per sqft$546.96
Built in1930
Property size1,810 sqft
Property typeMulti-family

Overview

Active

Listed Jun 15, 2026

Updated 2 weeks ago

**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.

$6,586/mo

Est. mortgage payment based on a $990,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73535880

Interior Features

Bedrooms
6
Bathrooms
3
Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Taxes
$6,261
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by The Bakhtiari Group with Compass

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Data last updated 4:28 AM UTC, 9/8/2026

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