$1,495,000

14-18 Market St Newburyport, MA 01950

Estimated payment $8,667/month

Total Views 23,413
7 Beds
3 Baths
3,312 Sq Ft
$451 Price per Sq Ft

Highlights

  • Marina
  • Medical Services
  • Wood Flooring
  • Newburyport High School Rated A-
  • Property is near public transit
  • 4-minute walk to Waterfront Park

About This Home

Build your legacy by being the investor who capitalizes on the historically strong and currently flourishing rental market in Newburyport - jump on this opportunity to purchase one of Newburyport’s best in-town 3-family investment property. 1031 Exchange Option! This well positioned property offers a compelling investment opportunity with a strong rental history and the potential for growth in this thriving market. The property is located in a well desired area in downtown Newburyport close to shops, restaurants and marinas and is an ideal location for tenants! The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these units are well-positioned for continued success. Property recently went through an exterior refresh and is now ready for sale! Schedule a showing today to start building your investment portfolio in Newburyport!

Listing Agent

Krissy Ventura

RE/MAX Bentley's Listed on: 04/10/2025

RE/MAX Bentley's

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,419

Year Built

  • Built in 1780

Lot Details

  • 3,000 Sq Ft Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,312 Sq Ft Home
  • Living Room
  • Dining Room
  • Home Office
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Bresnahan Elementary School
  • Ra Nock Middle School
  • NHS High School

Listing and Financial Details

  • Assessor Parcel Number M:0047 B:0056 L:0000,2087455

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $2,700
  • Water Sewer Expense $2,250
  • Operating Expense $13,200
  • Net Operating Income $63,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,419

Year Built

Built in 1780

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1780
  • Levels: 5
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Wood, Carpet, Varies
  • Interior Amenities: Living Room, Dining Room, Kitchen, Laundry Room, Office/Den
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Above Grade Finished Sq Ft: 3312
  • Living Area: 3312
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN8279
  • LIST PRICE PER Sq Ft: 451.39
  • PRICE PER Sq Ft: 451.39

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2250

Lot Info

  • Parcel Number: M:0047 B:0056 L:0000,2087455
  • Zoning: 1050
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3000
  • Lot Size Units: Acres
  • PAGE: 543

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8419
  • Tax Book Number: 41585

Multi Family

  • Gross Income: 77100
  • Insurance Expense: 2700
  • Net Operating Income: 63900
  • Number Of Units Total: 3
  • Operating Expense: 13200
  • Total Actual Rent: 7400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 3
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 2

MLS Schools

  • High School: Nhs
  • Elementary School: Bresnahan
  • Middle Or Junior School: Ra Nock

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $1,495,000 0.0% $451 / Sq Ft
06/15/2025 06/15/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $1,495,000 -- $451 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73357888

MLS Property Information Network (MLS PIN)