175 Bridge Rd Salisbury, MA 01952
Estimated payment $28,492/month
Highlights
- Marina
- Community Stables
- River View
- Golf Course Community
- Medical Services
- Deck
About This Home
Discover a rare coastal investment opportunity—a renovated 18-unit boutique hotel w/ Merrimack River views, PLUS a ~10,000sqft restaurant/event venue. Located on Rings Island, this asset has a unique edge in a high-demand, limited-supply market where Newburyport’s STR regulations have constrained inventory, and benefits from an extensive $2M+ renovation in 2016. With professional management in place since May 2025, summer revenues surged ~88% YoY. Hotel guests enjoy walkability to downtown Newburyport & close proximately to Salisbury Beach. The hotel (Guest House Suites) features 3 Two Bedroom Suites, 2 Junior King Suites, 5 Large King Studios, 3 Standard King Studios & 5 Double Queen Studios. The restaurant (The Slip) provides a variety of options—operate existing restaurant, lease to a new owner, convert to high-end suites (w/ town approvals), etc. The property could be delivered fully furnished/equipped. This is a legacy asset where lifestyle, hospitality, & investment intersect.
Listing Agent
Sean Bakhtiari
Compass Listed on: 09/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,729
Year Built
- Built in 1960
Lot Details
- 0.9 Acre Lot
- Corner Lot
Property Views
- River
- Scenic Vista
Home Design
- Frame Construction
- Concrete Perimeter Foundation
Interior Spaces
- Property has 1 Level
- 2 Fireplaces
Bedrooms and Bathrooms
- 20 Bedrooms
Parking
- 60 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Deeded Parking
Outdoor Features
- Deck
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number M: 7 P: 66,2144819
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Park
- Community Stables
- Jogging Path
- Bike Trail
Additional Features
- 18 Units
- Net Operating Income $79,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,729 | $2,552,500 | $423,200 | $2,129,300 |
| 2024 | $25,677 | $2,457,100 | $423,200 | $2,033,900 |
| 2023 | $26,537 | $2,457,100 | $423,200 | $2,033,900 |
| 2022 | $27,372 | $2,457,100 | $423,200 | $2,033,900 |
| 2021 | $27,660 | $2,456,500 | $423,200 | $2,033,300 |
| 2020 | $27,996 | $2,442,900 | $423,200 | $2,019,700 |
| 2019 | $26,829 | $2,262,100 | $348,500 | $1,913,600 |
| 2018 | $26,578 | $2,256,200 | $305,500 | $1,950,700 |
| 2017 | $25,245 | $2,117,900 | $305,500 | $1,812,400 |
| 2016 | $22,855 | $1,958,400 | $305,500 | $1,652,900 |
| 2015 | $23,203 | $1,974,700 | $314,500 | $1,660,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2025 09/30/25 | For Sale | $4,999,000 | -- | $234 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $600,000 | -- | |
| Deed | $600,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,130,000 | Commercial | |
| Closed | $2,000,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73437514
APN: SALI-000007-000000-000066
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