53 Market St Amesbury, MA 01913
Estimated payment $20,649/month
About This Home
Turn-key 12-unit multifamily in downtown Amesbury. Main building: 11 units in a beautifully maintained Victorian-era hotel with original ornate details, plus a detached 2BR/2.5BA home (2009 conversion) with all separate utilities. Extensive capital improvements completed in recent years with no deferred maintenance—buyer can expect minimal upkeep for years ahead. Four units renovated by Ricci Design-Build in the last 5 years with high-end finishes; 4 more units plus the single family updated by prior owner. Well-maintained gas heating systems, private parking, and income-producing laundry. Quiet, responsible tenants, many long-term, ensure stable occupancy and cash flow. Desirable walkable location with on-site handyman. Fully leased, cash-flowing, and poised for further upside with some below-market rents. Financials available upon request.
Listing Agent
William Ricci
William C. Ricci Listed on: 09/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $33,748
Year Built
- Built in 1874
Lot Details
- 0.38 Acre Lot
- Corner Lot
Parking
- 12 Car Parking Spaces
Home Design
- Brick Foundation
- Stone Foundation
- Shingle Roof
- Rubber Roof
Interior Spaces
- 9,955 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 14 Bedrooms
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $2,660
- Insurance Expense $7,995
- Water Sewer Expense $7,474
- Operating Expense $25,519
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $3,299,000 | -- | $331 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73424701
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