Sold!
$1,200,000
3
Beds
3
Baths
2,491
Living Area
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Property Description
A rare opportunity to own 5 units, on State Street in downtown Newburyport. 3 office units located on the 2nd level w/ a common waiting room & half bath. The 3rd level is home to 2 newly renovated, soon-to-be-converted, residential lofts w/ exposed brick walls, vaulted beam ceilings, wide-pine hardwood floors & newer windows. Residential Unit #1 has 622sqft inclusive of the living room, kitchen, bathroom, sleeping loft, a stackable washer/dryer, 2 high-efficiency mini splits, & the ability to add a murphy bed in the living room for a 2nd sleeping area. Residential Unit #2 boasts 664sqft incorporating 1 bedroom, 1 sleeping loft, living room, bathroom, laundry area, kitchen (no oven) & 2-high-efficiency mini splits. No deeded parking. Own a part of history, w/ this multi-purpose, circa 1800s loft-living style property, presenting a great opportunity for investors, business owners or owner-occupants! Office #1 has a $740/Mo lease exp 12/31/24. Office #2 has a $845/Mo lease exp 1/31/25.
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Highlights
- Levels: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 9
- Status: Closed
- Property Class: Residential Income
- Stories: 5
- Year Built: 1800
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Additional Details
- Construction: Brick
- Foundation: Concrete Perimeter, Brick/Mortar
- Road Frontage Type: Public
- SqFt Source: Other
- Year Built Details: Approximate
- Zoning: B2 Dod
- Flooring: Hardwood
- Lot Features: Other
- Roof: Tar/Gravel
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
- Parking Features: On Street
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Utilities
- Electric: 220 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $626,400
- Taxes: $6,245
- Tax Year: 2024
- Total Rent: $1,585
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Lyv Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
