5 Northern Blvd
$990,000
6
Beds
3
Baths
1,810
Sqft
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$990,000
6
Beds
3
Baths
1,810
Living Area
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Property Description
**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.
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Highlights
- Area: Plum Island
- Parking Spots: 6
- Property Type: 3 Family - 3 Units Side by Side
- Total Rooms: 9
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1930
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Additional Details
- Foundation: Concrete Perimeter, Slab
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
- Lot Features: Cleared, Level
- SqFt Source: Other
- Year Built Details: Approximate
- Zoning: Ar4
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
- Waterfront Features: Ocean, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $840,400
- Taxes: $6,261
- Tax Year: 2025
Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
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MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.