A modern turnkey multifamily asset in the heart of downtown Newburyport, featuring fifteen renovated studio units plus a renovated manager’s office with full shower. Updated within the last three years, each suite includes hardwood floors, tiled baths, upgraded cabinets and counters, smart-lock access, and high-speed connectivity. Units offer individually controlled, separately metered electric service with additional electric baseboard heat in each bathroom. The building also includes coin-operated washers and dryers for added convenience. Streamlined systems and low-maintenance operations support flexible use under the existing lodging license. Located in a premier walkable district near shops, dining, the waterfront, and the rail trail, this property offers exceptional appeal for long-term leasing or continued lodging-based operation 50% YOY growth. Full financials, T12 bookkeeper verified.
5,527 Sq Ft
4,380 Sq Ft Lot Size
Investment
$14,047 Annual Tax
Built in 1869
MLS/Listing ID 73450760
5 Stories
16 Units
Community - Private School
Community - Public School
Community - T-Station
Community - Walk/Jog Trails
Cooling - Common
Cooling - Individual
Deck - Vinyl
Shingle
Cooling - Unit Control
Beach Ownership - Public
Ocean
River
Community - Marina
Community - Golf
Construction - Frame
Heating - Common Heat Source
Heating - Unit Control
Heating - Wall Unit
Bathroom with Shower Stall
Upgraded Countertops
Living Room
Office/Den
Stone/Granite/Solid Countertops
Studio
Cooling - Ductless
Rain Gutters
Fenced
Natural Wood
Tile
Upgraded Cabinets
Community - Park
Community - Public Transportation
Community - Shopping
Community - Tennis Courts
Freezer
Microwave
Oven
Range
Refrigerator
Screens
Parking - Off Street
Parking - Paved
Lot - Cleared
Lot - Level
Gas Dryer Hookup
High Speed Internet
Smart Thermostat
Storage
Heating - Ductless
Heating - Electric
Heating - Individual
Concrete Perimeter
Hardwood
Community - Bike Path
Community - Highway Access
Community - House of Worship
Community - Laundromat
Community - Medical Facility