$990,000
5 Northern Blvd
Newbury, MA, 01951
One of the most compelling redevelopment opportunities available on Plum Island, offering ocean views & a prime location just steps to the beach, restaurants & 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 re zoning, permitting, development potential & future use. 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.
Property Details
Price:
$990,000
MLS #:
73535880
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
3 Family – 3 Units Side by Side
Neighborhood:
plumisland
Listed Date:
Jun 15, 2026
Finished Sq Ft:
1,810
Total Sq Ft:
1,810
Lot Size:
6,499 sqft / 0.15 acres (approx)
Year Built:
1930
Units:
3
Schools
Elementary School:
Newbury Element
Middle School:
Triton
High School:
Triton
Interior
Above Grade Finished Area
1810
Bathrooms
3 Full Bathrooms
Levels
3
Exterior
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
Lot Features
Cleared, Level
Open Parking Spaces
6
Parking Features
Off Street
Parking Spots
6
Parking Total
6
Stories
3
Waterfront Features
Ocean, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Financial
Tax Year
2025
Taxes
$6,261
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Newbury as of Jun 20, 2026
5
Multi Family Listed
48
Avg DOM
444
Avg $ / SqFt
$1,107,760
Avg List Price
Community
- Address5 Northern Blvd Newbury MA
- CityNewbury
- CountyEssex
- Zip Code01951
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Property Summary
- 5 Northern Blvd Newbury MA is a Multi Family for sale in Newbury, MA, 01951. It is listed for $990,000 To schedule a showing of MLS#73535880 at 5 Northern Blvd in Newbury, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Compass. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
5 Northern Blvd
Newbury, MA