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You are here:
Home Massachusetts Newburyport Multi-Family Homes for Sale

14-18 Market St Newburyport, MA 01950

37 Days on Boston Pads
12 Photos
$1,495,000
3 Unit
7 Beds
3 Baths
3312 SQFT
0.07 Acre
14-18 Market St
Newburyport, MA 01950

Property Description

Build your legacy by being the investor who capitalizes on the historically strong and currently flourishing rental market in Newburyport - jump on this opportunity to purchase one of Newburyport’s best in-town 3-family investment property. 1031 Exchange Option! This well positioned property offers a compelling investment opportunity with a strong rental history and the potential for growth in this thriving market. The property is located in a well desired area in downtown Newburyport close to shops, restaurants and marinas and is an ideal location for tenants! The city's strong rental demand, driven by its appealing lifestyle and prime location, ensures that these units are well-positioned for continued success. Property recently went through an exterior refresh and is now ready for sale! Schedule a showing today to start building your investment portfolio in Newburyport!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 5
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 77100
  • Gross Expenses: 13200
  • Water/Sewer: 2250
  • INSC: 2700
  • Repairs & Maintenance: 2000
  • Miscellaneous Expense: 8500
  • Net Operating Income: 63900

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 1
  • Levels: 3

Construction

  • Year Built: 1780
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73291442
  • Last Updated: 10/12/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/22/2024Active$1,495,000$451MLSPIN
09/18/2024New$1,495,000$451MLSPIN
04/24/2023Killed$825,000$249MLSPIN
04/24/2023Killed$825,000$249MLSPIN
04/22/2023Under Agreement$825,000$249MLSPIN
04/20/2023New$825,000$249MLSPIN

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View Breakdown

Map & Resources

Immaculate Conception School

Private School, Grades: K-8

0.21mi

Newburyport Montessori School

Private School, Grades: PK-K

0.27mi

Newburyport Montessori School

School

0.28mi

Newburyport High School

Public Secondary School, Grades: 9-12

0.52mi

Rupert A. Nock Middle School

Grades: 7-9

0.59mi

Rupert A Nock Middle School

Public Middle School, Grades: 6-8

0.62mi

Edward G. Molin Elementary School

Public Elementary School, Grades: 4-5

0.62mi

River Valley Charter School

Charter School, Grades: K-8

0.63mi

Magma Cafe Coffee Roasters

Cafe

0.32mi

Dunkin'

Donut & Coffee Shop

0.32mi

The Jewel in The Crown

Restaurant

0.29mi

Oregano's

Pizza & Italian Restaurant

0.29mi

Loretta

American Restaurant

0.3mi

Stone Crust Artisan Pizza

Pizzeria

0.31mi

Agave Mexican Bistro

Mexican Restaurant

0.32mi

Lexie's

Burger Restaurant

0.33mi

Anna Jaques Hospital

Hospital

0.64mi

Newburyport Fire Department

Fire Station

0.46mi

Newbury Fire Department

Fire Station

1.23mi

Newburyport Police Department

Local Police

0.17mi

Arakelian Theater

Theatre

0.29mi

Screening Room

Cinema

0.32mi

Walsingham Gallery

Gallery

0.19mi

Newburyport Art Association

Gallery

0.52mi

Custom House Maritime Museum

Museum

0.39mi

Firehouse Center For The Arts

Arts Centre

0.29mi

MetroRock

Fitness Centre. Sports: Climbing

0.69mi

Clipper City Rail Trail

Park

0.01mi

Brown Square

Municipal Park

0.13mi

Cashman Park

Municipal Park

0.19mi

Bartlet Mall

Municipal Park

0.19mi

Cushing Park

Municipal Park

0.21mi

Waterfront Park

Municipal Park

0.24mi

Bradley Fuller Athletic Field

Municipal Park

0.34mi

Clipper City Rail Trail

Park

0.41mi

Ayers Playground

Playground

0.23mi

Inn Street Playground

Playground

0.3mi

Brown School Park

Playground

0.74mi

Dreadnought II

Playground

0.81mi

Newburyport High School

Recreation Ground

0.46mi

Salisbury Town Wharf

Recreation Ground

0.54mi

Bank of America

Bank

0.32mi

TD Bank

Bank

0.34mi

Institution for Savings

Bank

0.35mi

Institution For Savings

Bank

0.37mi

Newburyport Public Library

Library

0.31mi

Historical Society Of Old Newbury Library

Library

0.49mi

Rogers Medical Library

Library

0.8mi

Market Square Optical Shoppe

Optician

0.35mi

Wishbasket

Furniture

0.51mi

Richdale Convenience Store

Convenience

0.32mi

CVS Pharmacy

Pharmacy

0.37mi

Seller's Representative: Krissy Ventura, RE/MAX Bentley's
MLS ID#: 73291442

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2024-10-12 13:02:00