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

25-27 Prospect Street West Newbury, MA 01985

$1,199,000
5 Unit
8 Beds
5 Baths
4237 SQFT
0.75 Acre
25-27 Prospect Street
West Newbury, MA 01985

Property Description

Possible multi-generational living with income generating units to help cover home or business expenses. Unique opportunity to own a rare antique 5 Unit Multi-Family property on a .75 Acre corner lot in desirable rural West Newbury! 4 buildings include a side-by-side Duplex home, a former chicken coop turned into a side by side 3 Family home in the 1950's & nicely updated since, a 2 story 28' x 28' gambrel Garage with its own heat, electric, Office & a 16' x 12' storage shed. 100' of street frontage on Prospect Street & 260' on Steed Ave. 3 Newly paved driveways. 8-bedroom septic system. Conservation areas & trails abound in West Newbury & it's the home of the highly sought after Page & Pentucket Middle/High Schools which have been totally renovated. Merrimack River public boat ramp only a 1/2 mile away! 3 PRIVATE SHOWING WINDOWS BY SCHEDULED APPOINTMENT ONLY respecting 5 excellent tenants: FRI 7/26 4-6pm, SAT 7/27 12-2 PM & SUN 7/28 12-2PM. Any & all offers due Tue 7/30 at 4PM.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 8
  • Total Bedrooms: 8
  • Total Full Baths: 5
  • Amenities: Conservation Area, Other (See Remarks), Park, Public School, Stables, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Sump Pump, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Mudroom, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Storage, Tile Floor
  • Common Appliances: Dishwasher, Range, Refrigerator
  • Common Heating: Electric, Electric Baseboard, Fan Coil, Forced Air, Forced Air, Oil, Oil, Propane, Radiant, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 64200
  • Gross Expenses: 11011
  • Water/Sewer: 1096
  • INSC: 4467
  • Repairs & Maintenance: 5448
  • Net Operating Income: 53189

Utilities

  • Heat Zones: 7
  • Cooling Zones: 2
  • Electric Info: 200 Amps
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: On-Site, Private Sewerage

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1850
  • Type: 5+ Family - 5+ Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Tile, Vinyl / VCT, Wall to Wall Carpet, Wood
  • Lead Paint: Yes
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73269179
  • Last Updated: 07/26/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
07/24/2024New$1,199,000$283MLSPIN

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Map & Resources

Seller's Representative: Diane Beekler, RE/MAX Bentley's
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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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 2024-07-26 09:26:00