88 Water Street
Newburyport, MA 01950

Last Updated: 12/03/20 01:29 PM | Courtesy Of: Keller Williams Realty Success
  • Square Footage 3,687
  • Lot Size
    2,614 /SQFT
  • Date Listed 11/05/20
  • Price Per Sqft $318
  • Days On Market 30

Fantastic 5 unit Mixed Use (Multi-Family/ Retail) investment property, with 4 apartments and one retail space presently fit up as a hair salon on a .06 acre lot. Current rents may be under market, and the landlord currently pays for heat, making this a possible Value Add opportunity. The property is serviced by oil-fired hot water heat, separate hot water heaters and electric meters for each unit, and city water. According to public records, the structure has clapboard siding, asphalt shingles, and plastered walls. Recent capital improvements include a new roof (2011), windows (2015), furnace (2016), and electric service (2015-2019). The salon space was updated in 2014 including their own heat pump. Street and municipal parking are available. All current tenants are TAW. All information was obtained from the owner, public records, and other sources deemed to be trustworthy. Prospective buyers are encouraged to perform all due diligence necessary to confirm measurements, zoning, suitability for the buyer's intended purpose, and all other aspects. 24-hour notice required, DO NOT approach any of the tenants.

MLS#
4837628
Property Type
Other
County
Essex
Lot Size
2,614 SQFT
Water
Community
Sewer
Community

Data provided below are primarily sourced from Public Records data.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
1 60 Liberty Newburyport 3 3 n/a 11/6/2020
2 22 Franklin St Newburyport 3 3 n/a 11/30/2020
3 159 Water Street Newburyport 2 2 n/a 10/21/2020
4 16 Ship St #16 Newburyport 2 2 n/a 9/23/2020
5 11 Federal Street Newburyport 3 4 n/a 9/22/2020
6 18 Franklin St Newburyport 3 3 n/a 9/10/2020
7 121 Water Street Newburyport 3 3 n/a 8/31/2020
8 16 Salem St Newburyport 3 2 n/a 9/18/2020
9 24 Lime St Newburyport 4 5 n/a 8/28/2020
10 12 Charles St Newburyport 4 3 n/a 8/28/2020
Tax History (Sourced from Public Records)
year Property Taxes Change Tax Assessment Change
2020 $7,676   USD 14.57% $597,800   USD 16.71%
2019 $6,700   USD 3.22% $512,200   USD 4.64%
2018 $6,491   USD 1.82% $489,500   USD 3.27%
2017 $6,375   USD 4.39% $474,000   USD 3.92%
2016 $6,107   USD 1.11% $456,100   USD 0.73%
Newburyport, MA Population & Environmental Statistics
Zip
City
County
National
17,981
17,981
781,349
328,288,910
2,154
2,154
1,586
93
2.2
2.2
2.5
2.6
49.1
49.1
42.2
38.6
$74,988
$74,988
$60,905
$50,013
$54,485
$54,485
$38,449
$30,709
105
105
112
100
Environment
Zip
City
County
National
15.6
15.6
16.83
22.6
83.5
83.5
83.35
86.1
46.88
46.88
45.79
38
Source: Sperling's Best Places
Email
Call

Ask A Question

(+1)
I have read and agree to TCPA Consent

Request A Showing

Thomas O'Leary, License 1000018, corp@realty.com, 877-673-2589, L. Custen Realty, Inc. d/b/a Realty.com, Firm License 423316, 10141 NW 59th CT, Parkland, FL 33076
Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.