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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.

More Info

Basic Information

  • Lot Features Cleared, Level
  • Mls StatusActive
  • Parcel Number M:0U02 B:0000 L:00196,2081309
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $840,400
  • Tax Year 2025
  • Taxes$6,261

School Information

  • Elementary SchoolNewbury Element
  • High SchoolTriton Regional
  • High School Triton
  • Junior HighTriton

Parking

  • Parking Features Off Street
  • Parking Spaces6

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Basic Information

  • List Price$990,000
  • MLS Number73535880
  • Modification Date06/19/2026
  • Property SubType3 Family - 3 Units Side by Side

Location

  • Address5 Northern Boulevard
  • Building Number5
  • CountyEssex
  • NeighborhoodPlum Island
  • StateMA
  • StreetNorthern Boulevard
  • SubdivisionPlum Island
  • TownNewbury
  • Zip01951

Building

  • Building Area Units Square Feet
  • FoundationConcrete Perimeter, Slab
  • Levels 3
  • Rooms9
  • Stories3
  • Units3
  • Year Built1930
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.15

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Other
  • Living Area 1,810
  • Lot Size Square Feet 6,499
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet1,810

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • Stable(s)
    • T-Station
    • Tennis Court(s)
    • Walk/Jog Trails
  • Other AmenitiesGolf, Tennis

Water Body

  • Miles to Beach0.1
  • Waterfront Features Ocean, Direct Access, Walk to,0 to 1/10 Mile To Beach, Beach Ownership(Public)

Legal

  • ZoningAR4

Other

  • Date Listed06/15/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by The Bakhtiari Group of Compass

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