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. Two potential development concepts (with town approvals) may include: (1) three luxury 2-bedroom, 1-bath condos with ~600sqft of heated living space, two-car parking & ~475sqft of outdoor deck space; or (2) two larger luxury condos with ~900sqft of heated living space, 2-car parking & ~750 sqft. of outdoor deck space. Conceptual plans available upon request to qualified buyers. Buyer to perform all due diligence re zoning, permitting, redevelopment 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.
Listed by Sean Bakhtiari
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Compass
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603-560-5357
Listed by The Bakhtiari Group
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Compass
Last updated June 15, 2026
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Source: MLSPin #73535880
Listing Facts
TypeMulti-family
NeighborhoodPlum Island
Bedrooms6
Bathrooms3
Days on Prevu1
Taxes$6,261/year
Size1,810 sqft
Price per sqft$547
Amenities
Parking
Location
Mortgage Calculator
Listing History
06/15/2026
Listed by Compass
$990,000
Property Details for 5 Northern Blvd
Association
Amenities
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
Exterior
Construction
Number Of Units Total: 3
Stories: 3
Stories Total: 3
Year Built: 1930
Year Built Details: Approximate
Features
Road Frontage Type: Public
Waterfront Features: Ocean, Direct Access, Walk To, 0 To 1/10 Mile To Beach, Beach Ownership(Public)
Measurements
Building Area Total: 1,810
Building Area Units: Square Feet
Lot Features: Cleared, Level
Lot Size Acres: 0.15
Lot Size Area: 0
Lot Size Square Feet: 6,499
Lot Size Units: Acres
Financial
Taxes
Parcel Number: M:0U02 B:0000 L:00196,2081309
Tax Annual Amount: $6,261.00
Tax Assessed Value: $840,400.00
Tax Year: 2025
Interior
Measurements
Living Area: 1,810
Living Area Source: Other
Rooms
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 6
Rooms Total: 9
Parking
Parking
Open Parking Spaces: 6
Parking Features: Off Street
Parking Total: 6
Schools
Elementary School
Elementary School: Newbury Element
High School
High School: Triton
Middle or Junior School
Middle Or Junior School: Triton
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 6 bedrooms and 3 bathrooms in this multi-family home at 5 Northern Blvd.
What schools are nearby to 5 Northern Blvd?
Nearby schools include the Newbury Element Elementary School, Triton Middle School, and Triton High School.
Does this multi-family home have parking?
Yes, there are 6 parking spaces available for 5 Northern Blvd.
What are the annual taxes for 5 Northern Blvd?
Annual taxes for this multi-family home are estimated at $6,261.
How does 5 Northern Blvd compare to other multi-family homes in Plum Island?
This multi-family home is listed 20% below the average price for multi-family homes in Plum Island and has been on the market for 120 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 1,810 sqft.
5 Northern Blvd is a 6-bedroom, 3-bath multi-family home for sale in Newbury MA 01951. Available on Prevu for 1 days at $990,000. This property features 1,810 square feet of living space, located in Plum Island. The median listing price for multi-family homes in this area is $1,499,000. Nearby schools include Newbury Element Elementary School, Triton Middle School, and Triton High School. Property amenities include parking. Browse more multi-family home listings in Essex County.
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