173 Water Street

Newburyport, MA 01950

$605,000
Last Sold Price
4
Beds
3
Baths
1
1/2 Bath
2,222 Sq. Ft.
$272 / Sq. Ft.
2,222
Sq. Ft.
$272
per Sq. Ft.

Description

3 unit investment property for sale in desirable south end / joppa flats area! - Walk to town! Bike to Plum Island! Well maintained. Property is a Cash Cow. Great Condo Conversion Potential. Motivated Sellers! Turn-Key 3 Family right on the Merrimac River. Views of Salisbury, Plum Island and the Merrimac River. Lots of off street parking 7+ cars. All units have been renovated and are in great condition. Washer & Dryer in each unit. Decks, Patios, and more decks. Hardwood Floors throughout. All tenants...3 unit investment property for sale in desirable south end / joppa flats area! - Walk to town! Bike to Plum Island! Well maintained. Property is a Cash Cow. Great Condo Conversion Potential. Motivated Sellers! Turn-Key 3 Family right on the Merrimac River. Views of Salisbury, Plum Island and the Merrimac River. Lots of off street parking 7+ cars. All units have been renovated and are in great condition. Washer & Dryer in each unit. Decks, Patios, and more decks. Hardwood Floors throughout. All tenants are in leases until July, August and Sept 2017 respectively! Seperate Utilities. Gross Rents are $52,800. First showing Sept 15th @11am and Sept 16th @11am. Please arrive on time as we will be walking thru the units as a group Property will not last!
  1. Listed by Stephen Martin • Lux Realty North Shore

Property Details for 173 Water Street

Town
Newburyport
MLS Area
Joppa
Area
MA-Newburyport-Joppa, MA-Newburyport
Garage Spaces
0
Parking Spaces
7.00
Parking Spaces Total
7

Location

Listing Courtesy of Lux Realty North Shore, Stephen Martin

Sold By Ian Handel Real Estate LLC, Ian Handel

Add your commute
LISTING UPDATED: 08/06/2022 06:32 AM

Property Details for 173 Water Street

StatusSold
MLS #72065785
Days on Market6
Taxes$7,559 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1850
CountyEssex County

Location

Listing Courtesy of Lux Realty North Shore, Stephen Martin

Sold By Ian Handel Real Estate LLC, Ian Handel

Add your commute

Building Information for 173 Water Street

Stories6Residences3Year Built1850Building Size-Lot Size0.14 AC / 6,030 SF

Payment Calculator

$3,932 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,302

Property Taxes

$630

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 173 Water Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Bike Path
  • Current Financing: Cash
  • Living Area: 2222.0
  • Color: yellow
  • Total Units: 3
  • Property Condition: Unit 1 Remodeled
  • Waterfront: Yes
  • Water View: Yes
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer), Unit 2(Range, Unit 3(Range, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Gas Dryer
  • Basement Features: Finished, Walk Out, Slab
  • Num of Baths: 4.0
  • Num of Full Baths: 3
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 3.50
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Hardwood, Unit 1(undefined)
  • Interior Features: Unit 1(Stone/Granite/Solid Counters, Upgraded Countertops), Unit 1 Rooms(Living Room, Kitchen, Mudroom, Office/Den), Unit 2 Rooms(Living Room, Dining Room, Family Room, Living RM/Dining RM Combo, Unit 3 Rooms(Living Room, Loft)
  • Laundry Features: Washer Hookup, Unit 2 Laundry Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Exterior Features: Balcony, Porch, Porch - Enclosed, Deck, Deck - Roof, Patio, Covered Patio/Deck
  • Lot Description: Easements, Flood Plain
  • Patio And Porch Features: Porch, Enclosed, Deck, Deck - Roof, Patio, Covered
  • Roof Material: Other
  • View: Scenic View(s)
  • View: Yes
  • Waterfront Features: Waterfront, Ocean, River, Bay, Frontage, Walk to
  • Waterview Features: Marsh, Ocean, River
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Shared Driveway, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Shared Driveway, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Unit 3(Central Air)
  • Cooling: Yes
  • Heating: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Hot Water Baseboard, Unit 3(Forced Air
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Seller is creating an easement on the property for future use
Tax Information
  • Tax ID: M:0023 B:0019 L:0000,2085619
  • Assessments: $564,500
  • Book: 29769
  • Tax Year: 2016
  • Zoning: WMD
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Slab, Irregular
  • Cooling Units: 1
  • Cooling Zones: 1
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • Electricity: $120.00
  • Annual Expenses Source: Estimated, Owner
  • GOI: $52,800.00
  • Gross Scheduled Income: $.00
  • Insurance: $2,100.00
  • GRE: $12,000
  • NOI: $40,800.00
  • Operating Expense: $12,000.00
  • WSE: $2,000.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 2
Rental Info
Rental Info
  • Total Actual Rent: $4,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1

Property History for 173 Water Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 173 Water Street

Taxable ValueLand$624,900Additions$372,500Total$997,400
Tax Record2024$9,944 ($829 / month)
Home Facts
Baths3.5Total Finished SqFt2,222 SqFtAbove Grade Finished SqFt2,222 SqFtStories2Lot Size6,030 SqFtStyleTriplexYear Built1850CountyESSEXAPNNEWP M:0023 B:0019 L:0000

Schools near 173 Water Street

This home is within Newburyport School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Francis T Bresnahan Elementary School
PublicPK to 3

Edward G. Molin Elementary School
Public4 to 5

Rupert A Nock Middle School
Public6 to 8

Newburyport High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Lux Realty North Shore, Stephen Martin

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.