Investment Opportunity
32 Market
Downtown Newburyport — Turnkey, Income-Producing, with Flexibility and Upside
32 Market Street · Newburyport, MA 01950
$3.2M
Offered At
0
Units
0 SF
Building Size
~6.0%
In-Place Cap Rate
$193,295
Current NOI
The Property
A Rare Downtown Asset in the Heart of Newburyport
Located in the heart of downtown, 32 Market Street offers a rare opportunity to own a multi-unit, 11-unit asset just steps from the waterfront, restaurants, shops, and everything that defines Newburyport living.
Currently operated as a furnished rental property, the building delivers a strong in-place income stream with consistent demand driven by its unbeatable location. The existing setup provides immediate cash flow, while still offering meaningful upside for investors looking to optimize operations or increase returns over time.
Thoughtfully maintained and improved, the property spans 5,903 square feet and features durable Hardie Plank siding, reflecting ongoing care and investment. Numerous upgrades enhance both functionality and long-term ownership appeal, minimizing near-term capital needs.
11 Units
Multi-Unit Asset
5,903 SF
Total Building
Hardie Plank
Low-Maintenance Exterior
Downtown
Steps to Waterfront
Investment Highlights
Income Today, Optionality Tomorrow
A versatile downtown asset that works on multiple levels — income today, optionality tomorrow, and long-term appreciation in one of the North Shore's most supply-constrained markets.
Strong in-place income with current NOI of $193,295 (~6.0% cap rate).
Turnkey, well-maintained asset with significant upgrades already completed.
Additional upside potential through rent optimization or repositioning.
5,903 SF building with durable, low-maintenance Hardie Plank exterior.
Prime downtown Newburyport location with consistent rental demand.
Flexible future use potential including boutique inn or condo conversion (buyer due diligence required).
Property Snapshot
The Numbers at a Glance
$3,200,000
Offered At
0
Units
0 SF
Square Footage
$193,295
Current NOI
~6.0%
In-Place Cap Rate
Full financial package available upon request for qualified buyers. Buyers to perform their own due diligence.
Gallery
Inside 32 Market
Future Potential
Multiple Paths to Value Creation
With its scale and positioning, the property lends itself to a variety of strategies. Continue as a high-performing rental, explore a boutique inn concept, or evaluate the possibility of condominium conversion.
High-Performing Rental
Continue operating as a furnished rental property with strong in-place cash flow and clear levers for rent optimization and operational efficiency.
Boutique Inn Concept
Reposition into a boutique inn capitalizing on Newburyport's year-round visitor demand, walkable downtown, and waterfront tourism.
Condo Conversion
Evaluate condominium conversion to unlock unit-level value in one of the North Shore's most supply-constrained downtown markets.
Buyers to perform their own due diligence regarding zoning, permitting, and feasibility.
The Newburyport Advantage
A Location That Drives Demand
The 32 Market Street location is what makes this asset perform. Steps from Market Square, the waterfront boardwalk, acclaimed restaurants, and boutique shops — the address itself fuels consistent year-round rental demand.
0+
Restaurants Within Walking Distance
5 min
Ride to the Beach & Plum Island
Steps
To the Playhouse, Cinema & Galleries
0 mi
Waterfront Boardwalk & Merrimack River
.jpg%3Fformat%3D400w&w=3840&q=75)
#1 Agent in Essex County 2025
Your Listing Agent
Alissa Christie
Broker/Owner · Bentley's | The RE/MAX Collection
When you list 32 Market Street, you're backed by the very best in the region. Alissa Christie is Newburyport's #1 Individual Real Estate Agent — ranked #1 in both Newburyport and Essex County by closed sales volume in 2025, and the #1 RE/MAX Agent in all of Massachusetts. A former attorney turned broker/owner, Alissa brings unmatched negotiation expertise, a network of high-net-worth and investor buyers, and a concierge-level marketing approach that consistently delivers record-setting results. With over $56 million in annual sales and 414 total transactions, her track record speaks for itself — including the highest-priced home sale in Newburyport in 2024.
$56M+
Annual Sales Volume
0
Total Transactions
0+
Years of Excellence
Qualified Buyer Inquiries
A full financial package is available to qualified buyers upon request. Complete the form below and Alissa will be in touch personally to share documents and arrange a private tour.