Peter Saunders
REALTOR®
BEDS20
BATHS19 full 3 partial
SQUARE FEET21,319
MLS#73437514
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Discover a rare coastal investment opportunity??a renovated 18-unit boutique hotel w/ Merrimack River views, PLUS a ~10,000sqft restaurant/event venue. Located on Rings Island, this asset has a unique edge in a high-demand, limited-supply market where Newburyports STR regulations have constrained inventory, and benefits from an extensive $2M+ renovation in 2016. With professional management in place since May 2025, summer revenues surged ~88% YoY. Hotel guests enjoy walkability to downtown Newburyport & close proximately to Salisbury Beach. The hotel (Guest House Suites) features 3 Two Bedroom Suites, 2 Junior King Suites, 5 Large King Studios, 3 Standard King Studios & 5 Double Queen Studios. The restaurant (The Slip) provides a variety of options??operate existing restaurant, lease to a new owner, convert to high-end suites (w/ town approvals), etc. The property could be delivered fully furnished/equipped. This is a legacy asset where lifestyle, hospitality, & investment intersect.
Property Features
Property Type: Multi Unit - Multiple
Fireplaces: 2
Lot Size: 0.90 Acres
Stories: 3.0
Taxes: $25,729
Year Built: 1960
Feature Descriptions
Building Area Total: 21319
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 200
Dwelling Type: 5+ Family - Rooming House
Exterior: Frame
Fireplace Y/N: Yes
Lot Features: Corner Lot
Open Parking Y/N: Yes
Parcel Number: M: 7 P: 66,2144819
Parking Features: Paved Drive, Off Street, Deeded, Paved
Parking Total: 60
Patio And Porch: Deck
Rooms Total: 20
Sewer: Public Sewer
Special View Info: Scenic View(s)
Units: 18
Water: Public
Waterfront Features: Unknown To Beach
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 978-248-8081
Agent Name: The Bakhtiari Group
Shown By
Agent Name: Peter Saunders
Agent Phone: (800) 741-1540
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 14,476.01 per month $10,903.05 Principal & Interest $2,144.08 Property Tax $1,428.88 Homeowner's Insurance
175 Bridge Rd | MLS# 73437514
This multi-family property located at 175 Bridge Rd, Salisbury, MA 01952 is currently listed for sale with an asking price of $4,899,000. Search Salisbury real estate on petersaunders.masiellogrouprealestate.com today.