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 Newburyport’s 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.
Under contract
Price cut: $100K (3/17)
$4,899,000
175 Bridge Rd, Salisbury, MA 01952
20beds
21,319sqft
Est.:
5+ Family - Rooming House
Built in 1960
-- sqft lot
$-- Zestimate®
$230/sqft
$-- HOA
What's special
Merrimack river views
- 184 days |
- 797 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: March 31, 2026 at 09:19am
Listed by:
The Bakhtiari Group 603-560-5357,
Compass 978-248-8081,
Sean Bakhtiari 603-560-5357
Source: MLS PIN,MLS#: 73437514
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 22
- Full bathrooms: 19
- 1/2 bathrooms: 3
Features
- Has basement: No
- Number of fireplaces: 2
Interior area
- Total structure area: 21,319
- Total interior livable area: 21,319 sqft
- Finished area above ground: 21,319
- Finished area below ground: 11,120
Property
Parking
- Total spaces: 60
- Parking features: Paved Drive, Off Street, Deeded, Paved
- Uncovered spaces: 60
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Scenic View(s), Water, River
- Has water view: Yes
- Water view: River,Water
- Waterfront features: Unknown To Beach
Lot
- Size: 0.9 Acres
- Features: Corner Lot
Details
- Parcel number: M: 7 P: 66,2144819
- Zoning: C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - Rooming House
Materials
- Frame
- Foundation: Concrete Perimeter
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
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
Location
- Region: Salisbury
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $2,552,500
- Annual tax amount: $25,729
- Date on market: 9/30/2025
- Total actual rent: 6600
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Contingent | $4,899,000$230/sqft |
Source: MLS PIN #73437514 Report a problem | ||
| 3/17/2026 | Price change | $4,899,000-2%$230/sqft |
Source: MLS PIN #73437514 Report a problem | ||
| 9/30/2025 | Listed for sale | $4,999,000$234/sqft |
Source: MLS PIN #73437514 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$29,312/mo
Principal & interest
$25311
Property taxes
$4001
More affordability tools
Climate risks
Neighborhood: 01952
Nearby schools
GreatSchools rating
- 6/10Salisbury Elementary SchoolGrades: PK-6Distance: 2.6 mi
- 6/10Triton Regional Middle SchoolGrades: 7-8Distance: 5.6 mi
- 6/10Triton Regional High SchoolGrades: 9-12Distance: 5.6 mi
Local experts in 01952
- Massachusetts
- Essex County
- Salisbury
- 01952
- 175 Bridge Rd
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