About this home
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.
Listing last checked: Listing updated:
Listed by The Bakhtiari Group · Compass · MLS #73437514
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Details at a glance
Interior3 property facts
- Rooms
- 20
- Basement
- Not reported
- Fireplaces
- 2
Building4 property facts
- Style
- 5+ Family - Rooming House
- Year built
- 1960
- Parking
- 60
- Foundation
- Concrete Perimeter
Land & utilities5 property facts
- Lot size
- 0.9 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- C
Financial2 property facts
- Annual taxes
- $25,729
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $4,899,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$26,916 / monthAdjust
- Principal & interest
- $24,772
- Property tax
- $2,144
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $25,729. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Sc
$4,899,000 · Sep 30, 2025
More property insights
Automated value estimate $4,036,118
Estimated range $3,377,354–$4,694,882.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: above average
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About 175 Bridge Rd
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