1191 - 1193 Ocean Boulevard, Rye, NH 03870
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
1191 - 1193 Ocean Boulevard,Rye, NH 03870
$4,500,000
- - Beds
- - Baths
- 4,847 sq. ft.
- Multi-family
- Active
Listed by:brett mulvey
Office:tate & foss sotheby's international rlty
MLS#:5057766
Source:PrimeMLS
Price summary
- Price:$4,500,000
- Price per sq. ft.:$928.41
About this home
An exceptional investment opportunity along Rye’s Ocean Boulevard—just moments from Wallis Sands Beach. This rare offering features five residential units plus a seasonal restaurant, combining strong rental income with long-term redevelopment potential in one of the Seacoast’s most desirable coastal settings. 1193 Ocean Boulevard includes two 1BR/1BA apartments on the first floor and a spacious 3BR residence on the second floor. 1191 Ocean Boulevard offers a first-floor studio apartment along with a well-established seasonal restaurant and bar featuring indoor dining, outdoor seating, a takeout window, and ample parking. Together, the properties deliver versatility, steady cash flow, and exciting upside. With direct marsh frontage, ocean breezes, and the sound of waves just steps away, this property embodies the coastal lifestyle tenants and guests are drawn to. Investors may continue operations as-is, expand residential offerings, or redevelop the parcels into luxury condominiums, multifamily residences, or even a signature single-family estate. A rare chance to secure prime coastal real estate with scale, flexibility, and location—all within walking distance to the sand, surf, and sunsets of Wallis Sands Beach. All units currently rented. Please do not solicit information on site.
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Home facts
- Year built:1958
- Listing ID #:5057766
- Added:25 day(s) ago
- Updated:September 11, 2025 at 10:17 AM
Rooms and interior
- Living area:4,847 sq. ft.
Heating and cooling
- Heating:Oil
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1958
- Building area:4,847 sq. ft.
- Lot area:0.88 Acres
Schools
- High school:Portsmouth High School
- Middle school:Rye Junior High School
- Elementary school:Rye Elementary School
Utilities
- Sewer:Private
Finances and disclosures
- Price:$4,500,000
- Price per sq. ft.:$928.41
- Tax amount:$8,188 (2024)
Copyright 2025 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 16, 2025New listings near 1191 - 1193 Ocean Boulevard
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