1. New Hampshire
  2. Rye
  3. 1191 - 1193 Ocean Boulevard
$4,500,000

1191 - 1193 Ocean Boulevard, Rye, NH 03870

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon0.88acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This listing courtesy of Brett Mulvey, Tate & Foss Sotheby's International Rlty

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.

Listing Status:
Active
Date Added:
August 21, 2025 at 05:00AM
Listing Office:
Tate & Foss Sotheby's International Rlty : 603-964-8028
Listing Agent:
Brett Mulvey : 603-964-8028
MLS ID:
5057766
  • A/C: None
  • Heating: Oil
  • Style: Apartment BuildingSingle Level
  • Roofing: Asphalt Shingle
  • General: Wood FrameConcrete Slab
  • Road/Access: Public
  • School District: Greenland Sch District SAU #50
  • County: Rockingham
  • Driveway: Paved
  • Zoning: BUSRESMDL
  • Utilities: Cable
  • Water: Public
  • Sewer: Private

This listing courtesy of Brett Mulvey, Tate & Foss Sotheby's International Rlty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rye Elementary School

461 Sagamore Rd, Rye, NH, 03870

Grades KG-4

1.22 miles away

R

Rye Junior High School

501 Washington Rd, Rye, NH, 03870

Grades 5-8

0.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.