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    1191 Ocean Blvd Rye, NH 03870

    For Sale
    $4,500,000

    Multi-Family - Rye, NH

    Property size:
    4,847 SF
    Lot size:
    0.88 Acres
    Days on Market:
    113
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 1191 Ocean Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    BUS, RES, MDL
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    Parking features
    Paved or Surfaced
    EntryLevel
    Unit 4: 1,Unit 5: 1,Unit 1: 1,Unit 2: 1,Unit 3: 2
    Size
    4,847 SF
    Lot size
    0.88 Acres

    Utilities

    Heating system
    Oil

    Building Details

    Year built
    1958
    Floors in Building
    2
    Number of units
    5
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Jalbert Realty Inc. (603) 964-8028 [email protected]

    Listing agent Brett Mulvey (603) 964-8028

    Listing date Aug 21, 2025

    MLS# 5057766 Listing URL

    Copyright © 2025 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rye Ocean Boulevard Multi-Family Investment

    Located along Rye’s Ocean Boulevard, this investment opportunity is moments from Wallis Sands Beach. The property features five residential units and a seasonal restaurant, offering rental income with redevelopment potential in a coastal setting. 1193 Ocean Boulevard includes two 1BR/1BA apartments on the first floor and a 3BR residence on the second floor. 1191 Ocean Boulevard offers a first-floor studio apartment along with a seasonal restaurant and bar featuring indoor dining, outdoor seating, a takeout window, and parking. The property has marsh frontage, ocean breezes, and is near Wallis Sands Beach. The property, totaling 4847 square feet on a 0.88-acre lot, is zoned BUS, RES, and MDL. Potential uses include continuing operations as-is, expanding residential offerings, or redeveloping the parcels into luxury condominiums, multifamily residences, or a single-family estate. All units are currently rented.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kooks Cafe & Beach ... Cafe

    Suggested Use

    Restaurant Realty agency Gym & Fitness Hotel & Motel Bar & Pub Convenience Store Bed & Breakfast Seafood Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rye
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.7335233
    Latitude
    43.0228647

    Nearby Similar for Sale

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    • $4,500,000
      0.88 Acres

      Ocean Boulevard Development Opportunity

      Development opportunity near Wallis Sands Beach with mixed-use potential.
      1191 Ocean Blvd, Rye, NH 03870
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    • $4,995,000
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      Mixed-Use Hotel and Retail Mall

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    FAQs

    What type of property is this?
    Mixed-use property - Investment opportunity near Wallis Sands Beach with redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 1191 Ocean Blvd Rye, NH.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Prime coastal location on Rye's Ocean Boulevard, moments from Wallis Sands Beach.; - Strong rental income from five residential units and a seasonal restaurant.; - Redevelopment potential for luxury condominiums, multifamily residences, or a single-family estate.
    (603) 964-8028
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1191 Ocean Blvd Rye, NH 03870
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