A four-unit multi-family property located at 265 Merrimac Street in Newburyport, MA has been sold for $1,288,888. The building encompasses 3,164 square feet with a price per unit of $322,222 and a price per square foot of $407. It features updated kitchens, individual heating systems for each unit, and off-street parking. Tenants are responsible for all utilities, with the exception of water and sewer.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,288,888
• Units: 4
• Square Footage: 3,164
• Price Per Unit: $322,222
• Price Per Square Foot: $407
• Broker: Ann Marie Salmon - Keller Williams

The transaction was facilitated by Ann Marie Salmon from Keller Williams, representing the sale of this multi-family asset in the competitive Newburyport market. This transaction highlights the active nature of the local real estate market as multi-family properties continue to attract investors.