1191 - 1193 Ocean Boulevard Rye, NH $ 4,500,000
1191 - 1193 Ocean Boulevard
$ 4,500,000
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1191 - 1193 Ocean Boulevard

Rye, NH, 03870
$ 4,500,000
Bedrooms6 Baths6.0 Sq 4,847

Monthly Estimate*

$ 28,074

Listed by Brett Mulvey, Tate & Foss Sotheby's International Rlty, 603-964-8028, bmulvey@tateandfoss.com
1191 - 1193 Ocean Boulevard, Rye, NH 03870 - Image 1
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1191 - 1193 Ocean Boulevard, Rye, NH 03870 - Image 8
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1191 - 1193 Ocean Boulevard, Rye, NH 03870 - Image 13

Multi-Family Home for sale in Rye, NH

for $4,500,000 with 6 bedrooms and 6 full baths. This 4,847 square foot home was built in 1958 on a lot size of 0.88.

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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Multi-Family Active

Price

$ 4,500,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment Building,Single Level

Lot Size

0.88

Year Built

1958

Town/City

Rye

County/Region

Rockingham

MLS | Web ID

5057766

Features
General
Road Frontage Yes
Sewer Private
Heating Oil
Cooling None
Utilities Cable
Roof Asphalt Shingle
Garage No
Flood Zone Yes
Zoning BUS RES MDL
Year Built 1958
Electric 200+ Amp Service
Style Apartment Building Single Level
Stories Count 2
Construction Status Existing
Block 000
Tax Year 2024
Status Detail 0
Covenants No
Construction Materials Wood Frame
High School Portsmouth High School
City Rye
School District Greenland Sch District SAU #50
Seasonal No
Elementary School Rye Elementary School
Middle School Rye Junior High School
DOM 107
Price Per Sq Ft Total AG 928.41
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Exterior
Lot Features Level View Beach Access
Driveway Paved
Water View No
Lot Size Area 0.88
Water Source Public
Foundation Concrete Slab
Lot 030
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Interior
Basement No
Total Number of Units 5
Unit 4 Bedrooms 1
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* Excluded Features
List By
Brett Mulvey

Listing Agent

Tate & Foss Sotheby's International Rlty

Broker

(603) 964-8028

Phone

bmulvey@tateandfoss.com

Email

Affordability Calculator

$28,074
Per Month
100%
0%
0%
Monthly Principal & Interest
$28,074
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4043541 Elementary School
4043544 Middle School
Portsmouth High School High School
Pricing History
DatePricePrice ChangeDescription
8/22/2025$4,500,000 Listed Price

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1191 - 1193 Ocean Boulevard, Rye, NH, 03870 is a Multi-Family Home for sale at $4,500,000 with 4,847 sqft and a lot size of 0.88. 1191 - 1193 Ocean Boulevard has 6 bedrooms, 6.0 baths, and was built in 1958. The property's zip code is 03870 which is in Rye, NH