Multi-Family for Sale: 1191 - 1193 Ocean Boulevard, Rye, NH 03870

6 beds
4,847 sqft
$4,500,000
$4,500,000
1191 - 1193 Ocean Boulevard, Rye, NH 03870
6 beds
4,847 sqft
$4,500,000
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Price:
$4,500,000

Type Multi-Family
Style Single Level, Apartment Building
Beds 6
Square Feet 4,847 sqft
Lot Size 0.88 acres
Year Built 1958
Taxes Paid $8,188

City Rye
County Rockingham
School District Greenland Sch District SAU #50

MLS 5057766
Status Active
DOM 198 days
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.

Lot & Building Features

Utilities Cable
Construction Wood Frame
Cooling None
Heating Oil
Sewer Private
Tax Year 2024
Taxes Paid $8,188
Water Public
Foundation Concrete Slab
Lot Description Beach Access, View, Level
Roof Asphalt Shingle
Garage No

Community and Schools

Elementary School Rye Elementary School
Junior High School Rye Junior High School
Senior High School Portsmouth High School

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Lease Term Month to Month
Unit 1 Level Number 1
Unit 1 Rental Agreement No
Unit 1 Rooms 3
Unit 1 Status Owner Occupied
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Month to Month
Unit 2 Level Number 1
Unit 2 Rental Agreement No
Unit 2 Rooms 3
Unit 2 Status Owner Occupied
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Lease Term Month to Month
Unit 3 Level Number 2
Unit 3 Rental Agreement No
Unit 3 Rooms 5
Unit 3 Status Leased
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Month to Month
Unit 4 Level Number 1
Unit 4 Rental Agreement No
Unit 4 Rooms 2
Unit 4 Status Leased
Unit 5 Baths 2
Unit 5 Bedrooms 0
Unit 5 Level Number 1
Unit 5 Rooms 5
Unit 5 Style Restaurant

Price History of 1191 - 1193 Ocean Boulevard, Rye, NH

Date Name Price Difference
08/21/2025 Listing Price $4,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 1191 - 1193 Ocean Boulevard, Rye, NH

Location Map Street View
Listed by Tate & Foss Sotheby's International Rlty, Brett Mulvey 603-964-8028
Photo of Kevin Garrabrant
Direct: 603-333-3353
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
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0.18195555555556%
6.75%
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Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
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1191 - 1193 Ocean Boulevard (MLS #5057766) is a apartment building, single level multi-family listing located in Rye, NH. This multi-family listing is 4,847 sqft and on a lot of 38,333 sqft (or 0.88 acres) and is 67 years old. This property was listed on 08/21/2025 and has been priced for sale at $4,500,000.

Nearby zip codes are 03801, 03854, 03871, 03904 and 03905. This property neighbors other cities such as Hampton, Kittery, New Castle, North Hampton and Portsmouth.

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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Tate & Foss Sotheby's International Rlty

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 03/07/2026