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
UtilitiesCable
ConstructionWood Frame
CoolingNone
HeatingOil
SewerPrivate
Tax Year2024
Taxes Paid$8,188
WaterPublic
FoundationConcrete Slab
Lot DescriptionBeach Access, View, Level
RoofAsphalt Shingle
GarageNo
Community and Schools
Elementary SchoolRye Elementary School
Junior High SchoolRye Junior High School
Senior High SchoolPortsmouth High School
Unit Features
Unit 1 Baths1
Unit 1 Bedrooms1
Unit 1 Lease TermMonth to Month
Unit 1 Level Number1
Unit 1 Rental AgreementNo
Unit 1 Rooms3
Unit 1 StatusOwner Occupied
Unit 2 Baths1
Unit 2 Bedrooms1
Unit 2 Lease TermMonth to Month
Unit 2 Level Number1
Unit 2 Rental AgreementNo
Unit 2 Rooms3
Unit 2 StatusOwner Occupied
Unit 3 Baths1
Unit 3 Bedrooms3
Unit 3 Lease TermMonth to Month
Unit 3 Level Number2
Unit 3 Rental AgreementNo
Unit 3 Rooms5
Unit 3 StatusLeased
Unit 4 Baths1
Unit 4 Bedrooms1
Unit 4 Lease TermMonth to Month
Unit 4 Level Number1
Unit 4 Rental AgreementNo
Unit 4 Rooms2
Unit 4 StatusLeased
Unit 5 Baths2
Unit 5 Bedrooms0
Unit 5 Level Number1
Unit 5 Rooms5
Unit 5 StyleRestaurant
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.
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.
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