Multi-Family for Sale: 741 & 747 Ocean Boulevard, Rye, NH 03870

12 full baths
6,684 sqft
$4,650,000
$4,650,000
741 & 747 Ocean Boulevard, Rye, NH 03870
12 full baths
6,684 sqft
$4,650,000
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Price:
$4,650,000

Type Multi-Family
Style Hotel
Baths 12 full baths
Square Feet 6,684 sqft
Lot Size 1.52 acres
Year Built 1960
Taxes Paid $17,123

City Rye
County Rockingham

MLS 5034824
Status Active Under Contract
DOM 71 days
A rare opportunity to own this iconic, stylish & lucrative boutique hotel along NH's coveted seacoast. Fully renovated in 2021, The Rye Motor Inn + Swim Shop is a stylish, retro-inspired, 12-unit apart-hotel & retail shop, offering a seamless blend of mid-century charm & modern comfort. This 1960s four-season motor inn features 12 units (7 queen studios, 3 king studios & 2 one-bedroom apartments), each with a full kitchen & bathroom to comfortably to accommodate nightly, short-term, and long-term stays. The property has seen consistent & impressive year-over-year growth offering a unique opportunity to own a proven business or a coastal home (inquire for historical income & expenses). The updated 15-bedroom septic allows room for expansion, w/ plans already approved for an added ocean view 1,000 sq ft 2-bedroom apartment above the retail/office space. The spacious, flat lawn & oversized heated pool w/ panoramic ocean views provide a dreamy setting for micro-weddings, upscale gatherings, private events & additional outdoor amenities for guests. The poolside cabana is plumbed & ready for a catering kitchen or bar setup. Bonus: the onsite boutique, "The Swim Shop", is a prime space for a retail storefront or lease income. Across from the ocean, steps to Odiorne Point State Park & a 10 min drive to downtown Portsmouth & Hampton Beach, this 1.52-acre lot offers flexible use, strong income, & rare coastal charm—an investment w/ lifestyle upside, & value-add potential.

Lot & Building Features

Utilities Cable - At Site
Construction Wood Frame
Cooling Wall AC Units
Heating Electric, Wall Units, Oil, Hot Water
Parking Description Parking Spaces 21+
Sewer Private
Tax Year 2024
Taxes Paid $17,123
Water Public
Basement Description Bulkhead
Foundation Poured Concrete, Slab - Concrete
Lot Description Landscaped, Water View
Roof Shingle - Asphalt
Garage No

Price History of 741 & 747 Ocean Boulevard, Rye, NH

Date Name Price Difference
04/03/2025 Listing Price $4,650,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 741 & 747 Ocean Boulevard, Rye, NH

Location Map Street View
Photo of The Patey Team
Direct: 603-548-6392
Office
PO Box 316
Raymond, NH 03077
603-548-6392
Listed by Compass New England, LLC, Sean Bakhtiari & Colby Coppage
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0.36823655913978%
6.75%
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741 & 747 Ocean Boulevard (MLS #5034824) is a hotel multi-family listing located in Rye, NH. This multi-family listing is 6,684 sqft and on a lot of 66,211 sqft (or 1.52 acres) and is 65 years old. This property was listed on 04/03/2025 and has been priced for sale at $4,650,000.

Nearby zip codes are 03801 0000, 03801, 03854, 03904 and 03905. This property neighbors other cities such as Hampton, Kittery, New Castle, North Hampton and Portsmouth.

PrimeMLS

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: Compass New England, LLC

Copyright 2025 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 06/14/2025