5 ½ Prospect Street

Rockport

New Construction

5 ½ Prospect Street is a 3-unit townhouse development located on a quaint side street in the coastal town of Rockport. These units were built to satisfy the demand for larger units which are available to rent year-round (many rentals in Rockport are seasonal as it is a vacation and “snowbird” destination). These residences boast either 2 or 3 bedrooms and finishes include hardwood flooring throughout, white shaker kitchens, stainless steel appliances, quartz counters, stylish tile baths, ample parking, private outdoor space and so much more.

Two-story gray house with white trim at 17 Smith Place, featuring a covered double front door, attached garage, and large windows, set amidst greenery under a clear sky.

This property was on the MLS, and came on the market just as the federal reserve was raising interest rates to help stimy inflation. To get ahead of this, we wanted to purchase a multi-family project quickly before rates rose. We were specifically looking in Rockport, which is primary comprised of single-family homes, so we were lucky to find a 3-family.

The existing house was a legal 3 family, but the units were small and disjointed, and the property needed renovation. What attracted us to the property is that the previous owner had gone to the Zoning Board of Appeals the year earlier and got approval to expand the size of the building. The sale would include these plans. Although amazing for our purposes that it came with permitting in place to expand, we were not in love with the unit layouts. Our plan then was to take what was already approved as far as building size and square footage and change things around a bit to meet our design goals. This required a quick trip back to the Zoning Board of Appeals for their blessing, but with the previous project already approved, the process was relatively painless.

Large light gray two-story house with multiple gables, white trim, and stone retaining wall along the driveway, surrounded by small shrubs and green grass.
Modern kitchen with white cabinets, stainless steel appliances, subway tile backsplash, and an island, adjacent to an empty living space with light wood flooring.
A hallway with wooden flooring, built-in white benches and hooks on the right, leading to a staircase and a kitchen area in the background.
A modern bathroom with a bathtub, toilet, white vanity with sink, rectangular mirror, and a window, all set against light-colored tiled walls.
Modern bathroom with a glassless shower featuring white subway tiles, hexagonal floor tiles, a double-sink vanity with marble countertop, and a window above the sinks.
White tiled walk-in shower with chrome showerhead and faucet, featuring subway tile walls and a hexagonal tile floor.
Empty room with light wood flooring, white paneled and plain walls, double closet doors, a door to a balcony, and an open doorway to a bathroom with tile flooring.
Empty room with light wood floors, beige walls, white trim, a window, a glass door, sloped ceiling, and recessed lighting.
Empty room with light-colored hardwood floors, beige walls, recessed ceiling lights, and large windows letting in natural light.
Empty room with light hardwood floors, beige walls, white trim, large window, recessed lighting, and a white front door.
A hallway with light wood floors and white walls features a laundry closet with stacked washer and dryer units behind an open door. Several doors line the hallway.
Empty room with beige walls, white trim, hardwood floor, recessed ceiling lights, a white door, and a window showing greenery outside.
Empty room with light wood flooring, beige walls, white trim, recessed ceiling lights, and a large window letting in natural light.
Empty room with light wood floors, gray walls, a double window, two white doors, and recessed ceiling lights.
A screened-in porch with light gray vertical paneling, wood floorboards, and large open windows overlooking green trees.
A wooden balcony with white railings attached to a house, surrounded by leafy green trees on a sunny day.