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104 Elm Street Newbury — Photo 1 of 42

104 Elm Street Newbury — Photo 1 of 42

$885,000

Investment Analysis — 104 Elm Street

Newbury, MA 01922 — Byfield

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01922 carries an estimated $3,080/mo in gross rent — about a 2.47% cap rate and $21,901/yr in estimated NOI at the $885,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3

SqFt

2,467

Style

Single Family

Built

1990

Set on nearly an acre in Byfield, this spacious home delivers a layout with room to gather, work, entertain and enjoy the outdoors. Hardwood floors carry through the main living areas, including an expansive fireplaced living room, formal dining room, and updated kitchen offering new cabinets, granite counters, updated appliances, island seating and a breakfast area with sliders to the deck. Upstairs are three bedrooms, including an impressive primary suite with a private bath and plenty of closet space, and another full bath. The partially finished walkout lower level adds even more versatility with a recreation/family room, separate office, large workshop area and room for storage. Outside, the expansive deck and patio areas extend the living space into the yard. Other features include first floor laundry, a heated 2 car attached garage (with storage above), and a 12' x 16' shed for your outdoor tools. Improvements during this Seller's ownership include: interior paint throughout, exterior paint, refinished hardwood floors and new tile, new roof, updated master bath, and installation of a water softener system. With generous room sizes, flexible bonus space and a substantial lot, this Newbury property offers a terrific combination of space, character and everyday livability. Enjoy Newbury's low tax rate with great proximity to Newburyport, major highways, the Commuter Rail and area beaches and boating.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,467 sq ft principal dwelling). Lot size: 41,918 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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Property Details

Financials

Original Price$885,000
Annual Taxes$6,189

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Vinyl, Carpet, Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Partially Finished, Walk-Out Access, Sump Pump, Concrete

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningAR4

Property & Lot

Acres0.96
SqFt Lot41,918
Lot FeaturesGentle Sloping

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
First
Living RoomDining RoomKitchenBathroom 3
Basement
OfficeFamily Room
Living Room
Lvl First

14 x 27

Wood / Coal / Pellet Stove, Flooring - Hardwood

Dining Room
Lvl First

15 x 13

Flooring - Hardwood, Chair Rail, Exterior Access

Kitchen
Lvl First

13 x 13

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Deck - Exterior, Recessed Lighting, Slider

Office
Lvl Basement

9 x 13

Flooring - Wall to Wall Carpet, Recessed Lighting, Wainscoting

Family Room
Lvl Basement

17 x 13

Flooring - Wall to Wall Carpet, Cable Hookup, Recessed Lighting, Wainscoting

Master Bedroom
Lvl Second

19 x 27

Bathroom - Full, Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

14 x 13

Bedroom 3
Lvl Second

12 x 13

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Second

8 x 9

Bathroom - Full, Bathroom - With Shower Stall, Closet - Linen, Flooring - Vinyl, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

8 x 9

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Vinyl

Bathroom 3
Lvl First

6 x 9

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: Celine Muldowney

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73573299