
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.
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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Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
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Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 27
Wood / Coal / Pellet Stove, Flooring - Hardwood
Dining Room
Lvl First15 x 13
Flooring - Hardwood, Chair Rail, Exterior Access
Kitchen
Lvl First13 x 13
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Deck - Exterior, Recessed Lighting, Slider
Office
Lvl Basement9 x 13
Flooring - Wall to Wall Carpet, Recessed Lighting, Wainscoting
Family Room
Lvl Basement17 x 13
Flooring - Wall to Wall Carpet, Cable Hookup, Recessed Lighting, Wainscoting
Master Bedroom
Lvl Second19 x 27
Bathroom - Full, Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second14 x 13
Bedroom 3
Lvl Second12 x 13
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Second8 x 9
Bathroom - Full, Bathroom - With Shower Stall, Closet - Linen, Flooring - Vinyl, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl Second8 x 9
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Vinyl
Bathroom 3
Lvl First6 x 9
Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Celine Muldowney
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73573299
