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26 Summit Place Newburyport — Photo 1 of 42

26 Summit Place Newburyport — Photo 1 of 42

$1,995,000

Investment Analysis — 26 Summit Place

Newburyport, MA 01950

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01950 carries an estimated $3,390/mo in gross rent — about a 0.82% cap rate and $16,444/yr in estimated NOI at the $1,995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

3,101

Style

Single Family

Built

1994

Welcome to 26 Summit Place, where a thoughtfully designed floor plan, impressive updates and exceptional indoor-outdoor living come together just minutes from downtown Newburyport. Offering 4 bedrooms, 2.5 baths and 3,101 SF of finished living space, this beautifully maintained home delivers the space, style and functionality... At the heart of the home is an impressive chef's kitchen featuring an oversized island with seating for six and a walk-in pantry. The kitchen flows seamlessly into the open living room anchored by a wood-burning fireplace and offering direct access to the back deck, patio and fully fenced backyard. A private home office (or family room), half bath and custom mudroom with direct access from both the side entry and oversized two-car garage complete the main level... All four bedrooms are located on the second floor, including the spacious primary suite with cathedral ceilings, sitting area, 3 closets and ensuite bath with a double vanity and custom glass tiled shower. Convenient laundry is incorporated into the primary suite. A second full bathroom is also located on the upper level, and an unfinished walk-up attic provides exceptional storage and exciting potential for future expansion. The finished basement provides a great bonus space for a home gym, office, media room or playroom... Recent improvements include a three-year-old new roof, new propane heating system, on-demand hot water, central heat and A/C on the second level, newly installed radon mitigation system, sump pump, asphalt driveway, cedar fencing and irrigation system servicing the English garden. All of this in a convenient Newburyport location with easy access to downtown, schools, shopping, commuter routes and the best of this celebrated coastal community.

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 3,101 sq ft principal dwelling). Lot size: 7,200 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.

Property Details

Financials

Original Price$1,995,000
Annual Taxes$14,473

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms9
Fireplaces1
FlooringWood, Tile
BasementFull, Partially Finished, Interior Entry, Bulkhead, Sump Pump, Radon Remediation System

Climate & Utilities

HeatingForced Air, Baseboard, Propane
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres0.17
SqFt Lot7,200
Lot FeaturesCleared, Level

Amenities & Appliances

Tankless Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Bathroom 3
Lvl Second
Listing Provided By

Listing Agent: The Bakhtiari Group

Listing Office: Compass

MLS® Number: 73565502