
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: The Bakhtiari Group
Listing Office: Compass
MLS® Number: 73565502
