32 Plum Island Blvd Newbury — Photo 1 of 36
$850,000
Investment Analysis — 32 Plum Island Blvd
Newbury, MA 01951 — Plum Island
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01951 carries an estimated $3,240/mo in gross rent — about a 3.05% cap rate and $25,938/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,274
Style
Single Family
Built
1935
Here is your once-in-a-generation chance to plant roots or pour a foundation on one of the most coveted barrier islands on the entire New England coast. Plum Island is an 11-mile barrier island named for the wild beach plums that grow in its sandy dunes. Right at the heart of it all sits 32 Plum Island Blvd .25 acre lot w/ roots going back to 1935, now ready for a bold new vision. The existing structure has lived a full life. Now it's time to let the land speak. Whether you choose to tear down & build fresh or gut-renovate and reimagine, this lot offers something no amount of money can manufacture: location, ocean proximity, & the soul of Plum Island. Envision a custom-designed coastal home rising from this footprint- soaring ceilings of glass that frame the Atlantic, wide-plank white oak floors, wraparound decks where salt air replaces every worry, & a rooftop perch from which you can watch the sun melt into the Parker River marsh to the west while the full moon rises over the ocean.
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: 637 sq ft (the lesser of 900 sq ft or half the 1,274 sq ft principal dwelling). Lot size: 10,711 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
Electric Water Heater
Geography
Floorplan Breakdown
Structural Layout
Kitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl FirstBedroom 4
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl FirstListing Agent: Jackie O Real Estate Team
Listing Office: Keller Williams Realty Boston-Metro | Back Bay
MLS® Number: 73529670
