360 Merrimac Newburyport — Photo 1 of 42
$985,000
Investment Analysis — 360 Merrimac
Newburyport, MA 01950 — Western waterfront Corrudior
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01950 carries an estimated $3,080/mo in gross rent — about a 1.89% cap rate and $18,573/yr in estimated NOI at the $985,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,688
Style
Single Family
Built
1869
LOCATION, LOCATION, LOCATION! Here is your opportunity to own a piece of Newburyport and create the home you’ve always envisioned in the heart of the city’s historic district. Located just minutes from Cashman Park, the Shipyards, and downtown Newburyport, this property puts you close to the restaurants, shops, waterfront, and charm that make this coastal community so special.This spacious historic home offers three floors of living space, hardwood floors and exceptional potential for expansion. The first floor features a large living room, kitchen, dining room, half bath, and a rear sunroom overlooking the private backyard. The second floor offers three bedrooms and a full bath with laundry hook up. The third floor includes two additional rooms and water views, providing exciting possibilities for additional living space, a home office, studio, or guest accommodations.Bring your vision and creativity to restore this home and make it your own. With its historic character, generous space, private backyard, water views, and exceptional location, this is a rare opportunity to create something truly special in Newburyport.Property is being sold AS IS and requires renovation. Buyer and buyer’s agent to perform their own due diligence.Showings begin at the Open Houses:Saturday Sept 12th 11:00 AM–12:30PM and Sunday 1:00pm- 3:00pm
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: 844 sq ft (the lesser of 900 sq ft or half the 1,688 sq ft principal dwelling).
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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • None
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 13
Flooring - Hardwood, Gas Stove
Dining Room
Lvl First13 x 12
Flooring - Hardwood
Kitchen
Lvl null12 x 11
Flooring - Vinyl
Master Bedroom
Lvl null14 x 13
Bedroom 2
Lvl null13 x 12
Bedroom 3
Lvl null13 x 12
Bathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom - With Tub
Listing Agent: Gita Ghaemi
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73573695
