38 Market Newburyport — Photo 1 of 13
$988,000
Investment Analysis — 38 Market
Newburyport, MA 01950 — North End
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 2.02% cap rate and $19,914/yr in estimated NOI at the $988,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,617
Style
Single Family
Built
1830
Plenty of sunshine and plenty of character in this unusually comfortable city antique. Two gas fireplaces, two outstandingly attractive, upscaled bathrooms, first floor laundry, double staircases, pine floors, and a walk-up attic for excellent storage. This home features updated utilities (electrical system, heating plant and hot water tank), plus a very private and roomy brick patio and that New England treasure, a real mudroom! Located in the North End of the city, this property in the midst of a very walkable neighborhood with easy access to downtown restaurants, shops, theaters and to the fabulous Merrimack River waterfront and the four-mile Clipper City Trail. Pine floors, cheery colors, bay windowed dining room, custom trim and cabinetry - all these features and more make a fine home!
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: 809 sq ft (the lesser of 900 sq ft or half the 1,617 sq ft principal dwelling). Lot size: 1,742 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
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First16 x 14
Closet, Flooring - Wood, Chair Rail, Wainscoting, Crown Molding
Dining Room
Lvl Main,First14 x 11
Closet, Flooring - Wood, Window(s) - Bay/Bow/Box
Kitchen
Lvl Main,First14.25 x 12
Flooring - Wood, Kitchen Island, Gas Stove
Master Bedroom
Lvl Second16.5 x 12
Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Wood
Bedroom 2
Lvl Second14 x 11.5
Bedroom 3
Lvl Second13 x 11.5
Closet, Flooring - Wood
Bathroom 1
Lvl Main,First8 x 6
Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Closet/Cabinets - Custom Built, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl Second8 x 7.2
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Beamed Ceilings
Listing Agent: Patricia L. Skibbee
Listing Office: River Valley Real Estate
MLS® Number: 73568967
