5 Locust Grove Merrimac — Photo 1 of 41
$959,000
Investment Analysis — 5 Locust Grove
Merrimac, MA 01860
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01860 carries an estimated $3,080/mo in gross rent — about a 1.73% cap rate and $16,620/yr in estimated NOI at the $959,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
3,124
Style
Single Family
Built
1998
Welcome to 5 Locust Grove Merrimac! This Beautiful Colonial just moments from the Merrimack River is sun-filled and offers the perfect blend of modern living, flexible space, and on very private 2.2 acre lot. This is an entertainer's dream with an oversized eat-in kitchen with custom inset cabinetry, gas stove, SS appliances and huge island that flows seamlessly into a family room with cathedral ceiling and woodburning fireplace. A formal dining room and a living room or office add versatility. While upstairs offers 3 spacious bedrooms including a primary suite and full bath. Beautiful Hardwood floors run throughout the home. Need more space? The finished walkout lower level set up as a gym on one end and a play room with excellent storage on the other and access to the 2-car garage. Outside, enjoy a new composite deck and lush grass backyard perfect for gatherings, pets, or play. Conveniently located near highways, commuter rail, Newburyport, and local beaches, all within the sought-after Pentucket Regional School District. Lots of updates including roof, Anderson windows, exterior painted, Heating system, newer custom kitchen and a Reeds Ferry Shed!
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 3,124 sq ft principal dwelling). Lot size: 97,139 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater
Neighborhood
Park • Walk/Jog Trails • Stable(s) • Conservation Area • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 12
Dining Room
Lvl First14.5 x 13
Kitchen
Lvl First33 x 12.5
Family Room
Lvl First16 x 22
Primary Bedroom
Lvl Second19 x 14
Bedroom 2
Lvl Second15 x 12.5
Bedroom 3
Lvl Second14 x 12.5
Bathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Christopher Breen
Listing Office: RE/MAX Bentley's
MLS® Number: 73572750
