56 Lime St Newburyport — Photo 1 of 42
$2,499,000
Investment Analysis — 56 Lime St
Newburyport, MA 01950 — Joppa
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01950 carries an estimated $3,390/mo in gross rent — about a 0.68% cap rate and $16,920/yr in estimated NOI at the $2,499,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4.5
SqFt
5,840
Style
Single Family
Built
1809
A rare offering in Newburyport’s beloved South End, the historic Margaret Atwood House has stood proudly on this Joppa corner since 1810. Impeccably preserved & owned by the same family for 50+ years, this stately 3-unit residence offers 5BRs, 5 baths & 4,730 sq. ft. of living space (5,840 incl. finished lower level), with exceptional flexibility: live in one unit while generating rental income, retain as a multi-family, pursue the groundwork begun for condo conversion, or restore it as a grand single-family home with private extended-family quarters. Set high above the city, an expansive rooftop deck shared by 2 units captures sweeping views over downtown, South Church, Newburyport Harbor & Plum Island Sound. Updated with modern systems & AC throughout, yet rich in soaring ceilings & preserved period detail, this is history without compromise - and an increasingly rare opportunity to own a true 3+ unit property in the heart of Newburyport.
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 5,840 sq ft principal dwelling). Lot size: 4,900 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 • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16.4 x 14.9
Dining Room
Lvl First16.4 x 14.9
Kitchen
Lvl First33 x 21
Family Room
Lvl Second16.1 x 14.4
Master Bedroom
Lvl First19.4 x 12.6
Bedroom 2
Lvl Third16.1 x 13.4
Bedroom 3
Lvl Third14.1 x 11.1
Bedroom 4
Lvl Third13.7 x 11.1
Bedroom 5
Lvl Third16.7 x 13.1
Bathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Lynne Hendricks
Listing Office: Realty One Group Nest
MLS® Number: 73565092
