62 Cottage Rd Newbury — Photo 1 of 28
$700,000
Investment Analysis — 62 Cottage Rd
Newbury, MA 01951
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 3.59% cap rate and $25,101/yr in estimated NOI at the $700,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,062
Style
Single Family
Built
1930
There's a lot to love about this charming 2+ bedroom home, tucked into a peaceful Newbury neighborhood just around the corner from the Parker River. With 1,062 square feet of thoughtfully used living space, the home feels warm and inviting, with plenty of natural light and a cozy wood stove that makes chilly New England evenings something to look forward to. The living space flows easily into the kitchen, creating a comfortable layout that work equally well for quiet nights at home or gathering with friends. The detached one-car garage is an unexpected bonus. Updated with new windows and insulation, it's currently used as an artist's studio and offers wonderful flexibility as a creative space, workshop, home office, or additional storage. Best of all, public access to the picturesque Parker River is just around the corner, offering an easy connection to the outdoors and one more reason this feels like such a special place to make your 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: 531 sq ft (the lesser of 900 sq ft or half the 1,062 sq ft principal dwelling). Lot size: 8,812 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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range
Neighborhood
Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First11.083333333 x 14
Wood / Coal / Pellet Stove, Cathedral Ceiling(s), Flooring - Hardwood, Attic Access, Exterior Access, High Speed Internet Hookup, Open Floorplan, Recessed Lighting
Dining Room
Lvl First7.75 x 9.166666666
Flooring - Hardwood, Open Floorplan, Lighting - Overhead, Window Seat
Kitchen
Lvl First12.166666666 x 14.916666666
Flooring - Wood, Pantry, Countertops - Upgraded, Kitchen Island, Open Floorplan, Recessed Lighting
Master Bedroom
Lvl Main,First15.583333333 x 11.75
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second15.416666666 x 8.916666666
Bedroom 3
Lvl Second17.416666666 x 10.583333333
Vaulted Ceiling(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl nullBathroom - 3/4, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Recessed Lighting
Listing Agent: The Bill Butler Group
Listing Office: Leading Edge Real Estate
MLS® Number: 73574348
