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287 Merrimac St Newburyport — Photo 1 of 42

287 Merrimac St Newburyport — Photo 1 of 42

$3,125,000

Investment Analysis — 287 Merrimac St

Newburyport, MA 01950

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01950 carries an estimated $3,390/mo in gross rent — about a 0.68% cap rate and $21,248/yr in estimated NOI at the $3,125,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

4.5

SqFt

3,572

Style

Single Family

Built

2026

**287 Merrimac Street | Newburyport, MA**An exceptional offering just moments from downtown Newburyport, this beautifully crafted new construction residence showcases timeless architecture, sophisticated design, and uncompromising attention to detail. Featuring 4 bedrooms and 4.5 baths, each bedroom is thoughtfully designed as a private en-suite, creating an ideal blend of luxury, comfort, and flexibility.Designed for both elegant entertaining and everyday living, the expansive open floor plan centers around a spectacular chef's kitchen appointed with Thermador appliances, stunning quartz countertops, custom cabinetry, and an oversized island that seamlessly flows into the dining area and inviting living room. Coffered ceilings, wide-plank white oak flooring, graceful architectural archways, custom millwork, and two gas fireplaces create warmth and character throughout the home, while showcasing an extraordinary level of craftsmanship.The thoughtfully designed upper level offers exceptional versatility, including the possibility of two luxurious primary suites or the flexibility to utilize one expansive en-suite as a family room, executive office, media room, or guest retreat. Every space has been carefully planned to adapt to a variety of lifestyles without compromising elegance or functionality.Step outside to a private patio, perfectly suited for grilling, al fresco dining, and entertaining, while the generous yard provides ample room for recreation, gardening, or simply enjoying the outdoors.Located just minutes from Newburyport's vibrant waterfront, boutique shopping, acclaimed restaurants, parks, marinas, and commuter rail to Boston, this remarkable residence offers an extraordinary opportunity to enjoy the very best of luxury coastal living in one of New England's most sought-after communities.

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 3,572 sq ft principal dwelling). Lot size: 9,600 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

Original Price$3,125,000
Annual Taxes$9,669

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms10
Fireplaces2
FlooringWood, Tile, Flooring - Wood
BasementFull, Unfinished

Climate & Utilities

HeatingForced Air, Heat Pump, Natural Gas, Electric
CoolingCentral Air, Heat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter, Stone, Brick/Mortar
ZoningR3

Property & Lot

Acres0.22
SqFt Lot9,600
Lot Features--

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Fourth Floor
Bedroom 4
Living Room
Lvl First

13 x 16

Coffered Ceiling(s), Flooring - Hardwood, Archway, Crown Molding

Dining Room
Lvl First

13 x 16.5

Closet/Cabinets - Custom Built, Flooring - Hardwood, Wet Bar

Kitchen
Lvl First

12 x 21

Closet/Cabinets - Custom Built, Flooring - Hardwood, Flooring - Wood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Washer Hookup, Gas Stove, Lighting - Pendant

Family Room
Lvl First

15.5 x 24

Beamed Ceilings, Coffered Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Slider

Primary Bedroom
Lvl Second

15.5 x 15.5

Bathroom - Full, Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Double Vanity, Lighting - Sconce, Lighting - Pendant, Closet - Double

Bedroom 2
Lvl Second

13 x 14.5

Bedroom 3
Lvl Second

13.5 x 14

Bathroom - Full, Closet

Bedroom 4
Lvl Fourth Floor

11.5 x 10.5

Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - 1/4

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Double Vanity/Sink, Flooring - Stone/Ceramic Tile, Double Vanity

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - Tiled With Shower Stall

Listing Provided By

Listing Agent: Jon Growitz

Listing Office: Realty One Group Nest

MLS® Number: 73560981