
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.
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.
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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
Living Room
Lvl First13 x 16
Coffered Ceiling(s), Flooring - Hardwood, Archway, Crown Molding
Dining Room
Lvl First13 x 16.5
Closet/Cabinets - Custom Built, Flooring - Hardwood, Wet Bar
Kitchen
Lvl First12 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 First15.5 x 24
Beamed Ceilings, Coffered Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Slider
Primary Bedroom
Lvl Second15.5 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 Second13 x 14.5
Bedroom 3
Lvl Second13.5 x 14
Bathroom - Full, Closet
Bedroom 4
Lvl Fourth Floor11.5 x 10.5
Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - 1/4
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Flooring - Stone/Ceramic Tile, Double Vanity
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall
Listing Agent: Jon Growitz
Listing Office: Realty One Group Nest
MLS® Number: 73560981