Active
101 Days on market
38 Way To The River Rd West Newbury — Photo 1 of 34

38 Way To The River Rd West Newbury — Photo 1 of 34

Recent Drop: $60,000

$1,189,000
$1,129,000

$1,129,000

Investment Analysis — 38 Way To The River Rd

West Newbury, MA 01985

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 5-bedroom in 01985 carries an estimated $4,060/mo in gross rent — about a 2.35% cap rate and $26,518/yr in estimated NOI at the $1,129,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

4

SqFt

3,485

Style

Single Family

Built

1981

This is a legal 2 family home, also refer to MLS listing # 73519383. There are 4 bedrooms, and 3 baths in the main house, and 1 bedroom, 1bath in the apartment., Set on 2.3 wooded acres, this custom-built contemporary multi-family home combines modern comfort with a peaceful natural setting. Located just moments from the scenic River Road trails and Merrimack River views. The main unit features an open-concept floor plan with hardwood floors, abundant natural light, and an adjacent deck overlooking the tranquil setting, creating an inviting space for everyday living and entertaining. The second unit provides the convenience of one-floor living with a spacious open-concept layout designed for both comfort and functionality. Additional highlights include a three-car garage and flexible living arrangements ideal for multi-generational living, rental opportunity, or investment potential. Current tenant in apt. is a tenant at will. You’ll find Way to the River Rd. to be one of the loveliest streets in town.

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 3,485 sq ft principal dwelling). Lot size: 102,802 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

Original Price$1,189,000
Annual Taxes$10,509

Parking

Garage3
Off-Street11

Interior Specifications

Total Rooms11
FireplacesNone
FlooringWood, Tile, Carpet
BasementFull, Concrete

Climate & Utilities

HeatingBaseboard, Oil, Wood Stove
CoolingWall Unit(s), Ductless
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame, Post & Beam
RoofShingle
FoundationConcrete Perimeter
ZoningRB

Property & Lot

Acres2.36
SqFt Lot102,802
Lot FeaturesWooded, Level

Amenities & Appliances

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

Neighborhood

Shopping • Park • Walk/Jog Trails • Stable(s) • Medical Facility • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4Bathroom 3
Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
First
Living RoomDining RoomKitchen
Living Room
Lvl First

18 x 19

Skylight, Ceiling Fan(s), Flooring - Hardwood

Dining Room
Lvl First

13 x 16

Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan, Slider

Kitchen
Lvl First

12 x 14

Flooring - Hardwood, Breakfast Bar / Nook

Primary Bedroom
Lvl Second

16 x 18

Ceiling Fan(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

10 x 13

Bedroom 3
Lvl Second

9 x 15

Ceiling Fan(s), Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Third

12 x 15

Skylight, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Second

6 x 10

Bathroom - With Tub & Shower

Bathroom 2
Lvl Second

6 x 12

Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup

Bathroom 3
Lvl Third

5 x 11

Bathroom - With Tub & Shower, Skylight

Property History

Price Drop
$1,129,000

Was $1,189,000

Jun 10, 2026

MLS® 73530608

Listed
$1,189,000

Jun 4, 2026

MLS® 73530608

Listed
$1,129,000

May 14, 2026

MLS® 73519383

Listing Provided By

Listing Agent: Jim Bragg

Listing Office: Coldwell Banker Realty

MLS® Number: 73530608