49 Northern Blvd Newbury — Photo 1 of 25
Recent Drop: $140,000
$1,640,000
Investment Analysis — 49 Northern Blvd
Newbury, MA 01951 — Plum Island
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01951 carries an estimated $5,940/mo in gross rent — about a 2.92% cap rate and $47,950/yr in estimated NOI at the $1,640,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,246
Style
2 Family - 2 Units Up/Down
Built
1910
$100K PRICE REDUCTION! Let's go! Don't miss out - Here's your sign to BUY THE BEACH HOUSE! Totally renovated turnkey investment property currently hosting weekly rentals Saturday to Saturday through 8/29. Showings are currently BY APPOINTMENT ONLY on Saturdays 2-3PM. STUNNING BEACH HOUSE! This property has the unique ability to live as a single family home with 5 beds/2 baths AND by closing one locked door, it can live as a 2-Family property with one unit on the 1st floor and the 2nd unit on the 2nd floor. Need a 1st floor for YOUR PARENTS?! This spectacular turnkey home on Plum Island offers the ultimate in coastal living with breathtaking views of the ocean and the basin - just across the street from the beach. Tastefully renovated and taken down to the studs w/new electric, plumbing, heating, A/C, floors, walls, lighting, quartz countertop/kitchens, baths & appliances. The 2nd floor 3BR main living space has vaulted ceilings, skylights & expansive open concept kitchen, living, dining space with tremendous ocean views. The 1st floor can be used as a separate 2BR rental unit. Beautifully designed gourmet kitchens, and expansive decks-perfect for soaking in both sunrises & sunsets. This property includes significant summer PARKING LOT INCOME POTENTIAL if you'd like to utilize it! Whether you're looking for a full-time residence with 5 bedrooms, a vacation escape or an investment opportunity, this home delivers it all ~ views, wildlife, water access & the magic of island life! Ideal location across the street from the public beach bath, walkable to all of the restaurants, and PRIME location for Plumfest. VRBO rate: $7500/week summer rent.
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
Range • Microwave • Washer • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Property History
$1,640,000
Was $1,740,000
Jul 23, 2026
MLS® 73473231
$1,740,000
Was $1,780,000
May 28, 2026
MLS® 73473231
$1,780,000
Feb 1, 2026
MLS® 73473231
$1,640,000
Jan 27, 2026
MLS® 73472017
$3,150
Dec 31, 2025
MLS® 73429910
$3,150
Sep 11, 2025
MLS® 73429910
$1,875,000
Dec 25, 2024
MLS® 73257045
$1,875,000
Jun 25, 2024
MLS® 73257045
Listing Agent: Barb Cullen
Listing Office: Keller Williams Realty Evolution
MLS® Number: 73473231