Investment Analysis — 58 Merrimac St #3-5

This luxurious two bedroom, two and a half bath, penthouse unit in an elevator building was newly renovated in 2026 and it provides a lifestyle rarely found in downtown Newburyport. If you are looking for a turn key home where you can simply park your car in the garage and fly to your winter escape from the cold without a worry in the world, or just walk to the shops and restaurants downtown, look no further. This modern, sleek and sexy penthouse has two private decks with direct water views of the Merrimac River, and two dedicated garage parking spots. There are custom closets and builtins throughout providing an abundance of storage. The high end kitchen is equipped with new Cafe appliances including a custom refrigerator, induction cooktop, a wine cooler and a double oven with ample work space to prepare your meals and entertain guests. There is a gas fireplace and a natural gas grill directly plumbed on the deck. The primary bath has a spa like soaking tub and glass enclosed shower with walls of glass overlooking the primary bedroom.