Investment Analysis — 3 Exeter Way

Newbury, MA 01951

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01951 carries an estimated $3,240/mo in gross rent — about a 3.57% cap rate and $24,094/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,253

Style

Single Family

Built

1959

Embrace Coastal Living in this Charming Plum Island Cottage, ideally situated in a fantastic neighborhood just steps to the Sandy Beach. Offering a flexible and functional layout, the main level features a Front Porch, Kitchen and Living Area, 1st Floor Primary Bedroom and a 3/4 Bath complete with Laundry while the upper level provides 2 Additional Bedrooms with built- ins. Enjoy comfort with Central Air Conditioning, Efficient Heating, and Solar Panels for electric savings, plus the valuable benefit of Public Water and Public Sewer connections. Being Sold AS IS, this property presents an incredible opportunity for buyers looking to customize and add personal touches. With a few updates, this Seaside Retreat will truly shine. Whether you are searching for a Vacation Home, a Weekend Getaway, or an Investment Opportunity near the coast, this Plum Island Gem delivers endless potential in an Unbeatable Beachside Location!

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: 627 sq ft (the lesser of 900 sq ft or half the 1,253 sq ft principal dwelling). Lot size: 6,408 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.