505 Main St. West Newbury — Photo 1 of 39
$899,000
Investment Analysis — 505 Main St.
West Newbury, MA 01985
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01985 carries an estimated $3,680/mo in gross rent — about a 2.94% cap rate and $26,446/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,460
Style
Single Family
Built
1699
A rare opportunity to own a piece of West Newbury history! The John Chase House dating to 1699, this exceptional center-entrance Colonial beautifully blends centuries of New England character with thoughtful modern updates. Wide pine floors, exposed beams and oversized fireplaces create an unmistakable sense of warmth and history, while a beautifully appointed Viking kitchen, updated baths and brand-new septic system provide the comfort today's buyers are looking for. Conveniently located near highway access, the library, local favorites like Scoops Ice Cream, and the shops, restaurants, and amenities of downtown Newburyport.A truly special home where history, character, and modern comfort come together! Step Inside 327 Years of West Newbury History.Tour this exceptional 1699 Colonial and discover the character, craftsmanship and thoughtful updates that make this home so special!
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 2,460 sq ft principal dwelling). Lot size: 10,890 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer • Wine Refrigerator
Neighborhood
Shopping • Walk/Jog Trails • Stable(s) • Medical Facility • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First14 x 18
Beamed Ceilings, Flooring - Wood, French Doors, Exterior Access
Dining Room
Lvl Main,First14 x 18
Beamed Ceilings, Flooring - Wood, Lighting - Pendant
Kitchen
Lvl Main,First17 x 11
Bathroom - Full, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Exterior Access, Remodeled, Wine Chiller, Lighting - Overhead, Flooring - Engineered Hardwood
Primary Bedroom
Lvl Second14 x 18
Beamed Ceilings, Flooring - Wood
Bedroom 2
Lvl Second15 x 18
Bedroom 3
Lvl SecondCloset
Bathroom 1
Lvl Main,First4 x 11
Bathroom - Full, Bathroom - With Tub, Closet, Flooring - Vinyl
Bathroom 2
Lvl Second7 x 11
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub
Listing Agent: Amy Lance
Listing Office: RE/MAX Bentley's
MLS® Number: 73568427
