Renovated Two-Family with
239 High Road Newbury, MA 01951
239 High Road, Newbury, MA, 01951
$1,439,900
For Sale
$1,439,900
Legally configured two-family residence with five bedrooms, multiple primary suites, garage, and a two-story barn.
Property Size3,500 SF
Lot Size1.00 Acre
Price / SF$411.40
Days on Market71
Property Features for 239 High Road
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 1.00 Acre
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1847
Listing agency
RE/MAX Bentley's
(781) 858-5115
Listed by
Robert Bentley
(781) 858-5115
Source
Lockandkeyre
Added: May 13 Updated: Jul 20 at 8:46PM Checked: Jul 21 at 3:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Bentley's
Investment Insights
Based on property information with market context.
239 High Road is a legally configured two-family property with a long history and substantial modern updates. The home includes five bedrooms and 4.5 baths, with a first-floor primary suite plus a second primary on the second floor. Improvements include a fully renovated kitchen, air conditioning, and updated heating/hot water via an on-demand system. Additional standbys include solar power and a whole-house generator. A two-story multifunctional barn and a two-car garage support the property’s flexible layout on the site.
The property is located just minutes from downtown Newburyport as well as Plum Island Beaches and the Parker River boat launch and marina.
Set on over an acre, the offering is described as “farm friendly” and includes the main residence along with the barn for additional storage or operational use.
The property is located just minutes from downtown Newburyport as well as Plum Island Beaches and the Parker River boat launch and marina.
Set on over an acre, the offering is described as “farm friendly” and includes the main residence along with the barn for additional storage or operational use.
Key Highlights
- Legally configured two‑family residence built in 1847 with 5 bedrooms and 4.5 baths
- First floor primary suite plus a second primary suite on the 2nd floor
- Fully renovated kitchen and all 4.5 baths
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.2k | $25.20 |
| − Vacancy | −$4.0k | −$1.13 |
| EGI | $84.2k | $24.07 |
| − OpEx | −$25.3k | −$7.22 |
| NOI | $59.0k | $16.85 |
3,500 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$842.3K
$737.0K – $982.7K
NOI $58,962 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,039 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legally configured two-family residence with five bedrooms, multiple primary suites, garage, and a two-story barn.
Where is this duplex located?
The property is located at 239 High Road Newbury, MA.
What is the asking price?
The asking price for this property is $1,439,900.
What are key features of this property?
This property features: Legally configured two‑family residence built in 1847 with 5 bedrooms and 4.5 baths; First floor primary suite plus a second primary suite on the 2nd floor; Fully renovated kitchen and all 4.5 baths
