Renovated Brick
For Sale
$1,190,000
41 Middle St, Newburyport, MA 01950
Two furnished residences support owner occupancy, rental income, or multigenerational use.
Property Size2,103 SF
Price / SF$565.86
Days on Market47
Property Features for 41 Middle St
General Information
Standard status
Active
Size
2,103 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Furnished
Yes
Multifamily Units
2
Building Details
Year Built
1850
Buildings
1
Construction
brick rowhouse
Listing Agency:
Seaside Realty
Listed By:
Kerri O'Neill
(978) 335-5586
Source:
Remmesco
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 1:47AM
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 Seaside Realty
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Investment Insights
Based on property information with market context.
This renovated brick duplex contains two furnished residences within a 2,103-square-foot rowhouse built in 1850. The two-unit layout can accommodate an owner-occupant with rental income, multigenerational living, or an investment use.
At 41 Middle St in downtown Newburyport, the property is near the waterfront and State Street restaurants. The sale includes one year of prepaid parking at a nearby lot.
At 41 Middle St in downtown Newburyport, the property is near the waterfront and State Street restaurants. The sale includes one year of prepaid parking at a nearby lot.
Key Highlights
- Renovated brick rowhouse with two furnished residences
- 2,103 square feet; built in 1850
- Downtown Newburyport location near the waterfront and State Street restaurants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,428
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,560
$708.6K
Cap Rate 7%
$506,114
$506.1K
Cap Rate 9%
$393,644
$393.6K
Market Conditions
NOI Build-Up for 2,103 SF
Gross rent
$53.0K $25.20/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$50.6K $24.07/SF
− OpEx
−$15.2K −$7.22/SF
NOI
$35.4K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,560
Cap Rate 7%
$506,114
Cap Rate 9%
$393,644
Alternative Uses
Best Use
Multifamily LT 5
$506.1K
$442.9K – $590.5K
NOI $35,428 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$456.8K
$399.7K – $533.0K
NOI $31,979 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,148 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
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Business Placement
Demographics for 01950, MA
18,289
Population
8,298
Households
2.2
Avg Household Size
50
Median Age
66%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,177
Density / Sq Mi
$144,259
Median Household Income
$85,573
Median Earnings
$1,511
Median Rent
$792,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences support owner occupancy, rental income, or multigenerational use.
Where is this duplex located?
The property is located at 41 Middle St Newburyport, MA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Renovated brick rowhouse with two furnished residences; 2,103 square feet; built in 1850; Downtown Newburyport location near the waterfront and State Street restaurants
