A rare investment opportunity in Byfield! This custom-updated two-family ranch is fully rented through September; Unit 1 offers 3 bedrooms and 2.5 baths with a bright open layout, bamboo flooring, granite countertops, stainless steel kitchen appliances, central heating and A/C, a private deck, new windows in the primary bedroom, private driveway and attached 2-car garage. Unit 2 features 2 bedrooms and 1 bath and was significantly refreshed in 2024 with new paint, luxury vinyl plank flooring, a custom pantry, new pellet stove insert, and new lighting. Unit 2 has a private driveway with direct private entrance, backyard access, a shed, and fire pit. Additional highlights include a new roof (2022), new on-demand hot water heater (2022), updated exterior trim and gutters (2025), 2015 septic with passed Title V in hand, low taxes and a Newbury Resident Plum Island parking pass. Prime location just 0.5 miles to I-95 and minutes to downtown Newburyport, beaches and The Rusty Can!
This home has been viewed 5 times
Last Checked: January 28th, 2026 at 6:53pm (Source: MLS PIN #73472250)
Gross Income: $79,200
Gross Expenses: $5,636
Net Income Calc: $73,564
CAP Rate: 7.55%
Annual Expenses for 5 Oak Ter, Newbury MA 01922
Total Gross Expenses (Calculated)$5,636/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,636
Annual Income & Unit Breakdown for 5 Oak Ter, Newbury MA 01922
Total Gross Income (Calculated)$79,200
Unit 1
Rental Income$3,800
LeaseY
Bedrooms3
Bathrooms2 Full, 1 Half
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
Unit 2
Rental Income$2,800
LeaseY
Bedrooms2
Bathrooms1 Full
Floor0
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
General Information for 5 Oak Ter, Newbury MA 01922
Listing ID73472250
Property TypeMulti Family
Price$975,000 ($240.44/SqFt)
StyleMulti Family
CityNewbury
CountyEssex
MLS AreaByfield
Neighborhood(s)Ipswich
Approximate Living Area Total4,055 SqFt
Approximate Lot Size (Acres)0.59 acres
Total Parking12 (2 Garage)
Garage Parking2 / Detached
Year Built1968
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor SpaceDeck
ZoningAR4
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Ownership(other (see Remarks))
Energy Features
Terms
Disclosures for 5 Oak Ter, Newbury MA 01922
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area DisclosureBuyer to verify all dimensions
Building Area SourcePublic Records
Title 5Passed
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$79,200
Total Net Income By Broker$79,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 5 Oak Ter, Newbury MA 01922
Real Estate Taxes$5,636
Tax Year2025
Assessed Value$756,500
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$79,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$79,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.55%
Location Information for 5 Oak Ter, Newbury MA 01922
Elementary School
Middle School
High School
Neighborhood(s)Ipswich
MLS AreaByfield
Area AmenitiesHighway Access
Contact Information for 5 Oak Ter, Newbury MA 01922