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54-56 Lime St, Newburyport MA 01950

$2,399,000

Estimated $5,056/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $799,666.67

Total Rent: 0/year

Estimated CAP Rate:

5 Bedrooms

Baths

5840

Total Parking: 6

4,900 (0.11)

A rare offering in Newburyport’s beloved South End, the historic Margaret Atwood House has stood proudly on this Joppa corner since 1810. Impeccably preserved & owned by the same family for 50+ years, this stately 3-unit residence offers 5BR, 5 baths & 4,730 sq. ft. of living space (5,840 incl. finished lower level), with exceptional flexibility: live in one unit while generating rental income, retain as a multi-family, pursue the groundwork begun for condo conversion, or restore it as a grand single-family home with private extended-family quarters. Set high above the city, an expansive rooftop deck shared by 2 units captures sweeping views over downtown, South Church, Newburyport Harbor & Plum Island Sound. Updated with modern systems & AC throughout, yet rich in soaring ceilings & preserved period detail, this is history without compromise - and an increasingly rare opportunity to own a true 3+ unit property in the heart of Newburyport.

This home has been viewed 11 times

Last Checked: October 8th, 2026 at 10:23am (Source: MLS PIN #73565093)

Gross Income: $0

Gross Expenses: $13,997

Net Income Calc: $13,997

Water Views

Annual Expenses for 54-56 Lime St, Newburyport MA 01950

Total Gross Expenses (Calculated)$13,997/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13997

Annual Income & Unit Breakdown for 54-56 Lime St, Newburyport MA 01950

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 54-56 Lime St, Newburyport MA 01950

Listing ID73565093

Property TypeMulti Family / 3 Family

Price2399000 ($410.79/SqFt)

Style3 Family

CityNewburyport

CountyEssex

MLS AreaJoppa

Neighborhood(s)Ipswich

Approximate Living Area Total5840

Approximate Lot Size (Acres)0.11

Total Parking6

Garage Parking0

Year Built1809

Year Built SourcePublic Records

Year Built DetailsActual,Renovated Since

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR3

Water ViewsYes

Water Views FeaturesBay

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 54-56 Lime St, Newburyport MA 01950

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceMeasured

ExclusionsHot Tub Is Not Staying!

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 54-56 Lime St, Newburyport MA 01950

Real Estate Taxes13997

Tax Year2026

Assessed Value$1,511,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 54-56 Lime St, Newburyport MA 01950

Elementary SchoolBresnahan

Middle SchoolNock Middle

High SchoolNewburyport Hs

Neighborhood(s)Ipswich

MLS AreaJoppa

Area AmenitiesWalk/jog Trails

Contact Information for 54-56 Lime St, Newburyport MA 01950

Agent

Name: Lynne Hendricks

Office

Name: Gibson Sotheby's International Realty

Phone: 978-255-3569

Payment Calculator

, Interest

Property Taxes 1166.42

Principal & Interest 14781.87

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Lynne Hendricks

Agent Phone

Office Phone

(978) 255-3569

Text Agent Call Agent Call Office

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    [description] => A rare offering in Newburyport’s beloved South End, the historic Margaret Atwood House has stood proudly on this Joppa corner since 1810. Impeccably preserved & owned by the same family for 50+ years, this stately 3-unit residence offers 5BR, 5 baths & 4,730 sq. ft. of living space (5,840 incl. finished lower level), with exceptional flexibility: live in one unit while generating rental income, retain as a multi-family, pursue the groundwork begun for condo conversion, or restore it as a grand single-family home with private extended-family quarters. Set high above the city, an expansive rooftop deck shared by 2 units captures sweeping views over downtown, South Church, Newburyport Harbor & Plum Island Sound. Updated with modern systems & AC throughout, yet rich in soaring ceilings & preserved period detail, this is history without compromise - and an increasingly rare opportunity to own a true 3+ unit property in the heart of Newburyport.
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    [unparsed] => 54-56 Lime St, Newburyport MA 01950
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EXIT

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Active

54-56 Lime St, Newburyport MA 01950

$2,399,000

Annual Expenses for 54-56 Lime St, Newburyport MA 01950

Annual Income & Unit Breakdown for 54-56 Lime St, Newburyport MA 01950

General Information for 54-56 Lime St, Newburyport MA 01950

Disclosures for 54-56 Lime St, Newburyport MA 01950

Financial Information for 54-56 Lime St, Newburyport MA 01950

Location Information for 54-56 Lime St, Newburyport MA 01950

Contact Information for 54-56 Lime St, Newburyport MA 01950

Agent

Office

Payment Calculator

Exclusive Listing Agent

Gibson Sotheby's International Realty

Lynne Hendricks