1-7 Pelham St, Methuen MA 01844

Methuen, MA 01844 • West Methuen
$950,000
Est. $5,056/month
7
Beds
4
Baths
4,480
Sq Ft
$212
Price/Sq Ft
0.23
Acres
1920
Year Built
4 Family
Type
254
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73119474

About this home

MIXED USE excellent property with TWO RESIDENTAL FAMILY plus two commercial located within minutes of Route 93 and Salem, NH, and close to downtown. The first floor features 5/3/2 with the potential for a fourth bedroom. The second unit has 5/3/1. The unfinished attic is a plus with the potential for expansion. It also has a full walkout basement, a large fence, and plenty of off-street parking—accessible schools such as Methuen High and Marsh School. The commercial right side is VACANT, which has electric heat, commercial cooking vents, a grease trap, and a fire prevention system. The left side is a Barbershop with AC and central heat. Each side has access to a full basement. Ask your lender, as it may qualify for FHA financing.

Sale Statistics

Sale Overview
Original List Price: $1,099,500
Final Sale Price: $950,000
Difference: $149,500 (-13.6%)
Performance Metrics
86.4%
List to Sale Ratio
Sold below asking price
254
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $245
Sale $/sq ft: $212
This property sold for $212 per square foot
Sale Summary

This property sold for 13.6% below the original asking price.

At 254 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
4 Family
Property Category
Residential Income
Year Built
1920
Bedrooms
7
Full Bathrooms
3
Half Bathrooms
2
Living Area
4,480 sq ft
Total Rooms
15
Stories
4
Levels
4

Interior Features

Flooring
Varies, Laminate
Heating
Baseboard, Natural Gas, Forced Air
Has Heating
Yes
Cooling
Other
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Refrigerator
Interior Features
Living Room, Kitchen
Laundry Features
Electric Dryer Hookup
Basement Details
Full, Walk-Out Access
Window Features
Storm Window(s)

Exterior & Structure

Construction Materials
Frame
Roof
Shingle, Rubber
Foundation
Stone
Fencing
Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.23 acres
Lot Size
9,988 sq ft
Lot Size Area
0.2300
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
10
Parking Features
Off Street

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Medical Facility, Laundromat
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,967
Tax Year
2023
Tax Assessed Value
$766,400
Parcel Number
M:00612 B:00124 L:00103,2040748
Zoning
CBD

Additional Details

Year Built Source
Public Records
Year Built Details
Unknown/Mixed
Exclusions
All Equipment Owned By The Barber Shop.
Listing Terms
Other (See Remarks)

Location

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Neighborhood

West Methuen

1-7 Pelham St, Methuen MA 01844

Methuen, MA 01844

Walkability

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Schools

Elementary School
Marsh
Rating information coming soon
Middle School
Marsh
Rating information coming soon
High School
Methuen High
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $747
Homeowners Insurance $200
PMI $0

Property History

Market Insights

4.5%
Price Range
255
Total Days on Market

Property Timeline

Sold
Mar 14, 2024
$950,000
Property sold
Days on Market: 255
🏠
Listed for Sale
Jun 2, 2023
$995,200
Original listing
Agent: Raul Ortega Office: Berkshire Hathaway HomeServices Verani Realty Methuen

Price & Status History

Date Event Price Change
Jun 2, 2023 New Listing Added $995,200

Market Statistics

Days on Market
254 days
Price per Sq Ft
$212

Tax History

Year Taxes Assessment
2023 $8,967 $766,400

Financial Details

Annual Property Tax
$8,967
Tax Year 2023
Assessed Value
$766,400

Listing Information

Listing Agent Raul Ortega
Listing Office Berkshire Hathaway HomeServices Verani Realty Methuen
Agent MLS ID G0002000
Office MLS ID AN7828

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