Well-maintained four-unit multifamily investment property in the heart of Methuen. This asset offers a mix of (1) 4-bedroom/2-bathroom townhouse unit and (3) 1-bedroom/1-bathroom units, totaling 4,074 square feet of living space on a 0.27-acre parcel. Recent property improvements, including a newer roof, windows, insulation, water heater tank, and boiler, enhance long-term value and minimize maintenance costs. Additional amenities such as off-street parking, a garage, and backyard space. Located in a high-demand residential neighborhood, the property provides seamless access to major highways (Routes 93 & 213), downtown Methuen, and is just minutes from the New Hampshire state line. Current rental rates are below market, presenting an opportunity to enhance revenue by aligning rents with market levels.
Sale Statistics
Sale Overview
Original List Price:$999,900
Final Sale Price:$950,000
Difference:
$49,900 (-5.0%)
Performance Metrics
95.0%
List to Sale Ratio
Sold below asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$245
Sale $/sq ft:$233
This property sold for $233 per square foot
Sale Summary
This property sold for 5.0% below the original asking price.
With only 6 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
4 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
7
Full Bathrooms
5
Living Area
4,074 sq ft
Total Rooms
23
Stories
5
Levels
5
Interior Features
Flooring
Vinyl, Hardwood
Heating
Oil
Has Heating
Yes
Cooling
Other
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Microwave, Refrigerator, Washer, Dryer
Interior Features
Living Room, Dining Room, Kitchen, Laundry Room
Laundry Features
Gas Dryer Hookup
Basement Details
Full, Walk-Out Access, Unfinished
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Patio/Porch Features
Porch, Deck
Fencing
Fenced
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.27 acres
Lot Size
11,761 sq ft
Lot Size Area
0.2700
Lot Features
Corner Lot
Road Frontage Type
Public
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
5
Parking Features
Off Street
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Gas Range, for Gas Dryer
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, Other
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$8,490
Tax Year
2025
Tax Assessed Value
$802,500
Parcel Number
7126411
Zoning
RG
Financial Data Source
Estimated, Owner, Other (See Remarks)
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
(1) one-bedroom unit is currently vacant, with another expected to be vacated soon. The owner's townhouse unit will also be vacated upon sale.
Location
Loading map...
Neighborhood
Central
15-15 1/2 Central Street, Methuen MA 01844
Methuen, MA 01844
Walkability
Loading Walk Score...
Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$708
Homeowners Insurance$200
PMI$0
Property History
Market Insights
5%
Price Range
7
Total Days on Market
Property Timeline
✓
Sold
Apr 7, 2025
$950,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Feb 20, 2025
$999,900
Original listing
Agent: Michael AlvarezOffice: Alvarez Real Estate Group LLC
