1-3 Fairoaks Ave, Methuen MA 01844

Methuen, MA 01844
$1,000,000
Est. $5,322/month
8
Beds
4
Baths
5,398
Sq Ft
$185
Price/Sq Ft
0.34
Acres
1901
Year Built
Multi Family
Type
34
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73371863

About this home

This beautifully maintained 2-family home is set on the corner of Vermont & Fairoaks in one of Methuen’s most charming, tree-lined neighborhoods. Even w/ below-market rents, this property is a proven money maker offering a great opportunity for both owner-occupants & investors. Each unit features 4+ bdrms, 2 full baths, eat-in kitchen, dining rm, living rm, & bonus rms perfect for a home office or additional living space. W/ stunning craftsmanship & preserved architectural details, this home radiates character, & functionality. , This is truly a move-in-ready property w/ many major updates & system upgrades already completed. A large yard & detached garage add even more value & appeal. Located just minutes from restaurants, shopping, medical facilities, & with easy access to major highways, this home offers comfort & connectivity. Whether you choose to live in one unit and rent the other to offset your mortgage or rent both for income, this versatile property checks all the boxes.

Sale Statistics

Sale Overview
Original List Price: $1,095,000
Final Sale Price: $1,000,000
Difference: $95,000 (-8.7%)
Performance Metrics
91.3%
List to Sale Ratio
Sold below asking price
34
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $203
Sale $/sq ft: $185
This property sold for $185 per square foot
Sale Summary

This property sold for 8.7% below the original asking price.

The property spent 34 days on market before selling.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1901
Bedrooms
8
Full Bathrooms
4
Living Area
5,398 sq ft
Total Rooms
19
Stories
6
Levels
6

Interior Features

Flooring
Wood, Tile, Carpet, Hardwood
Heating
Baseboard, Hot Water
Has Heating
Yes
Cooling
None
Has Cooling
No
Fireplace Features
Wood Burning
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features
Floored Attic, Walk-Up Attic, Heated Attic, Bathroom with Shower Stall, Bathroom With Tub, Slider, Crown Molding, Living Room, Dining Room, Kitchen, Office/Den
Basement Details
Full

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Block, Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.34 acres
Lot Size
14,985 sq ft
Lot Size Area
0.3400
Lot Features
Corner Lot, Wooded, Level
Road Frontage Type
Public

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
14
Parking Features
Paved Drive
Covered Parking Spaces
2

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

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

Financial & Tax Information

Annual Tax Amount
$11,915
Tax Year
2025
Tax Assessed Value
$1,126,200
Parcel Number
M:00914 B:00098 L:06869,3691206
Zoning
RC

Additional Details

Year Built Source
Public Records
Year Built Details
Actual

Location

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Neighborhood

1-3 Fairoaks Ave, Methuen MA 01844

Methuen, MA 01844

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $993
Homeowners Insurance $200
PMI $0

Property History

Market Insights

8.7%
Price Range
36
Total Days on Market

Property Timeline

Sold
Jul 17, 2025
$1,000,000
Property sold
Days on Market: 36
🏠
Listed for Sale
May 8, 2025
$1,095,000
Original listing
Agent: Jane Cresta Office: Berkshire Hathaway HomeServices Verani Realty

Price & Status History

Date Event Price Change
May 8, 2025 New Listing Added $1,095,000

Market Statistics

Days on Market
34 days
Price per Sq Ft
$185

Tax History

Year Taxes Assessment
2025 $11,915 $1,126,200

Financial Details

Annual Property Tax
$11,915
Tax Year 2025
Assessed Value
$1,126,200

Listing Information

Listing Agent Jane Cresta
Listing Office Berkshire Hathaway HomeServices Verani Realty
Agent MLS ID C8001509
Office MLS ID AN0992

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