Pending
Under Agreement
15-15 1/2 Central Street
Methuen MA, 01844
$999,900
$245.43 per sqft
Pending
Under Agreement
7 Beds
5 Baths
4,074 sqft
Multi-family
Built in 1900
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.
73336807
MLSⓇ ID
February 20, 2025
Listed
February 27, 2025
Updated
Interior Features
Total Stories
6
Bedrooms
7
Total Bathrooms
5
Full Bathrooms
5
Interior Features
Living Room, Dining Room, Kitchen, Laundry Room
Appliances
Range, Microwave, Refrigerator, Washer, Dryer
Laundry Description
Gas Dryer Hookup
Floor Description
Vinyl, Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Oil
Basement
Yes
Exterior/Building Features
Lot Size
0.27 Acres
Lot Features
Corner Lot
Roof
Shingle
Sewer
Public Sewer
Patio And Porch
Porch, Deck
Other Property Details
Area Name
Central
Taxes
$8,490
Tax Frequency
Annually
Days on Market
7
Garage
Yes
Garage Spaces
1
Parking
Off Street
Parking Total
5
View
No
County
Essex
Water Source
Public
Utilities
for Gas Range, for Gas Dryer
Zoning
RG
Listing History
Date | Event | Price |
|---|---|---|
2/27/2025 | Pending | — |
Courtesy of Michael Alvarez, Alvarez Real Estate Group LLC
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Data last updated 4:18 PM UTC, 2/27/2025
