Seller's Agent in 2025
Michael Alvarez
Alvarez Real Estate Group LLC
(617) 329-9493
1 in this area
2 Total Sales
15-15 1/2 Central St Methuen, MA 01844
Downtown Methuen Neighborhood
7
Beds
5
Baths
4,074
Sq Ft
0.27
Acres
Highlights
- Medical Services
- Deck
- Wood Flooring
- Mendota Elementary School Rated A
- Property is near public transit
- Corner Lot
About This Home
As of April 2025Well-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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,490
Year Built
- Built in 1900
Lot Details
- 0.27 Acre Lot
- Fenced
- Corner Lot
Parking
- 1 Car Garage
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,074 Sq Ft Home
- Living Room
- Dining Room
Kitchen
- Range
- Microwave
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- Heating System Uses Oil
Listing and Financial Details
- Total Actual Rent $8,250
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
- Assessor Parcel Number 7126411
Community Details
Overview
- 4 Units
- Property has 2 Levels
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Operating Expense $28,720
- Net Operating Income $70,280
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | Sold | $950,000 | -5.0% | $233 / Sq Ft |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- |
| 02/20/2025 02/20/25 | For Sale | $999,900 | -- | $245 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Michael Alvarez
-
Jefri Liriano
Buyer's Agent in 2025
Jefri Liriano
Liriano Realty
(617) 467-2870
2 in this area
109 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73336807
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