$950,000
SOLD NOV 20, 2024

157 Swan St Methuen, MA 01844

The East End Neighborhood
10 Beds
4 Baths
5,446 Sq Ft
0.75 Acres

Recently Sold

$174 Per Sq Ft

14% Below List Price

30 Days on Market

Highlights

  • Medical Services
  • 0.75 Acre Lot
  • Property is near public transit
  • Solar Power System
  • Deck
  • 1 Fireplace

About This Home

As of November 2024

Amazing multi-family opportunity! Great location, updated units, great cashflow potential. Some current rents are below market. Large and level lot - there may be potential to build, Buyer and Buyer's Agent to perform any and all due diligence with City, Seller had preliminary discussions. Solar is owned, additional information to be provided by Seller. Set up showing or attend an Open House. Private showings require proof of funds or preapproval. One unit available to show, other units will be shown with accepted offer. Please do not disturb tenants. All information provided by Seller, Buyer and Buyer Agent to perform all due diligence.

Last Agent to Sell the Property

The Schlesman Realty Group

ERA Key Realty Services

ERA Key Realty Services

Last Buyer's Agent

Michael Jimenez

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,812

Year Built

  • Built in 1952

Lot Details

  • 0.75 Acre Lot
  • Gentle Sloping Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 5,446 Sq Ft Home
  • 1 Fireplace
  • Combination Dining and Living Room
  • Vinyl Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 10 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • 4 Heating Zones
  • Heating System Uses Oil
  • 200+ Amp Service

Additional Features

  • Solar Power System
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $9,200
  • Rent includes unit 1(heat electric water hot water), unit 2(heat electric water hot water), unit 3(heat electric water hot water)
  • Assessor Parcel Number 2047704

Community Details

Overview

  • 4 Units
  • Property has 2 Levels

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Building Details

  • Electric Expense $10,482
  • Insurance Expense $3,649
  • Operating Expense $26,133
  • Net Operating Income $84,267

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,812

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1952
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour
  • Stories: 5

Interior Features

  • Flooring: Vinyl
  • Interior Amenities: Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 10
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Living Area: 5446
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: K95310
  • LIST PRICE PER Sq Ft: 182.7
  • PRICE PER Sq Ft: 174.44
  • MAIN SO: AN4339

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Oil
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 4
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Shopping, Medical Facility, Laundromat, Highway Access, T-Station
  • Rent Includes: Unit 1(Heat,Electric,Water,Hot Water), Unit 2(Heat,Electric,Water,Hot Water), Unit 3(Heat,Electric,Water,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2047704
  • Zoning: RC
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.75
  • Lot Size Area: 0.75
  • Lot Size Sq Ft: 32583
  • Lot Size Units: Acres
  • PAGE: 252
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Generation: Solar

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7812
  • Tax Book Number: 15996

Multi Family

  • Electric Expense: 10482
  • Gross Income: 110400
  • Insurance Expense: 3649
  • Net Operating Income: 84267
  • Number Of Units Total: 4
  • Operating Expense: 26133
  • Total Actual Rent: 9200
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Sold $950,000 -4.5% $174 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
10/02/2024 10/02/24 Price Changed $995,000 -9.5% $183 / Sq Ft
09/22/2024 09/22/24 For Sale $1,100,000 0.0% $202 / Sq Ft
09/15/2024 09/15/24 Pending -- -- --
09/07/2024 09/07/24 For Sale $1,100,000 -- $202 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73286895

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Methuen 01844 The East End

157 Swan St, Methuen, MA

Homes for Sale in Methuen, MA

This home is located at 157 Swan St, Methuen, MA 01844 and is currently priced at $950,000, approximately $174 per square foot. This property was built in 1952. 157 Swan St is a home located in Essex County with nearby schools including Timony Grammar School, Methuen High School, and Community Day Charter Public School - Gateway.

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