C
Seller's Agent in 2025
Christopher Pascoe
RE/MAX
512 Merrimack Ave Dracut, MA 01826
5
Beds
3
Baths
2,933
Sq Ft
8,167
Sq Ft Lot
Highlights
- Corner Lot
- Window Unit Cooling System
- Ceiling Fan
- Porch
- Living Room
- Baseboard Heating
About This Home
As of October 2025RARE MULTIFAMILY INVESTMENT OPPORTUNITY IN DRACUT - VALUE & CASHFLOW POTENTIAL Don't miss this opportunity to own this 3-unit multifamily, perfect for both investors and owner occupants. This versatile asset features two spacious 2-bedroom, 1 bathroom units along with a well maintained 1-bedroom, 1-bathroom unit. Regardless if you are looking to live in one unit and rent out the others, or, fully lease all three, this property offers tremendous upside. Whether you're expanding your portfolio or just getting started in multifamily investing, this property presents a rare chance to secure a cash flowing asset with long-term growth potential. First showings will take place at the open houses being hosted on Saturday and Sunday 8/9 and 8/10 from 11am to 1pm both days.
Last Agent to Sell the Property
Christopher Pascoe
RE/MAX Synergy Listed on: 08/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,954
Year Built
- Built in 1945
Lot Details
- 8,167 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Stone
Interior Spaces
- 2,933 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Living Room
Kitchen
- Range
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Dirt Floor
- Block Basement Construction
Parking
- 8 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Bulkhead
- Porch
Utilities
- Window Unit Cooling System
- 3 Heating Zones
- Baseboard Heating
- Separate Meters
- 100 Amp Service
Community Details
- 3 Units
- Net Operating Income $45,900
Listing and Financial Details
- Total Actual Rent $3,825
- Rent includes unit 1(gas water other (see remarks)), unit 2(gas water other (see remarks)), unit 3(gas water)
- Assessor Parcel Number 3516655
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2025
Closed on
Oct 15, 2025
Sold by
Sullivan
Bought by
Alves Rafaela S
Seller's Agent
Christopher Pascoe
RE/MAX Synergy
Buyer's Agent
Silvia Monteiro
Dell Realty Inc.
List Price
$774,900
Sold Price
$735,000
Premium/Discount to List
-$39,900
-5.15%
Views
77
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.53%
Original Mortgage
$698,250
Outstanding Balance
$697,619
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$59,143
Purchase Details
Closed on
Apr 24, 2025
Sold by
Sullivan Ivan P and Sullivan Barbara
Bought by
Ivan and Ivan B S
Purchase Details
Closed on
Aug 8, 1969
Bought by
Sullivan Ivan and Sullivan Barbara
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $735,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $698,250 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/17/2025 10/17/25 | Sold | $735,000 | -5.1% | $251 / Sq Ft |
| 09/07/2025 09/07/25 | Pending | -- | -- | -- |
| 08/04/2025 08/04/25 | For Sale | $774,900 | 0.0% | $264 / Sq Ft |
| 01/01/2019 01/01/19 | Rented | $1,200 | 0.0% | -- |
| 12/20/2018 12/20/18 | Under Contract | -- | -- | -- |
| 10/26/2018 10/26/18 | For Rent | $1,200 | 0.0% | -- |
| 10/01/2017 10/01/17 | Rented | $1,200 | 0.0% | -- |
| 09/16/2017 09/16/17 | Under Contract | -- | -- | -- |
| 09/05/2017 09/05/17 | Price Changed | $1,200 | 0.0% | $1 / Sq Ft |
| 09/05/2017 09/05/17 | For Rent | $1,200 | +9.1% | -- |
| 08/24/2017 08/24/17 | Under Contract | -- | -- | -- |
| 07/25/2017 07/25/17 | For Rent | $1,100 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,033 | $596,100 | $153,900 | $442,200 |
| 2024 | $5,837 | $558,600 | $146,600 | $412,000 |
| 2023 | $5,697 | $492,000 | $127,400 | $364,600 |
| 2022 | $5,374 | $437,300 | $115,800 | $321,500 |
| 2021 | $5,132 | $394,500 | $105,300 | $289,200 |
| 2020 | $4,623 | $346,300 | $102,300 | $244,000 |
| 2019 | $5,618 | $324,100 | $97,400 | $226,700 |
| 2018 | $9,881 | $311,200 | $97,400 | $213,800 |
| 2017 | $9,483 | $311,200 | $97,400 | $213,800 |
| 2016 | $3,955 | $266,500 | $93,600 | $172,900 |
| 2015 | $3,979 | $266,500 | $93,600 | $172,900 |
| 2014 | $3,236 | $223,300 | $93,600 | $129,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Silvia Monteiro
Buyer's Agent in 2025
Silvia Monteiro
Dell Realty Inc.
(617) 682-2351
2 in this area
70 Total Sales
-
D
Seller's Agent in 2019
Donna Caouette
Laer Realty
-
T
Buyer's Agent in 2019
Team Barrett Caouette
Laer Realty
-
M
Seller's Agent in 2017
Matthew Peabody
Coldwell Banker Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73413500
APN: DRAC-000072-000000-000032
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Nearby Homes
- 931 Methuen St Unit 6
- 820 Methuen St Unit 820
- 173 Merrimack Meadows Ln Unit 162
- 14 Mount Pleasant Ave
- 51 Bellevue Ave
- 78 Merrimack Meadows Ln Unit 78
- 821 Merrimack Ave
- 31 Varnum Ave
- 11 Merrimack Meadows Ln Unit 17
- 16 Winding Ln
- 16 Wetherbee Ave
- 15 Sharyn Cir
- 173 Brook St
- 100 Merrimack Ave Unit 50
- 100 Merrimack Ave Unit 91
- 100 Merrimack Ave Unit 124
- 2 Francis Dr Unit 412
- 4 Francis Dr Unit 105
- 2 Francis Dr Unit 213
- 4 Francis Dr Unit 207