$975,000
OPEN SAT 11AM - 1PM

97-99 Lowell St Methuen, MA 01844

Downtown Methuen Neighborhood

Estimated payment $5,639/month

7 Beds
3 Baths
2,590 Sq Ft
$376 Price per Sq Ft

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Corner Lot
  • Mendota Elementary School Rated A
  • Sun or Florida Room
  • Skylights

About This Home

Nothing to do but collect the rent. Exceptional opportunity to own a well-maintained three-family property featuring spacious apartments with numerous updates throughout. Each unit offers an updated kitchen and bath, and a mix of laminate, hardwood, and ceramic tile flooring. Property improvements include a new roof (2017), new vinyl siding (2023), and a new hot water heater (2024). Each unit is separately metered for gas and electricity. Laundry for Unit 1 is located in the basement, Unit 2 and Unit 3 laundry conveniently located inside each unit. This property has great long-term tenants and is ideally situated near The Loop and tax-free New Hampshire, providing convenient access to shopping, dining, and major highways. Only an eight minute walk to downtown Methuen.

Listing Agent

Lynne Marshall

ERA Key Realty Services Listed on: 11/19/2025

ERA Key Realty Services

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,003

Year Built

  • Built in 1900

Lot Details

  • 5,001 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 2,590 Sq Ft Home
  • Property has 1 Level
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

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

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • Separate Meters

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 2040947

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $4,676
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,003

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Levels: 3
  • Year Built Details: Actual
  • APOD AVAILABLE: Yes
  • Special Features: OpenHouse
  • Stories: 3

Interior Features

  • Flooring: Stone/Ceramic Tile, Hardwood
  • Interior Amenities: Pantry, Lead Certification Available, Bathroom With Tub & Shower, Other, Ceiling Fan(s), Cathedral/Vaulted Ceilings, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room, Sunroom
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 7
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Concrete, Unfinished
  • Above Grade Finished Sq Ft: 2590
  • Living Area: 2590
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Skylight(s)
  • MAIN LO: K95310

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 6
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: None, Ductless
  • Heating: Baseboard, Natural Gas, Steam, Electric, Ductless
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Electric, Tank

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2040947
  • Zoning: RG
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 5001
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 6003

Multi Family

  • Net Operating Income: 72000
  • Number Of Units Total: 3
  • Operating Expense: 4676
  • Total Actual Rent: 6000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y

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 List to Sale Price per Sq Ft
11/19/2025 11/19/25 For Sale $975,000 -- $376 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73456329

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Methuen 01844 Downtown Methuen

97-99 Lowell St, Methuen, MA

For Sale

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MLS Property Information Network (MLS PIN) 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.

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Lynne Marshall
Listing Agent
Lynne Marshall
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ERA Key Realty Services
(351) 777-6022