Discover this exceptional 2-family home, a proven money maker even w/ current below-market rents, nestled in the picturesque Methuen neighborhood at the corner of tree-lined Vermont and Fairoaks. This property has been lovingly maintained for years, w/ numerous major updates and replacements already completed—leaving nothing to do but make it your own. With it's stunning craftsmanship and character, each side offers 4+ bedrooms, 2 baths, eat in kitchens, living room, dining room, and extra rooms for office, etc. Conveniently located just minutes from excellent local dining, shopping, medical facilities, and major highway access, this property offers the perfect blend of comfort and accessibility. Whether you're looking to occupy one unit and offset your mortgage with the rental income from the second unit or seeking a solid investment opportunity with both units rented out, this home is ideal for both scenarios.
This listing has been viewed 6 times in the past 15 days
Last Updated: October 19th, 2024 at 6:53am
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General Information for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,199,000
Price per sqft$222.12
MLS #73277653
Handicap Access / FeaturesNo
List Date2024-08-14
Special Listing ConditionsNo
StateMassachusetts
Street NameFairoaks Ave
CityMethuen
Zip Code01844
CountyEssex
MLS Status
Covered Parking Spaces2
Heating Y/NYes
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total5398
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces2
Listing Service
UnparsedAddress1-3 Fairoaks Ave, Methuen MA 01844
Zoning
Interior Features for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844
* Approx. Living Area Total5,398 sq ft
Living Area Includes BasementNo
Bedrooms8
* # Fireplaces2
Bathrooms (Total)4
Full Baths4
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_14
MLSPIN_BEDRMS_24
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_12
MLSPIN_F_BTHS_22
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844
* Approximate Lot Size0.34 acres
Covered Parking Spaces2
Lot FeaturesCorner Lot, Level, Wooded
* Parking Spaces14
* Sewer Utilities
* Water Utilities
* Year Built1901
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsBlock,Stone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)14,985 Sqft
Disclosures for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREY
Lead PaintNone
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$43,200
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_13
MLSPIN_LEVELS_23
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11800
MLSPIN_RENT21800
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$43,200
OperatingExpense$0
OriginalListPrice$1,250,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water)
TOTAL_RENT3600
WaterSewerExpense$0
Lifestyle Information for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844
Elementary School
Middle School
High School
NumberOfUnitsTotal2
Marketing History for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844
MLSPIN_MARKET_TIME_BROKER65
MLSPIN_MARKET_TIME_PROPERTY65
PurchaseContractDate
Agent Information for 1-3 Fairoaks Ave, Methuen, Massachusetts 01844