Property Description

This beautifully maintained 2-family home is set on the corner of Vermont & Fairoaks in one of Methuen’s most charming, tree-lined neighborhoods. Even w/ below-market rents, this property is a proven money maker offering a great opportunity for both owner-occupants & investors. Each unit features 4+ bdrms, 2 full baths, eat-in kitchen, dining rm, living rm, & bonus rms perfect for a home office or additional living space. W/ stunning craftsmanship & preserved architectural details, this home radiates character, & functionality. , This is truly a move-in-ready property w/ many major updates & system upgrades already completed. A large yard & detached garage add even more value & appeal. Located just minutes from restaurants, shopping, medical facilities, & with easy access to major highways, this home offers comfort & connectivity. Whether you choose to live in one unit and rent the other to offset your mortgage or rent both for income, this versatile property checks all the boxes.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Total Fireplaces: 2
  • Amenities: Medical Facility, Public Transportation, Shopping
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub, Crown Molding, Floored Attic, Heated Attic, Slider, Tile Floor, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Common Heating: Active Solar, Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 43200
  • Net Operating Income: 43200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Construction

  • Year Built: 1901
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73371863
  • Last Updated: 05/08/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/08/2025New$1,095,000$203MLSPIN
03/01/2025Expired$1,199,000$222MLSPIN
11/19/2024Temporarily Withdrawn$1,199,000$222MLSPIN
10/22/2024Active$1,199,000$222MLSPIN
10/18/2024Price Change$1,199,000$222MLSPIN
08/18/2024Active$1,250,000$232MLSPIN
08/14/2024New$1,250,000$232MLSPIN

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Seller's Representative: Jane Cresta, Berkshire Hathaway HomeServices Verani Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-08 13:00:00

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