97-99 Lowell St., Methuen, MA 01844
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$975,000
3 Unit
7 Beds
3 Baths
2590 SQFT
0.11 Acre

Property Description

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 convenientlyĀ located inside each unit.Ā 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.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Ceiling Fans, Lead Certification Available, Other (See Remarks), Pantry
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Ductless Mini-Split System, Electric, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators, Space Heater, Steam
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Gross Operating Income: 72000
  • Gross Expenses: 4676
  • Net Operating Income: 72000

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73456329
  • Last Updated: 11/23/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/23/2025Active$975,000$376MLSPIN
11/19/2025New$975,000$376MLSPIN

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Seller's Representative: Lynne Marshall, ERA Key Realty Services
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 2025-11-23 04:05:00

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