37 Albion St, Methuen, MA 01844
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$800,000
2 Unit
5 Beds
2 Baths
2500 SQFT
0.14 Acre

Property Description

Well-maintained 2-family property offering updated kitchens and bathrooms in both units. The first-floor unit includes 2 bedrooms, 1 full bath, a spacious living room, and a thoughtfully designed kitchen with modern updates and plenty of cabinet space. The second-floor unit features 3 bedrooms, 1 full bath, an open living and dining area that creates a comfortable flow, plus a versatile bonus room that works well as an office, playroom, or additional storage. Both units are currently occupied, providing steady rental income from day one. The property offers efficient layouts, well-sized rooms, and desirable updates throughout. Ideal opportunity for investors seeking reliable cash flow or buyers looking for a multi-family with strong long-term potential. Showings start at the open house 12/6 at 1:30pm.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Basement Features: Full
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room, Office/Den, Sunroom
  • Common Interior Features: Ceiling Fans, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Range, Refrigerator, Washer & Dryer Hookup
  • Common Heating: Central Heat, Hot Water Radiators, Steam
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 18000
  • Net Operating Income: 18000

Utilities

  • 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: 2

Construction

  • Year Built: 1900
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73458499
  • Last Updated: 12/02/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/01/2025New$800,000$320MLSPIN

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Seller's Representative: Drake Cormier, Coldwell Banker Realty - Beverly
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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The property listing data and information 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 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 set forth herein.

MLS PIN data last updated at 2025-12-02 10:40:00

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