16 Quincy St, Methuen, MA 01844
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$1,175,000
3 Unit
6 Beds
5 Baths
5386 SQFT
0.23 Acre

Property Description

NEW PRICE + $20,000 SELLER CREDIT WITH AN ACCEPTABLE OFFER! A rare opportunity to own one of Methuen’s most distinctive and spacious multi-family properties. This impressive three-unit residence offers over 5,300 sq. ft. of living space, beautiful architectural character, generous room sizes, multiple fireplaces, stained glass details, updated systems, and exceptional flexibility for an owner-occupant, investor, or multi-generational living arrangement. The current owner has completed extensive improvements and upgrades throughout the property, preserving its historic character while enhancing functionality, comfort, and long-term value. The expansive primary residence offers the feel of a substantial single-family home while the additional units provide valuable rental income potential.Seller is offering up to a $20,000 credit with an acceptable offer, which may be used toward exterior painting and finishing, closing costs, an interest-rate buy down, or other allowable buyer expenses.Seller resides out of state and prefers a simple, streamlined as-is transaction. Buyers are encouraged to conduct inspections for informational purposes.This is a unique opportunity to own a property with size, character, income potential, and flexibility that is difficult to replicate in today’s market.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 5
  • Total Fireplaces: 4
  • Amenities: Highway Access, Laundromat, Medical Facility, Private School, Public School, Public Transportation, Shopping
  • Basement Features: Bulkhead, Concrete Floor, Full
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Security System, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Common Heating: Central Heat, Central Heat, Ductless Mini-Split System, Electric, Electric, Extra Flue, Forced Air, Forced Air, Gas, Heat Pump, Hot Water Radiators, Oil, Space Heater, Steam
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 82800
  • Gross Expenses: 25167
  • Water/Sewer: 1265
  • INSC: 3936
  • Repairs & Maintenance: 6200
  • Management Fee: 3500
  • Miscellaneous Expense: 10266
  • Net Operating Income: 57633

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Storm Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Shingle, Slate
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73517102
  • Last Updated: 09/08/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/08/2026Price Change$1,175,000$218MLSPIN
06/12/2026Active$1,249,000$232MLSPIN
06/08/2026Price Change$1,249,000$232MLSPIN
05/25/2026Active$1,399,000$260MLSPIN
05/21/2026New$1,399,000$260MLSPIN

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Seller's Representative: Kris Peters, eXp Realty LLC - Corporate Office
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 2026-09-08 20:44:00

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