This Property is No Longer Available
40-44 Forest St, Methuen, MA 01844
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$1,200,000
5 Unit
11 Beds
6 Baths
5306 SQFT
0.53 Acre

Property Description

PRIME METHUEN MULTIFAMILY INVESTMENT OPPORTUNITY! Discover this exceptional five-unit property ideally located near major highways, shopping, and everyday amenities. Each unit was thoughtfully renovated before tenant occupancy, featuring updated finishes, stainless steel appliances, and granite countertops. This property offers dedicated off-street parking lot for tenant convenience, while separately metered heat and electricity help support efficient ownership and operating expenses. A rare opportunity to acquire a well-positioned, income-producing asset in a desirable Methuen location. Buyer and Buyer's agent to conduct their own due diligence and verify all information associated with the property. Offer Deadline: Seller is asking for all offers by Monday 09/07/2026 by 3:00pm

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 7
  • Total Bedrooms: 11
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Unknown, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Microwave, Range, Refrigerator
  • Common Heating: Active Solar, Electric, Electric Baseboard, Extra Flue, Forced Air, Forced Air, Gas, Geothermal Heat Source, Heat Pump, Hot Water Radiators, Individual, Oil, Oil, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Other (See Remarks), Owner Provided
  • Gross Operating Income: 134700
  • Gross Expenses: 55000
  • GSE: 4000
  • Electric Expenses: 1100
  • Water/Sewer: 2300
  • INSC: 11370
  • RFS: 4200
  • Net Operating Income: 111730

Utilities

  • Utility Connections: for Gas Range
  • 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: Yes
  • Floors: 1
  • Levels: 2

Unit 4 Description

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

Construction

  • Year Built: 1890
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Wood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73569939
  • Last Updated: 09/08/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/08/2026Under Agreement$1,200,000$226MLSPIN
09/03/2026Active$1,200,000$226MLSPIN
08/30/2026New$1,200,000$226MLSPIN

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Seller's Representative: Pam Cail, Jill & Co. Realty Group
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 21:58:00

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