• $1,200,000List Price
  • 11Bedrooms
  • 6Bathrooms
  • 0.53Acreage
  • 1890Year Built
  • 5,306Square Feet

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.

More Info

Basic Information

  • Gross Income $102,525
  • Mls StatusNew
  • Parcel Number M:0516 B:0154 L:0004,2039964
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Road Frontage DescriptionPaved

Location

  • Address40-44 Forest Street
  • Building Number40-44
  • CountyEssex
  • StateMA
  • StreetForest Street
  • TownMethuen
  • Zip01844

Exterior

  • Exterior Features Rain Gutters, Varies per Unit
  • RoofShingle

Utilities

  • Electric Expense 1100
  • Heat SystemYes
  • Heating
    • Electric
    • Forced Air
    • Hot Water
    • Individual
    • Natural Gas
    • Unit Control
  • Sewer Public Sewer
  • Water Source Public

Legal

  • ZoningRD

Tax Information

  • Tax Assessed Value $1,080,900
  • Tax Year 2026
  • Taxes$11,241

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 5.5
  • Bedrooms11
  • Full Bath5
  • Half Baths1

Building

  • BasementWalk-Out Access
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 7
  • Patio And Porch Features Porch
  • Rooms23
  • Stories7
  • Units5
  • Utilities For Gas Range
  • Year Built1890
  • Year Built Details Actual
  • Year Built Source Public Records

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Public School
    • Public Transportation
    • Shopping
  • Appliances IncludedRange, Microwave, Refrigerator

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Assigned, Paved
  • Parking Spaces13

Basic Information

  • List Price$1,200,000
  • MLS Number73569939
  • Modification Date08/30/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.53

Interior

  • Flooring Wood, Hardwood
  • Interior Features
    • Bathroom With Tub & Shower
    • Dining Room
    • High Speed Internet
    • Internet Available - Unknown
    • Kitchen
    • Living Room
    • Remodeled
    • Stone/Granite/Solid Counters
    • Sunroom
    • Upgraded Cabinets
    • Upgraded Countertops
    • Walk-In Closet(s)

Property Information

  • Building Area Source Public Records
  • Living Area 5,306
  • Lot Size Square Feet 23,204
  • Lot Size Units Acres
  • Square Feet5,306

Other

  • Date Listed08/30/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Pam Cail of Jill & Co. Realty Group

Methuen, MA Demographics

There is no data available

Methuen, MA Real Estate Market Data

There is no data available

Methuen, MA Schools

School NameDistanceTypeGrades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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