1-3 Hudson St Methuen — Photo 1 of 41
$875,000
Investment Analysis — 1-3 Hudson St
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 01844 carries an estimated $7,300/mo in gross rent — about a 6.83% cap rate and $59,764/yr in estimated NOI at the $875,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
3
SqFt
3,653
Style
3 Family
Built
1929
Lovely, well maintained three family home located in a quiet and convenient location close to schools, highways and shopping. The property offers a large private yard with plenty of off street parking and a two car detached garage. The first and second floor units have similar layouts offering a formal living room, dining room, kitchen with large dining area and a butler pantry, full bathroom and 3 bedrooms. The first floor has laundry in the unit. The third floor is a very nice three room, one bedroom apartment with a full bath. All units have separate utilities. This home has been in the same family for 40+ years and that is apparent with it's care. There have been many improvements with the updated gas hot water boilers for the first and second floor, newer heat pump mini-split on the third floor, new decks and newer double insulated windows throughout. Other features are newer garage doors, hardwood flooring, appliances in all units, window air conditioners, attic storage, basement storage, exterior and interior access to the basement, front and rear decks for the first and second floor. Whether you are an investor or looking for a great family home with income, this is the perfect property. Open House Sunday 9/20 12:30-2. All Offers due by Monday 9/21 at 2:00 PM. Please allow 24 hours for a response.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat
Geography
Listing Agent: The Fisichelli Team
Listing Office: Keller Williams Realty
MLS® Number: 73579031
