24 Josephine Avenue Methuen — Photo 1 of 36
$569,900
Investment Analysis — 24 Josephine Avenue
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01844 carries an estimated $2,310/mo in gross rent — about a 2.65% cap rate and $15,115/yr in estimated NOI at the $569,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,386
Style
Single Family
Built
1994
Charming 2-bedroom 1994 Cape located in a welcoming neighborhood setting with convenient access to major highways. The home features an open-concept kitchen with quartz countertops and a center island, a spacious front-to-back living room with a cozy fireplace, wood floors throughout, and 1½ baths. Both bedrooms offer dual, spacious closets, while the walk-in attic and full basement provide excellent opportunities for future expansion. An oversized one-car garage and expansive yard with beautiful new block wall and patio hardscape, enclosed by attractive white vinyl fencing, and storage shed complete the property, with plenty of space for a pool, outdoor entertaining, gardening, and more!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 693 sq ft (the lesser of 900 sq ft or half the 1,386 sq ft principal dwelling). Lot size: 11,591 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Microwave • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12.11 x 23
Flooring - Wood
Dining Room
Lvl First11.6 x 11
Flooring - Wood
Kitchen
Lvl First15.7 x 15.7
Countertops - Stone/Granite/Solid, Kitchen Island
Primary Bedroom
Lvl Second11.6 x 15.5
Flooring - Wood
Bedroom 2
Lvl Second11.6 x 11.3
Bathroom 1
Lvl SecondBathroom - Full
Bathroom 2
Lvl FirstBathroom - Half
Listing Agent: Gail Waitt
Listing Office: Berkshire Hathaway HomeServices Verani Realty Salem
MLS® Number: 73579712
