31 Lincoln St Methuen — Photo 1 of 32
Recent Drop: $44,000
$575,000
Investment Analysis — 31 Lincoln St
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01844 carries an estimated $2,770/mo in gross rent — about a 3.51% cap rate and $20,197/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,560
Style
Single Family
Built
1942
Walk into your home full of tastefully appointed updates with comfort and style as well as smart features.This house has an updated kitchen with two nicely sized bedrooms on the first floor and a newly renovated bathroom on the main level (2026) as well. Second floor has a primary suite with a beautiful spacious bathroom as well.The basement is partially finished with a possible den/office space/gameroom. Separate laundry area. Utility space. Lots of Storage.New roof 2023, New Siding 2023, New vinyl fence 2024, , water heater 2023, water treatment 2023, fully fenced-in level, back yard that boasts beautiful perennial garden and growing fruit trees (pear, plum). carport and shed complete the backyard offering a driveway to park 8-10 cars. check them out!
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: 780 sq ft (the lesser of 900 sq ft or half the 1,560 sq ft principal dwelling). Lot size: 17,498 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 MLS and other third-party data may be inaccurate or out of date.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.
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Water Treatment
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First17 x 11
Flooring - Hardwood
Kitchen
Lvl Main,First18 x 11
Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Cabinets - Upgraded, Gas Stove, Lighting - Overhead
Office
Lvl Basement17 x 11
Flooring - Laminate
Primary Bedroom
Lvl Second23 x 14
Bathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl First11 x 11
Bedroom 3
Lvl First11 x 10
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom 2
Lvl SecondProperty History
$575,000
Was $599,000
Sep 18, 2026
MLS® 73543813
$599,000
Was $619,000
Aug 8, 2026
MLS® 73543813
$619,000
Jul 15, 2026
MLS® 73543813
Listing Agent: Colleen Yalcin
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73543813
