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32 Alvin Street Methuen — Photo 1 of 36

32 Alvin Street Methuen — Photo 1 of 36

$639,000

Investment Analysis — 32 Alvin Street

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 3.17% cap rate and $20,286/yr in estimated NOI at the $639,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,866

Style

Single Family

Built

1962

This 3-bed split-level home in Methuen offers the kind of warmth that comes from years of thoughtful care. Set on a quiet dead-end street, 32 Alvin Street combines 1,866 finished square feet with welcoming gathering spaces, meaningful updates, and a level fenced yard ready to enjoy.This impressive 3-bedroom, 1-bath home features a large sunken living room with a cozy wood-burning fireplace, a beautifully renovated kitchen with tile flooring, granite countertops, and newer appliances, plus a dining area and an enormous 3-season porch that provides an incredible extension of the living space. Gleaming hardwood flooring throughout adds warmth and character, while updated siding enhances the home's appeal and easy maintenance. Outside, enjoy your own private retreat with a fenced yard, lovely garden space, and a hothouse perfect for gardening enthusiasts. Relax on the patio, entertain on the updated composite deck, or take advantage of the generous outdoor space for gatherings, gardening, and recreation. Gas forced-air heat, public water and sewer, and off-street parking provide everyday convenience. Ideally located in Methuen, this home offers easy access to an excellent mix of shopping, restaurants, parks, recreation, and entertainment. Enjoy nearby The Loop at Methuen for shopping and dining, explore the city's beautiful parks and walking trails, or take advantage of convenient access to Interstate 93 and Route 213 for an easy commute throughout the Merrimack Valley and into southern New Hampshire. Methuen's location puts you close to Lawrence, Andover, Salem, and the New Hampshire border while still offering a welcoming community atmosphere. With its renovated kitchen, spacious living areas, exceptional 3-season porch, hardwood floors, fenced yard, garden space, composite deck, and convenient location, this wonderful home is ready for its next owners. Bring your vision, settle in, and enjoy all that this exceptional Methuen property and surrounding area have to offer!

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: 900 sq ft (the lesser of 900 sq ft or half the 1,866 sq ft principal dwelling). Lot size: 10,018 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

Original Price$639,000
Annual Taxes$4,976.2

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Hardwood
BasementPartial, Walk-Out Access, Interior Entry, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRD

Property & Lot

Acres0.23
SqFt Lot10,018
Lot FeaturesWooded, Level

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Shopping • Golf • Medical Facility • Laundromat • House of Worship • Public School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenFamily RoomPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First

Flooring - Hardwood, Sunken

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Stainless Steel Appliances

Family Room
Lvl First

Flooring - Hardwood

Primary Bedroom
Lvl First

Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Kimberley Tufts

Listing Office: eXp Realty LLC - Corporate Office

MLS® Number: 73578975