
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstFlooring - Hardwood, Sunken
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Stainless Steel Appliances
Family Room
Lvl FirstFlooring - Hardwood
Primary Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Kimberley Tufts
Listing Office: eXp Realty LLC - Corporate Office
MLS® Number: 73578975

