6 Old Homestead Road Methuen — Photo 1 of 33
$820,000
Investment Analysis — 6 Old Homestead Road
Methuen, MA 01844 — Homestead Acres
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 2.19% cap rate and $17,997/yr in estimated NOI at the $820,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,458
Style
Single Family
Built
1978
This meticulously maintained English Tudor home sits on a corner lot in the established and desirable Homestead Acres area of Methuen. The home boasts classic architectural details, custom windows, 8 total rooms, 3+ bedrooms, 1 & 1 half baths, and a large, dry, unfinished level below to customize to fit your needs! Unfinished level above the attached two car garage is perfect for storage, or finish for extra living space. Located just minutes from shopping centers and major routes, it is great commuter location. The property features over a half acre of pristinely maintained level yard space for entertaining and storage shed.
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 2,458 sq ft principal dwelling). Lot size: 29,620 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondListing Agent: Corinne Letourneau
Listing Office: KSRJ - Signature Realty Group
MLS® Number: 73579887
