36-38 Pine St new Save Request In-Person Tour Request Virtual Tour
Methuen,MA 01844
Key Details
Property Type Multi-Family
Sub Type 4 Family - 4 Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 3,797 sqft
Price per Sqft $237
MLS Listing ID 73420074
Bedrooms 10
Full Baths 4
Year Built 1930
Annual Tax Amount $6,632
Tax Year 2025
Lot Size 8,276 Sqft
Property Sub-Type 4 Family - 4 Units Up/Down
Property Description
Solid owner occupied four-unit multifamily investment property in Methuen center This property offers a mix of (2) 3-bedroom townhouse style units and (2) 2-bedroom garden style units, totaling 3,797 square feet of living space on a 0.19-acre parcel. Long term tenants. Newer windows, newer water heater tanks, and newer appliances. Older kitchens and baths that could use updating, and the 4 boilers are old, but everything is functional and the tenants are happy. Additional amenities such as 8 off-street parking spaces, a handy back yard storage shed, and backyard lawn area. Located in a high-demand area, the property provides easy access to major highways (Routes 93 & 213), downtown Methuen, and is just minutes from the New Hampshire state line. Current rental rates are far below market rents, but once the building is spruced up, there is an opportunity to enhance revenue to $9,000.00/month. The price reflects the work needed.
Location
State MA
County Essex
Area Central
Zoning BL
Interior
Heating Baseboard,Natural Gas
Cooling None
Flooring Varies,Hardwood
Exterior
Community Features Public Transportation,Shopping,Medical Facility,Highway Access
Roof Type Shingle
Building
Lot Description Level
Story 6
Foundation Stone
Sewer Public Sewer
Water Public
Others
Acceptable Financing Contract
Listing Terms Contract