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113 Boston St, Methuen MA 01844

$699,999

Estimated $1,585.38/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,999.50

Total Rent: 69600/year

Estimated CAP Rate: 9.17%

7 Bedrooms

2 Full Baths

2,404 SqFt

Total Parking: 1

1,830 SqFt

Open House Thursday Oct 17th 5-7 Welcome to 113 Boston St, Methuen, MA—a recently renovated multifamily home that offers modern comforts and timeless charm. This beautifully updated property features 2 spacious units, each thoughtfully designed. Enjoy updated kitchens with new appliances, updated bathrooms, and fresh flooring throughout. Conveniently located near local amenities, schools, and major roadways, this multifamily gem is perfect for both investors seeking rental income and owner-occupants looking to live in one unit while renting the other. Don’t miss the opportunity to own a move-in-ready home with all the modern touches you’ve been searching for. Seller offering 10K for buyers closing cost/prepaids and or rate buy down

This home has been viewed 71 times

Last Checked: November 14th, 2024 at 5:19am (Source: MLS PIN #73291310)

Gross Income: $69,600

Gross Expenses: $5,404

Net Income Calc: $64,196

CAP Rate: 9.17%

Annual Expenses for 113 Boston St, Methuen MA 01844

Total Gross Expenses (Calculated)$5,404/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,404

Annual Income & Unit Breakdown for 113 Boston St, Methuen MA 01844

Total Gross Income (Calculated)$69,600

Unit 1

Rental Income$2,800

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

Unit 2

Rental Income$3,000

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

General Information for 113 Boston St, Methuen MA 01844

Listing ID73291310

Property TypeMulti Family / 2 Family

Price$699,999 ($291.18/SqFt)

Style2 Family - 2 Units Up/down

CityMethuen

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,404 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking1

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesNo

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningMB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 113 Boston St, Methuen MA 01844

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$69,600

Total Net Income By Broker$69,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 113 Boston St, Methuen MA 01844

Real Estate Taxes$5,404

Tax Year2024

Assessed Value$497,600

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$69,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$69,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.17%

Location Information for 113 Boston St, Methuen MA 01844

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Medical Facility, Laundromat, Public Transportation

Contact Information for 113 Boston St, Methuen MA 01844

Agent

Name: Marie White

Office

Name: LAER Realty Partners

Phone: 844-687-5237

Team Members

Name: Bernadette Trafton

Phone: 603-834-4587

Payment Calculator

, Interest

Property Taxes 450.33

Principal & Interest 4313.17

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Marie White

Agent Phone

Office Phone

(844) 687-5237

Text Agent Call Agent Call Office

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    [description] => Open House Thursday Oct 17th 5-7 Welcome to 113 Boston St, Methuen, MA—a recently renovated multifamily home that offers modern comforts and timeless charm. This beautifully updated property features 2 spacious units, each thoughtfully designed. Enjoy updated kitchens with new appliances, updated bathrooms, and fresh flooring throughout.  Conveniently located near local amenities, schools, and major roadways, this multifamily gem is perfect for both investors seeking rental income and owner-occupants looking to live in one unit while renting the other. Don’t miss the opportunity to own a move-in-ready home with all the modern touches you’ve been searching for.                                    Seller offering 10K for buyers closing cost/prepaids and or rate buy down
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[perc_test] => Array
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[terms] => Array
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[water] => Array
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[water_expense] => Array
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[water_views] => Array
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[water_views_features] => Array
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    [zoning] => MB
    [zoning_details] => 
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EXIT