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510 Prospect St, Methuen MA 01844

$899,700

Estimated $2,189/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $899,700

Total Rent: 0/year

Estimated CAP Rate:

4 Bedrooms

Baths

2852

Total Parking: 24 (6 Garage)

23,514 (0.54)

THE POSSIBILITIES OF THIS PROPERTY ARE ALMOST ENDLESS! NOTE: THIS IS NOT CURRENTLY A MULTI FAMILY. There is IMMEDIATE potential for an ADU either in the basement or in the barn/garage (previously DELEADED). The walk-out basement has approx 700 sq ft of finish-able space. The first level of the barn/garage has approx 1035 sq ft, the 2nd level of the barn has approx 770 sq ft and the 3rd level of the barn has an additional 372 sq ft. The first level of the barn/garage would be perfect for a handicap accessible unit ! All of which could be finished with the proper permits. The lower level of the barn could still remain as a garage but also has other potential. In addition, a buyer could potentially apply for a zoning change to Multi-Family, which could allow the barn to be finished into 2 or 3 different units plus the walk-out lower level of the main house. Prospect Street already has multiple 2 & 3 family homes as well as multi-use & commercial properties so a zoning change is a real possibility. But in the meantime, while you are pursuing these permits, you get to enjoy (or rent out) this FABULOUS 13-year old, better than new home! The kitchen is the heart of the home w/ custom cabinetry, granite countertops, marble backsplash & stainless appliances, opening seamlessly to the family room w/ gas fireplace & slider to the private, elevated deck w/ electric awning w/ remote. A dedicated office w/ French doors & large windows is conveniently located near the laundry rm (not just a laundry closet) & half bath. The lovely dining room features crown moulding, wainscoting & a granite ledge. Second floor has 4 spacious bedrooms - all w/ hardwood floors & 2 full baths. A full walk-out basement offers exceptional storage & exciting potential for future expansion. Enjoy the turnaround driveway, abundant parking, irrigation system & low-maintenance vinyl siding.There is even a side porch to enjoy morning coffee or afternoon cocktails while overlooking the glorious landscaping. City water, city sewer & natural gas! The location is exceptionally convenient—just minutes to I-93 & I-495, The Loop, shopping, dining, Market Basket, Home Depot, Target & tax-free NH. A truly distinctive property where history, nature, flexibility & modern living come together in a setting that is hard to duplicate! Opportunities like this are almost impossible to find!

This home has been viewed 3 times

Last Checked: October 22nd, 2026 at 10:53am (Source: MLS PIN #73593027)

Gross Income: $0

Gross Expenses: $8,756

Net Income Calc: $8,756

Water Views

Annual Expenses for 510 Prospect St, Methuen MA 01844

Total Gross Expenses (Calculated)$8,756/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8756

Annual Income & Unit Breakdown for 510 Prospect St, Methuen MA 01844

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

General Information for 510 Prospect St, Methuen MA 01844

Listing ID73593027

Property TypeMulti Family

Price899700 ($315.46/SqFt)

StyleMulti Family

CityMethuen

CountyEssex

MLS AreaCentral

Neighborhood(s)

Approximate Living Area Total2852

Approximate Lot Size (Acres)0.54

Total Parking24 (6 Garage)

Garage Parking6

Year Built2013

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRC

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 510 Prospect St, Methuen MA 01844

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsLiving Room And Primary Bedroom Rods And Curtains. Mirror In Bedroom.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 510 Prospect St, Methuen MA 01844

Real Estate Taxes8756

Tax Year2026

Assessed Value$841,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 510 Prospect St, Methuen MA 01844

Elementary SchoolTimony

Middle SchoolTimony

High SchoolMhs

Neighborhood(s)

MLS AreaCentral

Area AmenitiesWalk/jog Trails

Contact Information for 510 Prospect St, Methuen MA 01844

Agent

Name: The Peggy Patenaude Team

Office

Name: William Raveis R.E. & Home Services

Phone: 978-475-5100

Team Members

Payment Calculator

, Interest

Property Taxes 729.67

Principal & Interest 5543.67

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Peggy Patenaude Team

Agent Phone

Office Phone

(978) 475-5100

Text Agent Call Agent Call Office

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    [unparsed] => 510 Prospect St, Methuen MA 01844
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EXIT

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