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96-98 Elm Street, Methuen MA 01844

$865,000

Estimated $2,016/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $288,333.33

Total Rent: 31200/year

Estimated CAP Rate:

5 Bedrooms

Baths

3384

Total Parking: 6

21,780 (0.50)

Opportunity awaits at this spacious three-family property situated on a half-acre lot in Methuen! Offering 3,384 sq. ft. of living space, 5 bedrooms, 3 full baths, and parking for 6 vehicles, this property presents an attractive opportunity for investors and owner-occupants alike. Significant recent improvements include replacement of 34 windows (2025), a new roof (Spring 2026), and new rear entry stairs and deck (Summer 2026). The expansive first-floor residence offers 6 rooms, 2 bedrooms, hardwood floors, charming original woodwork, and architectural details, providing an excellent opportunity to update and make it your own. The second-floor front unit features 4 rooms, 2 bedrooms, and substantial updates completed approximately four years ago, including a fully renovated bathroom, new flooring, appliances, and front deck. The second-floor rear unit offers 3 rooms, 1 bedroom, and a three-season porch. Both second-floor apartments are occupied by long-term tenants, with rents currently well below market rates, offering potential for increased rental income. Additional features include a full basement offering ample storage, paved driveway, and a spacious unfinished attic offering possibilities for future development, subject to substantial construction and necessary approvals. A property with space, character, and opportunity! Showings begin at the Open House.

This home has been viewed 2 times

Last Checked: October 22nd, 2026 at 6:28pm (Source: MLS PIN #73593622)

Gross Income: $31,200

Gross Expenses: $21,444

Net Income Calc: $9,756

Annual Expenses for 96-98 Elm Street, Methuen MA 01844

Total Gross Expenses (Calculated)$21,444/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7357

Annual Income & Unit Breakdown for 96-98 Elm Street, Methuen MA 01844

Total Gross Income (Calculated)$31,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 96-98 Elm Street, Methuen MA 01844

Listing ID73593622

Property TypeMulti Family / 3 Family

Price865000 ($255.61/SqFt)

Style3 Family

CityMethuen

CountyEssex

Neighborhood(s)

Approximate Living Area Total3384

Approximate Lot Size (Acres)0.5

Total Parking6

Garage Parking0

Year Built1911

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRD

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 96-98 Elm Street, Methuen MA 01844

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSurveillance Devices

Financial Data SourceEstimated

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 96-98 Elm Street, Methuen MA 01844

Real Estate Taxes7357

Tax Year2026

Assessed Value$707,400

Financial Data SourceEstimated

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 96-98 Elm Street, Methuen MA 01844

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 96-98 Elm Street, Methuen MA 01844

Agent

Name: Kristopher Gergler

Office

Name: J. Barrett & Company

Phone: 978-922-3683

Payment Calculator

, Interest

Property Taxes 613.08

Principal & Interest 5329.85

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

J. Barrett & Company

Kristopher Gergler

Agent Phone

Office Phone

(978) 922-3683

Text Agent Call Agent Call Office

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EXIT

37 More Photos

Active

96-98 Elm Street, Methuen MA 01844

$865,000

Annual Expenses for 96-98 Elm Street, Methuen MA 01844

Annual Income & Unit Breakdown for 96-98 Elm Street, Methuen MA 01844

General Information for 96-98 Elm Street, Methuen MA 01844

Disclosures for 96-98 Elm Street, Methuen MA 01844

Financial Information for 96-98 Elm Street, Methuen MA 01844

Location Information for 96-98 Elm Street, Methuen MA 01844

Contact Information for 96-98 Elm Street, Methuen MA 01844

Agent

Office

Payment Calculator

Exclusive Listing Agent

J. Barrett & Company

Kristopher Gergler