15-15 1/2 Central Street, Methuen MA 01844 – 7 bed 5 bath For Sale – 73336807
Overview
- Updated On:
- April 1, 2025
-
- 73336807
- 7 Bedrooms
- 5 Bathrooms
- 1 Garage Space
- 5 Non-Garage Parking Spaces
- 1900
Description
Well-maintained four-unit multifamily investment property in the heart of Methuen. This asset offers a mix of (1) 4-bedroom/2-bathroom townhouse unit and (3) 1-bedroom/1-bathroom units, totaling 4,074 square feet of living space on a 0.27-acre parcel. Recent property improvements, including a newer roof, windows, insulation, water heater tank, and boiler, enhance long-term value and minimize maintenance costs. Additional amenities such as off-street parking, a garage, and backyard space. Located in a high-demand residential neighborhood, the property provides seamless access to major highways (Routes 93 & 213), downtown Methuen, and is just minutes from the New Hampshire state line. Current rental rates are below market, presenting an opportunity to enhance revenue by aligning rents with market levels.
This property is listed by Michael Alvarez from Alvarez Real Estate Group LLC
Property Listing Details
Overview
| MLS Status | Pending |
|---|---|
| Price | $ 999,900 |
| Living Area | 4,074.00 ft2 |
| Bedrooms | 7 |
| Total Rooms | 23 |
|---|---|
| Listing MLS ID | 73336807 |
| Days on Market | 7 |
| Bathrooms | 5 |
Unit Information
| Bedrooms | 7 |
|---|---|
| Full Bathrooms | 5 |
| Half Bathrooms | 0 |
| Cooling | Other |
| Heating | Oil |
| Uncovered Parking | 5 |
| Garage Parking | 1 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | Gas Dryer Hookup |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full,Walk-Out Access,Unfinished |
| Patio And Porch Features | Porch,Deck |
| Parking Features | Off Street |
| Waterview Features | |
| Flooring | Vinyl,Hardwood |
Building Information
| Building Name | |
|---|---|
| Units in Building | 4 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1900 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full,Walk-Out Access,Unfinished |
| Roof | Shingle |
Additional Details
| Community Features | Public Transportation,Shopping,Park,Medical Facility,Highway Access,Private School,Public School,Other |
|---|---|
| Disclosures | (1) one-bedroom unit is currently vacant,with another expected to be vacated soon. The owner's townhouse unit will also be vacated upon sale. |
| Last Updated | 2025-04-01T16:24:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | 7126411 |
| Original List Price | 999900 |
| Listing Office | alvarez real estate group llc |
| Tax Annual Amount | 8490 |
|---|---|
| Tax Assessed Value | 802500 |
| Tax Book Number | 0 |
| Tax Year | 2025 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | RG |
| Listing Agent | michael alvarez |
Amenities and Features
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15-15 1/2 Central Street, Methuen MA 01844 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
15-15 1/2 Central Street, Methuen MA 01844 – 7 bed 5 bath For Sale – 73336807
$ 999,900
Status: Pending
15-15 1/2 Central Street, Methuen MA 01844, Methuen, Central, Essex 01844
Country: US
Property Overview
MLS #: 73336807
Type: 4 Family /
Action: Residential Income
Year Built: 1900 (Approximate, Source: Public Records, Effective: )
Living Area: 4,074.00 ft2 (Total: 4074 Square Feet, Source: Public Records)
Lot Size: 0.27 ft2 (Area: 0.27 Acres, SqFt: 11761)
Total Rooms: 23
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 7 (Main Level: )
Bathrooms: Total: 5 (Full: 5, Half: 0, Decimal: 5, Main Level: )
Basement: Full,Walk-Out Access,Unfinished
Fireplaces: 0 ()
Flooring: Vinyl,Hardwood
Laundry: Gas Dryer Hookup
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Stone (Area: )
Roof: Shingle
Stories: 6 (6)
Common Walls:
Body Type:
Utilities & Green Features
Heating: Oil
Cooling: Other
Water Source: Public
Sewer: Public Sewer ()
Utilities: for Gas Range,for Gas Dryer
Electric: (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 1
Covered Spaces: 1
Parking Total: 5
Parking Features: Off Street
Pool:
Spa:
Patio/Porch: Porch,Deck
Fencing: Fenced
Lot Features: Corner Lot
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Park,Medical Facility,Highway Access,Private School,Public School,Other
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: RG ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Well-maintained four-unit multifamily investment property in the heart of Methuen. This asset offers a mix of (1) 4-bedroom/2-bathroom townhouse unit and (3) 1-bedroom/1-bathroom units, totaling 4,074 square feet of living space on a 0.27-acre parcel. Recent property improvements, including a newer roof, windows, insulation, water heater tank, and boiler, enhance long-term value and minimize maintenance costs. Additional amenities such as off-street parking, a garage, and backyard space. Located in a high-demand residential neighborhood, the property provides seamless access to major highways (Routes 93 & 213), downtown Methuen, and is just minutes from the New Hampshire state line. Current rental rates are below market, presenting an opportunity to enhance revenue by aligning rents with market levels.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 4
Units Owner Occupied:
Unit 1: Beds: 4, Full Baths: 2, Half Baths: 0, Levels: 2, Rent: 3300, Lease: N
Unit 2: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1800, Lease: N
Unit 3: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1350, Lease: Y
Unit 4: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1800, Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 8490 (Year: 2025)
Tax Assessed Value: 802500
Tax Block/Lot/Book/Map: / / 0 /
Parcel Number: 7126411
Special Licenses:
Current Financing:
Gross Income: 99000 (Scheduled: )
Net Operating Income: 70280
Operating Expense: 28720 (Water/Sewer: , Insurance: )
Financial Data Source: Estimated,Owner,Other (See Remarks)
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Heat,Water,Hot Water),Unit 2(Heat,Water,Hot Water),Unit 3(Heat,Water,Hot Water),Unit 4(Heat,Water,Hot Water)
Total Actual Rent: 8250
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Michael Alvarez (MLS ID: CN250534) / Team:
Listing Office: Alvarez Real Estate Group LLC (MLS ID: AN7528)
Agent (Property): 57
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-02-20
Expiration Date: 1900-01-01
Original List Price: 999900
Price Per SqFt (List): 245.43
Market Time (Property): 7 (Broker: 7, Prev Broker: 0, Prev Property: 0)
MLS Status: Under Agreement
Possession:
Directions: Off of Pleasant St
Disclosures: (1) one-bedroom unit is currently vacant,with another expected to be vacated soon. The owner's townhouse unit will also be vacated upon sale., N
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 0)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date: 2025-04-07T04:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2025-02-27
Sold vs Rent:
System Information
Property ID: 1785505
Modification Timestamp: 2025-04-01T16:24:00.000Z
Bridge Modification Timestamp: 2025-04-02T02:55:01.689Z
Original Entry Timestamp: 2025-02-20T14:17:00.000Z
Status Change Timestamp: 2025-02-27T13:31:00.000Z
Off Market Date: 2025-02-27
Development Status:
Business Type:
