40-44 Forest St, Methuen MA 01844
Methuen, MA 01844
$1,200,000
Est. $7,205/month
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About this home
PRIME METHUEN MULTIFAMILY INVESTMENT OPPORTUNITY! Discover this exceptional five-unit property ideally located near major highways, shopping, and everyday amenities. Each unit was thoughtfully renovated before tenant occupancy, featuring updated finishes, stainless steel appliances, and granite countertops. This property offers dedicated off-street parking lot for tenant convenience, while separately metered heat and electricity help support efficient ownership and operating expenses. A rare opportunity to acquire a well-positioned, income-producing asset in a desirable Methuen location. Buyer and Buyer's agent to conduct their own due diligence and verify all information associated with the property.
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Property History
Property Timeline
Listed for Sale
Aug 30, 2026
$1,200,000
Original listing
Office: Jill & Co. Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/30/2026 | 🏠 Listed for Sale | $1,200,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $11,241 | $1,080,900 |
Financial Details
Annual Property Tax
$11,241
Tax Year 2026
Assessed Value
$1,080,900
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1890
Living Area
5,306 sq ft
Lot Size
0.53 acres
Stories
7
Bedrooms
11
Full Baths
5
Half Baths
1
Total Rooms
23
Investment Metrics
Units
5
Unit 1 Rent
$2,200/mo · Y
Unit 2 Rent
$1,750/mo · Y
Unit 3 Rent
$2,575/mo · Y
Unit 4 Rent
$2,300/mo · Y
Total Monthly Rent
$8,825/mo
Gross Income
$102,525
Net Operating Income
$111,730
Operating Expenses
$55,000
Water/Sewer Expense
$2,300
Electric Expense
$1,100
Insurance Expense
$11,370
Cap Rate
9.31%
Interior
Heating
Hot Water, Natural Gas, Unit Control, Electric, Individual, Forced Air
Cooling
None
Flooring
Wood, Hardwood
Appliances
Range, Microwave, Refrigerator
Fireplace
None
Basement
Walk-out Access
Laundry
None
Features
High Speed Internet, Upgraded Cabinets, Upgraded Countertops, Walk-in Closet(s), Bathroom With Tub & Shower, Remodeled, Stone/granite/solid Counters, Internet Available - Unknown, Living Room, Dining Room, Kitchen, Sunroom
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters, Varies Per Unit
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street, Assigned, Paved
Total Spaces
13
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$11,241
Assessed Value
$1,080,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
Seller Disclosures Attached, Also Lead Certification Paperwork Attached. Buyer/buyers Agent Are Solely Responsible For Conducting Their Own Independent Due Diligence
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Sq Ft Disclosures
. Buyer/Buyers Agent are solely responsible for conducting their own independent due diligence
Documents
None
County
Essex
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1890
Bedrooms
11
Full Bathrooms
5
Half Bathrooms
1
Living Area
5,306 sq ft
Total Rooms
23
Stories
7
Levels
7
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,306 sq ft above grade
0 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Hardwood
Appliances:
Range, Microwave, Refrigerator
Interior Features:
High Speed Internet, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet(s), Bathroom With Tub & Shower, Remodeled, Stone/Granite/Solid Counters, Internet Available - Unknown, Living Room, Dining Room, Kitchen, Sunroom
Windows:
Basement:
Walk-Out Access
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
7
Heating, Cooling & Utilities
Heating:
Hot Water, Natural Gas, Unit Control, Electric, Individual, Forced Air
Cooling:
None
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters, Varies per Unit
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
13
Parking Features:
Paved Drive, Off Street, Assigned, Paved
Nearby Schools
School District
Methuen School District local
C-
School Safety
2024-25
4.6%
Above Average
4.4%
Suspensions
1.5%
In-School
0.2%
Emergency
0.9% below state avg
Elementary Schools
3 schools
Early Childhood Center
0.3 mi
163 students
Diverse
Grades PK-K
Saint Ann's Home School
0.6 mi
Grades K-12
The Islamic Academy
1.1 mi
Grades PK-08
Middle Schools
3 schools
D
Alexander B Bruce School
1.4 mi
|
#331 of 352
|
Score: 27.7
Dropped 7 spots from last year
-30.5 below state avg
462 students
Less Diverse
Grades 03-08
C-
Guilmette Middle School
1.7 mi
|
#294 of 352
|
Score: 31.8
Dropped 12 spots from last year
-26.4 below state avg
457 students
Less Diverse
Grades 05-08
D
Arlington Middle School
1.8 mi
|
#325 of 352
|
Score: 28.8
Improved 24 spots from last year
-29.4 below state avg
543 students
Less Diverse
Rising School
Grades 05-08
High Schools
3 schools
B+
Greater Lawrence Regional Vocational Technical School
0.9 mi
|
#140 of 346
|
Score: 56.5
Improved 48 spots from last year
-1.7 below state avg
1,837 students
Moderate
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
Central Catholic High School
1.9 mi
21 sports
• 2,718 athletes
Strong Athletics
Grades 09-12
Presentation of Mary Academy
1.9 mi
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$937
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
40-44 Forest St, Methuen MA 01844
Methuen, MA 01844
Listing Information
Listing Agent
Pam Cail
Listing Office
Jill & Co. Realty Group
Office Phone
603-275-0487
Agent MLS ID
CN231010
Office MLS ID
AN8563
Listing Data Updated
Aug 30, 2026 3:53 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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