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5 Wallace St # U4, Methuen MA 01844

Methuen, MA 01844
$2,950
Est. $473/month
0.00
Acres
1985
Year Built
1
Days on Market
Active Listed Mar 13, 2026 • MLS# 73486670 Copied!

About this home

High-visibility location ideal for your next business venture! Versatile commercial office/retail condo w/updated interior suited for professional offices, medical, beauty/esthetic suites, salon concepts or boutique retail. Functional layout offers 5 private offices/rooms, reception area & 1.5 baths. Features include tiled flooring, recessed lighting & granite counters. The finished lower level adds 2 large rooms plus abundant closets & storage, ideal for additional office space, breakroom or workspace. Total sq ft includes finished level. Two-zone central air & forced hot air systems provide year-round comfort. Exterior, roof & parking maintained by condo association. Ample on-site parking. Condo fee included in rent; tenant responsible for utilities & interior maintenance. Convenient access to major highways, shopping, dining & services. Excellent opportunity to establish or expand your business in a highly accessible commercial setting with strong visibility & steady traffic flow.

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Property Overview

Listing Type
Commercial Lease
Year Built
1985

Facts & Features

Home Facts

Type Commercial Lease
Year Built 1985
Lot Size 0.0000

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Shingle

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer, Water Available, Sewer Available, Fiber Optic

Financial

Annual Tax $3,099
HOA Yes

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1985
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:

Parking & Garage

Parking Features:

Location

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Neighborhood

5 Wallace St # U4, Methuen MA 01844

Methuen, MA 01844

Walkability

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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
E

Elementary Schools

8 schools
C
Donald P Timony Grammar School
2.2 mi | #281 of 352 | Score: 33.3
Improved 32 spots from last year
-24.9 below state avg
1,172 students Diverse
Rising School Strong Attendance
Grades K-08
C+
Comprehensive Grammar School
2.3 mi | #220 of 352 | Score: 39.4
Improved 12 spots from last year
-18.8 below state avg
1,046 students Diverse
Diverse Student Body Strong Attendance
Grades K-08
C
Tenney Grammar School
2.4 mi | #253 of 352 | Score: 36.0
Improved 11 spots from last year
-22.3 below state avg
1,246 students Moderate
Grades K-08
St. Monica Elementary School
2.8 mi
Grades K-08
The Islamic Academy
3.4 mi
Grades PK-08
Saint Ann's Home School
4.1 mi
Grades K-12
B
Marsh Grammar School
5.2 mi | #155 of 352 | Score: 44.1
Improved 17 spots from last year
-14.1 below state avg
996 students Diverse
Diverse Student Body Strong Attendance
Grades K-08
Early Childhood Center
4.7 mi
163 students Diverse
Grades PK-K
H

High Schools

3 schools
C+
Methuen High School
2.1 mi | #218 of 346 | Score: 49.9
Improved 35 spots from last year
-8.4 below state avg
1,841 students Diverse
18 sports • 1,820 athletes
High Graduation Rate Rising School Career Tech Programs Strong Athletics
Grades 09-12
Notre Dame Cristo Rey High School
2.6 mi
17 sports • 423 athletes
Strong Athletics
Grades 09-11
Presentation of Mary Academy
2.7 mi
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
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 $258
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
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
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.

Property History

Property Timeline

🏠
Listed for Sale
Mar 13, 2026
$2,950
Original listing
Agent: Modern Nest Group Office: Modern Nest Group

Price & Status History

Date Event Price Change
Mar 13, 2026 New Listing Added $2,950

Market Statistics

Days on Market
1 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2025 $3,099

Financial Details

Annual Property Tax
$3,099
Tax Year 2025

Listing Information

Listing Agent Modern Nest Group
Listing Office Modern Nest Group
Agent MLS ID TM351636
Office MLS ID AN8899
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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Steven Novak

Steven Novak

BMN Boston Real Estate

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