96-98 Elm Street, Methuen MA 01844

Methuen, MA 01844
$865,000
Est. $5,187/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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5
Beds
3
Baths
3,384
Sq Ft
$256
Price/Sq Ft
0.50
Acres
1911
Year Built
6
Parking
New today
Time on Market
For Sale Open House Listed Oct 21, 2026 • MLS# 73593622 Copied! • Updated Oct 22, 2026

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Open House Schedule

25
Oct
Sunday, October 25
12:00 PM - 2:00 PM EDT

About this home

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.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 21, 2026
$865,000
Original listing
Agent: Kristopher Gergler Office: J. Barrett & Company

Tax History

Year Taxes Assessment
2026 $7,357 $707,400

Financial Details

Annual Property Tax
$7,357
Tax Year 2026
Assessed Value
$707,400

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1911
Living Area 3,384 sq ft
Lot Size 0.50 acres
Stories 3
Bedrooms 5
Full Baths 3
Total Rooms 13

Investment Metrics

Units 3
Unit 1 Rent — · N
Unit 2 Rent $1,500/mo · N
Unit 3 Rent $1,100/mo · N
Total Monthly Rent $2,600/mo
Gross Income $36,000
Net Operating Income $17,113
Operating Expenses $14,087
Water/Sewer Expense $655
Insurance Expense $3,874
Cap Rate 1.98%
Heating None
Cooling None
Flooring Wood
Appliances None
Fireplace None
Basement Full
Laundry None
Features Living Room, Dining Room, Kitchen
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck
Features Paved Drive, Off Street, Driveway, Paved
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $7,357
Assessed Value $707,400
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Lead Paint Unknown
Seller Disclosures Electrical Service Has Been Separated For All Three Units, Plus A Common Area Meter (electricity Previously Included In Rent). Meter Installation By The Utility Company Is Pending And Expected To Be Completed Prior To Closing. Tenants Have Agreed To Be Responsible For Their Individual Electric Bills
Possession None
Accepted Financing None
Structure Type []
House Color Brown
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 1 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1911
Bedrooms
5
Full Bathrooms
3
Living Area
3,384 sq ft
Total Rooms
13
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Wood
Appliances:
Interior Features: Living Room, Dining Room, Kitchen
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1911
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Stone
Stories: 3

Utilities & Systems

Heating:
Heating Zones: 1
Cooling:
Hot Water: Oil
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street, Driveway, Paved

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $613
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

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Current Rate
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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.

Location

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Neighborhood

96-98 Elm Street, Methuen MA 01844

Methuen, MA 01844

Listing Information

Listing Agent Kristopher Gergler
Listing Office J. Barrett & Company
Office Phone 978-922-3683
Agent MLS ID CN211650
Office MLS ID AC2087
Listing Data Updated Oct 22, 2026 3:30 AM 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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Steve Novak Real Estate
Steve Novak Real Estate
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