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Sold for $950,000 on 04/07/25
  • $950,000

    15 1/2 Central St, Methuen, MA 01844

    7beds
    4,074sqft
    4 Family
    Built in 1900
    -- sqft lot
    $1,017,700 Zestimate®
    $233/sqft
    $4,231 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: April 08, 2025 at 09:51am

    Listed by:

    Michael Alvarez,

    Alvarez Real Estate Group LLC

    Bought with:

    Jefri Liriano

    Liriano Realty

    Source: MLS PIN,MLS#: 73336807

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Oil
    Cooling
    • Other
    Appliances
    • Laundry: Gas Dryer Hookup
    Features
    • Living Room, Dining Room, Kitchen, Laundry Room
    • Flooring: Vinyl, Hardwood
    • Basement: Full,Walk-Out Access,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 4,074
    • Total interior livable area: 4,074 sqft
    • Finished area above ground: 4,074

    Property

    Parking
    • Total spaces: 5
    • Parking features: Off Street
    • Garage spaces: 1
    Features
    • Patio & porch: Porch, Deck
    • Fencing: Fenced
    Lot
    • Size: 0.27 Acres
    • Features: Corner Lot
    Details
    • Parcel number: 7126411
    • Zoning: RG

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 4 Family
    Materials
    • Frame
    • Foundation: Stone
    • Roof: Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: for Gas Range, for Gas Dryer

    Community & neighborhood

    Community
    • Community features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, Other
    Location
    • Region: Methuen

    HOA & financial

    Other financial information
    • Total actual rent: 8250
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,017,700

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,017,700