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.
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
$993,000 Zestimate®
$233/sqft
$3,172 Estimated rent
Home value
$993,000
$914,000 - $1.08M
$3,172/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 08, 2025 at 09:51am
Listed by:
Michael Alvarez 617-329-9493,
Alvarez Real Estate Group LLC 617-329-9493
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: 6
- Parking features: Off Street
- Garage spaces: 1
- Uncovered spaces: 5
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
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2025 | Sold | $950,000-5%$233/sqft |
Source: MLS PIN #73336807 | ||
| 2/20/2025 | Listed for sale | $999,900+37.9%$245/sqft |
Source: MLS PIN #73336807 | ||
| 6/22/2021 | Sold | $725,000+11.5%$178/sqft |
Source: Agent Provided | ||
| 4/24/2021 | Pending sale | $650,000$160/sqft |
Source:  RE/MAX International #72814172 | ||
| 4/23/2021 | Listing removed | -- |
Source: RE/MAX International | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01844
Nearby schools
GreatSchools rating
- 5/10Tenney Grammar SchoolGrades: PK-8Distance: 0.4 mi
- 5/10Methuen High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$993,000
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
$993,000