Property Description

Classic 1930s two-family near downtown Methuen, offered for the first time in years and full of original character. This up and down two-family has two separate units, each with its own gas steam heat, separate hot water tanks (one new in 2024), and separate utilities. Period details run throughout, including patterned hardwood floors, columned room dividers with built-in cabinetry, eat-in kitchens with gas cooking, and pantries. The first-floor unit is leased at $1,955 per month ($1925 rent + $30/mo for laundry use) through February 2027 for in-place income, while the second-floor unit is vacant and ready for an owner-occupant or a new tenant. A full basement provides laundry and storage, and outside is a paved driveway with off-street parking plus a fenced yard with patio and garden area. Convenient to Route 110 and Interstate 495. Sold as-is. Sale is subject to issuance of a License to Sell by the Probate Court. Bring your vision to a solid two-family with strong bones and long-term upside.