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11 Russell St Methuen — Photo 1 of 29

11 Russell St Methuen — Photo 1 of 29

$574,900

Investment Analysis — 11 Russell St

Methuen, MA 01844

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01844 carries an estimated $2,770/mo in gross rent — about a 3.45% cap rate and $19,807/yr in estimated NOI at the $574,900 list price. Adjust every assumption in the calculator below.

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Beds

3

Baths

1.5

SqFt

1,400

Style

Single Family

Built

1910

Situated on dead end street is this great 3 bedroom 2 bath colonial that features open concept 1st floor has updated kitchen with breakfast bar that is open to dining room and living room. 1st floor also boasts large primary bedroom and bath and laundry room. 2nd floor has 2 good size bedrooms with new carpeting and full bath . Large wrap around deck looks over large level lot with oversized 14X24 garage and shed. Do not mis the young heating system ad new carpeting on 2nd floor This one is in move in condition come see for yourself. Close to major highways, The Loop and NH border

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 700 sq ft (the lesser of 900 sq ft or half the 1,400 sq ft principal dwelling). Lot size: 12,196 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$574,900
Annual Taxes$5,455

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile, Carpet, Laminate
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingBaseboard
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningRD

Property & Lot

Acres0.28
SqFt Lot12,196
Lot FeaturesCleared, Level

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl First

Flooring - Laminate, Exterior Access, Open Floorplan

Dining Room
Lvl First

Flooring - Laminate, Exterior Access, Open Floorplan

Kitchen
Lvl First

Flooring - Hardwood, Breakfast Bar / Nook

Primary Bedroom
Lvl First

Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - 3/4, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Jennifer Hamilton Bower

Listing Office: Keller Williams Realty

MLS® Number: 73581451