
18 Woodland Street Methuen — Photo 1 of 30
$599,900
Investment Analysis — 18 Woodland Street
Methuen, MA 01844 — Central
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 3.31% cap rate and $19,883/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,616
Style
Single Family
Built
1997
Welcome to 18 Woodland Street! This well-maintained 3-bedroom, 2-full-bath split-entry home, built in 1997, offers a flexible floor plan and a convenient Methuen location. The main living level features hardwood floors throughout the fully applianced kitchen, dining area and living room. Two bedrooms with double closets have w/w carpet and a full bath with granite-topped vanity is nearby. Pull-down attic access provides additional storage. The finished lower level expands the living space with a spacious front-to-back family room, large main bedroom, full bath with granite-topped vanity, and a bright (unheated) sunroom surrounded by three walls of sliders—an inviting spot to enjoy the outdoors from spring through fall. A convenient location puts everyday necessities, shopping, dining and commuter routes within easy reach. Nearby amenities include Market Basket, Mann Orchard, Merrimac Plaza, local cafés and restaurants, and the many shopping and dining options along Pleasant Valley Street and The Loop. Easy access to Routes 213, I-93 and I-495 adds to the convenience. A wonderful opportunity offering plenty of space, a versatile layout and a location that makes day-to-day living easy! CAN ACCOMMODATE A QUICK CLOSING! Be in your new home by Thanksgiving!
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: 808 sq ft (the lesser of 900 sq ft or half the 1,616 sq ft principal dwelling). Lot size: 10,145 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second14 x 12
Ceiling Fan(s), Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl Second15 x 10
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access
Family Room
Lvl First22 x 13
Ceiling Fan(s), Beamed Ceilings, Flooring - Wall to Wall Carpet, Recessed Lighting
Primary Bedroom
Lvl First15 x 14
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second14 x 9
Bedroom 3
Lvl Second12 x 11
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First7 x 7
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Vinyl, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl Second8 x 8
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: The Peggy Patenaude Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73581246