
3 Karen Way Methuen — Photo 1 of 37
$810,000
Investment Analysis — 3 Karen Way
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01844 carries an estimated $3,060/mo in gross rent — about a 2.43% cap rate and $19,685/yr in estimated NOI at the $810,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,691
Style
Single Family
Built
1989
Presenting 3 Karen Way at Shawsay Estates. Sited in a park-like landscape with rolling lawns, mature shade trees, and mulch beds that mimic the undulating curves of the gently sloping lot. Thoughtfully designed, this well-maintained Gambrel Colonial becomes one with its natural setting. A spacious center-island kitchen with stainless steel appliances, granite counters and large dining area overlooks the fenced yard and wooded backdrop. The dining room and expansive living room, ideal for entertaining, feature oversized windows providing an abundance of natural light. The cathedral ceiling family room features a wood burning fireplace, picture window, and an eight-foot slider that optimizes the outdoor experience with access to a private two-level deck and Hot-Tub/Spa. The laundry room and half bath round out the first floor. An expansive primary bedroom anchors the second floor featuring vaulted ceilings and ensuite bath with double vanity, walk-in shower and walk-in closet. Three additional bedrooms with abundant closet space and a full bath complete the second floor. The walk-out basement with full size windows offers unlimited expansion possibilities for additional living space or In-law/ADU. Conveniently located close to shopping, dining, entertainment and abundant outdoor recreational opportunities. Commuter access to Routes 93 and 495. Available for a quick close!
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: 900 sq ft (the lesser of 900 sq ft or half the 2,691 sq ft principal dwelling). Lot size: 24,999 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.
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
Public Transportation • Shopping • Golf • Medical Facility • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 26
Flooring - Wall to Wall Carpet, Lighting - Sconce
Dining Room
Lvl First13 x 16
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Sconce, Lighting - Overhead
Kitchen
Lvl First14 x 20
Bathroom - Half, Closet/Cabinets - Custom Built, Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Country Kitchen, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant, Lighting - Overhead
Family Room
Lvl First16 x 19
Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Window(s) - Picture, Deck - Exterior, Exterior Access, Recessed Lighting, Slider, Lighting - Sconce
Primary Bedroom
Lvl Second13 x 18
Bathroom - Full, Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Closet - Double
Bedroom 2
Lvl Second13.5 x 13.5
Bedroom 3
Lvl Second14 x 10
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second13 x 10
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Second9 x 11
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting, Lighting - Sconce
Bathroom 2
Lvl Second6 x 13
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce
Bathroom 3
Lvl First3 x 5
Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce
Listing Agent: Norman R. Banville
Listing Office: J. Barrett & Company
MLS® Number: 73580615