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44 Memorial Dr Methuen — Photo 1 of 37

44 Memorial Dr Methuen — Photo 1 of 37

$524,900

Investment Analysis — 44 Memorial Dr

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 3.89% cap rate and $20,399/yr in estimated NOI at the $524,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,604

Style

Single Family

Built

1958

Charming, practical, and improved where it counts—this is the kind of home you’ve been waiting to find! This adorable 3-bedroom, 1-bath ranch delivers the best of both worlds— 1950s character and simplicity paired with some of today’s most important improvements. Many of the big-ticket exterior updates are already done; NEW roof, siding, windows, and gutters. Solar panels have proved to be extremely cost effective for this property. Inside, you’ll find a classic ranch layout that is easy to live in and full of potential; updated full bath with tasteful design choices and hardwood floors in all of the bedrooms! Basement has about 600sqft of partially finished space, with laundry room, storage and direct access to the garage. Were you hoping for even more space? You're in luck! The DETACHED garage, with separate driveway, adds valuable parking, storage, or workspace.This manageable footprint makes this home a smart choice for first-time buyers, downsizers, or anyone looking for an affordable home in Methuen. Don't miss your opportunity to make this sweet ranch your own.

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: 802 sq ft (the lesser of 900 sq ft or half the 1,604 sq ft principal dwelling). Lot size: 12,001 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

Original Price$524,900
Annual Taxes$4,863

Parking

Garage2
Off-Street7

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile, Carpet, Laminate
BasementFull, Walk-Out Access

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRD

Property & Lot

Acres0.28
SqFt Lot12,001
Lot Features--

Amenities & Appliances

Water Heater

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First
Bedroom 2
Lvl First
Bedroom 3
Lvl First
Bathroom 1
Lvl First
Listing Provided By

Listing Agent: Brittney Ardizzoni

Listing Office: Jill & Co. Realty Group

MLS® Number: 73580104