
57 Ashland Ave Methuen — Photo 1 of 36
$519,000
Investment Analysis — 57 Ashland Ave
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01844 carries an estimated $2,310/mo in gross rent — about a 3.14% cap rate and $16,294/yr in estimated NOI at the $519,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,248
Style
Single Family
Built
1950
This one is sure to go quickly! This updated 5-room, 2-bedroom home offers an open living space with numerous recent improvements. The renovated kitchen with new stainless steel appliances opens to the dining area where a brand-new slider provides access to the rear deck overlooking a fenced-in backyard. A spacious fireplaced living room offers plenty of room to relax and entertain, while a convenient stackable washer and dryer are located on the first floor. Upstairs, you’ll find a generously sized primary bedroom with a cathedral ceiling, 2nd bedroom & full bath. Enjoy year-round comfort with ductless mini-splits throughout the home providing central-style heating and air conditioning. Additional updates include fresh paint throughout, brand-new windows, recessed lighting and a brand-new roof. Outside, the property offers a fenced-in yard, driveway, and an impressive three-car garage with endless possibilities—including potential for an ADU, subject to local approvals, or generate some income with car storage. Looking for even more space? The basement is ready for future expansion and is already plumbed for a toilet. Conveniently located near transportation, shopping, and everyday amenities. Ready for you to move right in and make this home 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: 624 sq ft (the lesser of 900 sq ft or half the 1,248 sq ft principal dwelling). Lot size: 4,500 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
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Shopping • Park • Bike Path • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19.5 x 13
Flooring - Wood, Open Floorplan, Recessed Lighting
Dining Room
Lvl First10.666666666 x 11.916666666
Flooring - Wood, Balcony / Deck, Slider
Kitchen
Lvl First12.916666666 x 11.916666666
Flooring - Wood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances
Family Room
Lvl nullPrimary Bedroom
Lvl SecondCathedral Ceiling(s), Ceiling Fan(s), Flooring - Wood, Recessed Lighting
Bedroom 2
Lvl Second11.75 x 11.916666666
Bathroom 1
Lvl Second11.5 x 5.166666666
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$519,000
Sep 22, 2026
MLS® 73580737
$385,000
May 21, 2026
MLS® 73511790
$399,000
May 3, 2026
MLS® 73511790
$167,000
Sep 10, 2010
MLS® 71068162
$177,900
Apr 20, 2010
MLS® 71068162
Listing Agent: Laurie Devereaux
Listing Office: Century 21 North East
MLS® Number: 73580737