Active
3 Days on market
57 Ashland Ave Methuen — Photo 1 of 36

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$519,000
Annual Taxes$4,773

Parking

Garage3
Off-Street7

Interior Specifications

Total Rooms5
Fireplaces1
FlooringWood, Tile
BasementFull

Climate & Utilities

HeatingBaseboard, Oil, Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRG

Property & Lot

Acres0.1
SqFt Lot4,500
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Shopping • Park • Bike Path • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchen
Unknown
Family Room
Living Room
Lvl First

19.5 x 13

Flooring - Wood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

10.666666666 x 11.916666666

Flooring - Wood, Balcony / Deck, Slider

Kitchen
Lvl First

12.916666666 x 11.916666666

Flooring - Wood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances

Family Room
Lvl null
Primary Bedroom
Lvl Second

Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wood, Recessed Lighting

Bedroom 2
Lvl Second

11.75 x 11.916666666

Bathroom 1
Lvl Second

11.5 x 5.166666666

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Property History

Listed
$519,000

Sep 22, 2026

MLS® 73580737

Sold
$385,000

May 21, 2026

MLS® 73511790

Listed
$399,000

May 3, 2026

MLS® 73511790

Sold
$167,000

Sep 10, 2010

MLS® 71068162

Listed
$177,900

Apr 20, 2010

MLS® 71068162

Listing Provided By

Listing Agent: Laurie Devereaux

Listing Office: Century 21 North East

MLS® Number: 73580737