
61 Clayton Ave. Methuen — Photo 1 of 42
$589,900
Investment Analysis — 61 Clayton Ave.
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 3.79% cap rate and $22,346/yr in estimated NOI at the $589,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,184
Style
Single Family
Built
1958
First time on the market since being built! Check out this 8+ room, 4 bedroom, 2 bath Cape with an attached, heated 2-car garage, nicely sited on a corner lot. The living room has a picture window and wall-to-wall carpeting over hardwood flooring, while the family room sports a barnboard/beamed ceiling plus barnboard walls, and newer luxury vinyl flooring. The kitchen, with newer vinyl flooring & a double storage closet, has knotty pine wood cabinetry and a separate dining area. The 4th bedroom, a den/office with built-in storage & hardwood flooring, and a full bath complete the main level. The second floor offers a primary bedroom plus 2 other bedrooms, all with good closet space, and a 3/4 bath. The basement has a somewhat finished, heated playroom on one side, and an ample--sized workshop area with a large storage closet and a laundry area on the other side. Besides the driveway leading to the 2-car garage, there is a driveway on the right side of the house for overflow parking. plus a driveway off the left side where they used to keep their motorhome. The nice fenced-in yard offers a screen-house and 2 storage sheds. A big plus is the Generac, 8KW generator that will kick in automatically when/if the electricity goes out. Other amenities include vinyl siding, water to the heated garage, gutters, and attic access through a skuttle in the garage. This home is perfectly livable as-is. However, bring your ideas to reimagine what it could be in the future! You can't beat the location with easy access to the highways, tax-free shopping in NH, and restaurants and stores nearby. This solid home is well-priced in this market, so don't snooze on it or you'll lose it!
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 2,184 sq ft principal dwelling). Lot size: 9,300 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 • Oven • Dishwasher • Disposal • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11.5 x 17.5
Flooring - Hardwood, Flooring - Wall to Wall Carpet, Window(s) - Picture, Exterior Access
Dining Room
Lvl First9 x 11
Ceiling Fan(s), Flooring - Vinyl, Lighting - Overhead
Kitchen
Lvl First8 x 11
Flooring - Vinyl, Dining Area, Closet - Double
Family Room
Lvl First12 x 19
Beamed Ceilings, Flooring - Vinyl, Exterior Access, Lighting - Overhead
Primary Bedroom
Lvl Second12 x 16.5
Closet, Attic Access
Bedroom 2
Lvl Second9 x 15
Bedroom 3
Lvl Second8 x 12
Flooring - Hardwood, Closet - Double
Bedroom 4
Lvl First11 x 12
Flooring - Hardwood, Flooring - Wall to Wall Carpet, Closet - Double
Bathroom 1
Lvl First5 x 8
Bathroom - Full, Flooring - Vinyl
Bathroom 2
Lvl Second5 x 7
Bathroom - 3/4, Flooring - Vinyl
Listing Agent: Richard Coco
Listing Office: RE/MAX Partners
MLS® Number: 73580219