Active
4 Days on market
61 Clayton Ave. Methuen — Photo 1 of 42

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.

View Standard Listing

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

Original Price$589,900
Annual Taxes$5,561

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms9
FireplacesNone
FlooringVinyl, Carpet, Flooring - Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Partially Finished

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Block
ZoningRD

Property & Lot

Acres0.21
SqFt Lot9,300
Lot FeaturesCorner Lot, Level

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

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBedroom 4Bathroom 1
Living Room
Lvl First

11.5 x 17.5

Flooring - Hardwood, Flooring - Wall to Wall Carpet, Window(s) - Picture, Exterior Access

Dining Room
Lvl First

9 x 11

Ceiling Fan(s), Flooring - Vinyl, Lighting - Overhead

Kitchen
Lvl First

8 x 11

Flooring - Vinyl, Dining Area, Closet - Double

Family Room
Lvl First

12 x 19

Beamed Ceilings, Flooring - Vinyl, Exterior Access, Lighting - Overhead

Primary Bedroom
Lvl Second

12 x 16.5

Closet, Attic Access

Bedroom 2
Lvl Second

9 x 15

Bedroom 3
Lvl Second

8 x 12

Flooring - Hardwood, Closet - Double

Bedroom 4
Lvl First

11 x 12

Flooring - Hardwood, Flooring - Wall to Wall Carpet, Closet - Double

Bathroom 1
Lvl First

5 x 8

Bathroom - Full, Flooring - Vinyl

Bathroom 2
Lvl Second

5 x 7

Bathroom - 3/4, Flooring - Vinyl

Listing Provided By

Listing Agent: Richard Coco

Listing Office: RE/MAX Partners

MLS® Number: 73580219