62 Merrimack Methuen — Photo 1 of 25
$599,900
Investment Analysis — 62 Merrimack
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 3.27% cap rate and $19,620/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,234
Style
Single Family
Built
1940
Antique buyers take note. One of a kind property with flexible floor plan. Many original features remain in this spacious 2200SF home. Living room with coffered ceiling and full wall of built-ins and hardwood floor. Oversized kitchen with plenty of room for large table for those holiday gatherings. Stainless refrigerator & dishwasher. Access to basement to right of fireplace in kitchen. Additional room can be used as a formal dining room or family room. First floor primary bedroom offers electric fireplace, plenty of closet space and sitting area with access to 3/4 bath. Second floor has 2 additional spacious bedrooms with lots of storage. Full bath has access to attic storage. Features include: updated windows, metal roof, newer heating system, central air conditioning. Mudroom has washer/dryer and freezer which are included. 2 car detached garage with additional off street parking. EZ access to major routes and public transportation
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 2,234 sq ft principal dwelling). Lot size: 13,503 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
Electric Water Heater • Oven • Dishwasher • Range • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Shopping • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17.5 x 14
Coffered Ceiling(s), Flooring - Wood, Lighting - Sconce, Lighting - Overhead, Decorative Molding
Kitchen
Lvl First14.5 x 13.5
Flooring - Stone/Ceramic Tile, Dining Area, Pantry, Country Kitchen, Open Floorplan, Stainless Steel Appliances, Lighting - Overhead
Family Room
Lvl First14.5 x 13.5
Flooring - Wall to Wall Carpet, Decorative Molding
Primary Bedroom
Lvl Main,First15 x 12
Skylight, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Closet - Double
Bedroom 2
Lvl Second14.5 x 12
Bedroom 3
Lvl Second12.75 x 12
Closet, Flooring - Wall to Wall Carpet, Closet - Double
Bathroom 1
Lvl FirstBathroom - 3/4, Bathroom - With Shower Stall, Lighting - Overhead
Bathroom 2
Lvl SecondBathroom - Tiled With Tub & Shower, Closet, Flooring - Laminate
Listing Agent: Arlene Hajjar
Listing Office: Better Homes and Gardens Real Estate - The Masiello Group
MLS® Number: 73580287