
9 Old Homestead Methuen — Photo 1 of 41
$895,000
Investment Analysis — 9 Old Homestead
Methuen, MA 01844 — Homestead Acres
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 2.35% cap rate and $21,049/yr in estimated NOI at the $895,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,213
Style
Single Family
Built
1980
Welcome to this beautifully updated Cape nestled in one of Methuen’s desirable neighborhoods. Warm, bright, and inviting throughout, this special home offers a wonderful blend of character, thoughtful upgrades, and versatile living spaces designed for everyday living and entertaining. The expansive family room provides plenty of room to gather and relax, while the beautifully appointed kitchen overlooks the dining area, creating a natural connection between the living spaces. Three well-appointed bedrooms provide comfortable private spaces, while the finished lower level offers valuable additional living space with its own bathroom and both interior and exterior access. This versatile space offers endless possibilities of expansion. One of the most distinctive aspects of this home is the way the living spaces connect to the outdoors. From the main living area, a beautiful enclosed solarium extends the living space and connects you to the outdoors — a light-filled retreat where you can enjoy the feeling of being outside while remaining sheltered from the elements. It is a wonderful space to enjoy a morning coffee, watch the seasons change, or simply take in the view of the yard. A second connection to the outdoors is found through the breezeway, where sliding doors open directly onto the deck and backyard. Step outside to enjoy the fenced-in in-ground pool area, spacious deck, and additional open yard beyond. The layout creates a natural flow between the home, pool, deck, and yard, making outdoor living feel like a natural extension of the interior. Modern updates add to the home’s appeal, including leased solar panels from Sunrun and upgraded electrical utilities, providing the potential for energy savings and added value for years to come. Set in a picturesque residential neighborhood and conveniently located minutes from the NH border, major highways, shopping, dining, and everyday amenities, this home offers a rare combination of a thoughtfully designed home, exceptional outdoor living, and an outstanding location. Come experience all that this home has to offer. In a hurry? Quick close possible.
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 2,213 sq ft principal dwelling). Lot size: 22,869 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
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Shopping • Golf • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCloset, Flooring - Hardwood, Cable Hookup, Exterior Access, Open Floorplan, Lighting - Sconce
Dining Room
Lvl Main,FirstFlooring - Hardwood, Open Floorplan, Lighting - Overhead, Breezeway
Kitchen
Lvl Main,FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Stainless Steel Appliances, Breezeway
Primary Bedroom
Lvl SecondCloset, Flooring - Laminate
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Laminate
Bedroom 4
Lvl BasementBathroom - 3/4, Closet, Flooring - Laminate, Exterior Access
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 3
Lvl BasementBathroom - 3/4, Bathroom - With Shower Stall
Listing Agent: Jessica Letourneau
Listing Office: Berkshire Hathaway HomeServices Verani Realty
MLS® Number: 73581044