11 University Lane Methuen — Photo 1 of 35
$649,000
Investment Analysis — 11 University Lane
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 3.08% cap rate and $19,973/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,811
Style
Single Family
Built
1962
Amazing opportunity in a highly sought-after Methuen neighborhood! This beautifully updated ranch offers comfortable single-level living with a stunning kitchen and plenty of potential for additional space. Step outside and enjoy your own backyard retreat featuring a large in-ground pool and spacious, level fenced yard, perfect for summer entertaining and relaxation. The generous lot may also offer potential for an ADU, subject to applicable zoning, permitting, and approvals. Looking for even more space? The basement provides additional possibilities for future finished living area. A wonderful combination of updates, outdoor space, and future potential...don’t miss this one! Schedule your showing today!
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 1,811 sq ft principal dwelling). Lot size: 23,187 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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Hardwood, Open Floorplan
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances
Primary Bedroom
Lvl FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower
Bathroom 2
Lvl BasementBathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Marble
Listing Agent: J. Zanni
Listing Office: Buyers Only LLC
MLS® Number: 73577014