
2 Houston Avenue Methuen — Photo 1 of 39
$599,900
Investment Analysis — 2 Houston Avenue
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 3.18% cap rate and $19,059/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,582
Style
Single Family
Built
1930
Classic charm meets thoughtful updates in this inviting 3 bedroom home offering 1,582 square feet of comfortable living space. From the moment you enter, warm hardwood floors, beautiful millwork and abundant natural light give the home a welcoming sense of character. The spacious main living area flows into the dining space and beautifully renovated kitchen, creating an easy layout for both everyday living and entertaining. Renovated in 2018, the kitchen features crisp white cabinetry, granite countertops, stainless steel appliances, tile backsplash, gas cooking and generous storage and prep space. The slider from the dining area open directly to the back deck, extending the living space outdoors and providing the perfect spot for morning coffee, summer dinners or relaxing at the end of the day. A dedicated home office offers valuable flexibility for working from home, while convenient main-level laundry and a half bath add functionality to the first floor. Upstairs, you’ll find three bedrooms and a full bath, providing a traditional separation between living and sleeping spaces. Throughout the home, large windows and hardwood flooring add warmth while maintaining the character that makes this home feel special. Outside, low-maintenance vinyl siding, a detached garage, established landscaping and a backyard deck round out the property. A newer heating system installed in 2023 adds another important update for the next owner. With its blend of period details, modern improvements and a versatile floor plan, this is a home that feels both timeless and ready for its next chapter.
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: 791 sq ft (the lesser of 900 sq ft or half the 1,582 sq ft principal dwelling). Lot size: 7,614 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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Financials
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • Sidewalks
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18.6 x 12.5
Flooring - Hardwood
Dining Room
Lvl First11.7 x 11
Flooring - Hardwood
Kitchen
Lvl First15.3 x 11
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Office
Lvl First9 x 7.7
Flooring - Stone/Ceramic Tile
Primary Bedroom
Lvl Second15.9 x 12.5
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second15.9 x 9.4
Bedroom 3
Lvl Second13.2 x 8.9
Closet, Flooring - Hardwood
Bathroom 1
Lvl First9 x 5
Bathroom - Half
Bathroom 2
Lvl Second9.2 x 5.8
Bathroom - Full
Listing Agent: Linda Early
Listing Office: Berkshire Hathaway HomeServices Verani Realty Methuen
MLS® Number: 73577828