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2 Houston Avenue Methuen — Photo 1 of 39

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$599,900
Annual Taxes$6,203

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms7
FireplacesNone
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile
BasementFull

Climate & Utilities

HeatingSteam, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRC

Property & Lot

Acres0.17
SqFt Lot7,614
Lot FeaturesWooded, Easements, Level

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

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenOfficeBathroom 1
Living Room
Lvl First

18.6 x 12.5

Flooring - Hardwood

Dining Room
Lvl First

11.7 x 11

Flooring - Hardwood

Kitchen
Lvl First

15.3 x 11

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances

Office
Lvl First

9 x 7.7

Flooring - Stone/Ceramic Tile

Primary Bedroom
Lvl Second

15.9 x 12.5

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

15.9 x 9.4

Bedroom 3
Lvl Second

13.2 x 8.9

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

9 x 5

Bathroom - Half

Bathroom 2
Lvl Second

9.2 x 5.8

Bathroom - Full

Listing Provided By

Listing Agent: Linda Early

Listing Office: Berkshire Hathaway HomeServices Verani Realty Methuen

MLS® Number: 73577828