Active

82 Days on market

31 Lincoln St Methuen — Photo 1 of 35

Recent Drop: $24,000

$599,000

$575,000

Investment Analysis — 31 Lincoln St

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 3.51% cap rate and $20,197/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,560

Style

Single Family

Built

1942

Sellers have done the hard work already. NEW ROOF, NEW SIDING, NEW FENCE (18 months) WATER HEATER and WATER TREATMENT system (2023) recently updated first floor bathroom (2026) Dishwasher and refrigerator (2025) Central Air, Upgraded NEST thermostats. Finished basement room, great for office, den , game room, play room or whatever you need. Main floor features updated eat-in kitchen, living room 2 bedrooms and a recently updated bathroom with a walk-in shower. Second floor has a beautifully designed primary bedroom with a spacious and recently designed bathroom. A massive backyard, fully fenced-in with growing fruit trees, complete with a shed A driveway that can fit easily 6-7 cars with a carport as well. This home is located on a lovely quiet street with fast, easy access to 93, offering less than a five minute drive and tax free shopping in NH, moments away to visit Nearby Tuscan village with all the shops, restaurants and shopping available. Methuen has many nearby parks, shopping and a short walk to enjoy beautiful views of the Merrimack.

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: 780 sq ft (the lesser of 900 sq ft or half the 1,560 sq ft principal dwelling). Lot size: 17,498 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.