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40 Rossi St Methuen — Photo 1 of 42

40 Rossi St Methuen — Photo 1 of 42

$590,000

Investment Analysis — 40 Rossi St

Methuen, MA 01844

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01844 carries an estimated $2,310/mo in gross rent — about a 2.64% cap rate and $15,573/yr in estimated NOI at the $590,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,512

Style

Single Family

Built

1958

An exceptional yard and a quiet dead-end setting make this Cape a special place to call home. Inside, bamboo flooring runs throughout the main living areas, and a beautifully maintained kitchen with granite countertops opens to the dining room -- keeping meals and gatherings connected. A first-floor bedroom features built in shelves and desk space, while the oversized upstairs primary offers a walk-in closet and access to a private office area and three-quarter bath. Looking for a third bedroom? The office provides a flexible option with the addition of a door. Many updates including both bathrooms recently renovated as well as recessed lighting & ceiling fans throughout adding both comfort and appeal. Step outside to a fenced backyard with ample room to entertain, garden or simply relax. A deck, patio and connecting walkways create inviting outdoor spaces, with a spacious shed providing extra storage. Just off the deck, the hot tub enjoys a sheltered setting thoughtfully designed to preserve views of the sky. A one-car garage, spacious lower level ready for finishing and convenient location round out this thoughtfully maintained home. This one must be seen. Make your appointment today and judge for yourself.

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: 756 sq ft (the lesser of 900 sq ft or half the 1,512 sq ft principal dwelling). Lot size: 10,799 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.

Property Details

Financials

Original Price$590,000
Annual Taxes$5,494

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms8
FireplacesNone
FlooringCarpet, Bamboo, Flooring - Wall to Wall Carpet, Flooring - Hardwood
BasementInterior Entry, Sump Pump, Unfinished

Climate & Utilities

HeatingSteam, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningMA

Property & Lot

Acres0.25
SqFt Lot10,799
Lot FeaturesCleared, Level

Amenities & Appliances

Range • Dishwasher • Disposal

Geography

Floorplan Breakdown

Structural Layout

Second
OfficePrimary BedroomBathroom 2
Main,First
Living RoomDining RoomKitchenBedroom 2Bathroom 1
Living Room
Lvl Main,First

12.833333333 x 11.25

Ceiling Fan(s), Flooring - Hardwood, Balcony / Deck, Exterior Access, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

14.083333333 x 11.25

Flooring - Hardwood, Window(s) - Picture, Exterior Access, Recessed Lighting, Lighting - Overhead

Kitchen
Lvl Main,First

9.166666666 x 11.75

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting

Office
Lvl Second

10.5 x 13.1

Flooring - Wall to Wall Carpet, Recessed Lighting

Primary Bedroom
Lvl Second

16.416666666 x 20.916666666

Bathroom - 3/4, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Recessed Lighting

Bedroom 2
Lvl Main,First

9.833333333 x 11.416666666

Bathroom 1
Lvl Main,First

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Remodeled

Bathroom 2
Lvl Second

Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Countertops - Stone/Granite/Solid, Remodeled

Listing Provided By

Listing Agent: Team Sonia Rollins & Associates

Listing Office: EXIT Premier Real Estate

MLS® Number: 73584544