
9 Old Homestead Methuen — Photo 1 of 41
$895,000
Investment Analysis — 9 Old Homestead
Methuen, MA 01844 — Homestead Acres
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01844 carries an estimated $3,060/mo in gross rent — about a 2.35% cap rate and $21,049/yr in estimated NOI at the $895,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,213
Style
Single Family
Built
1980
Welcome home to this inviting Cape where many major updates have already been thoughtfully taken care of. Featuring a new roof, heating system, water heater, blown-in insulation, solar panels, and fresh paint throughout, this home offers the opportunity to move in and enjoy without taking on a long list of projects. Come see for yourself—you may just find the home you've been waiting to fall in love with. Set in one of Methuen’s desirable neighborhoods, this warm and inviting home offers a wonderful blend of character, thoughtful upgrades, and versatile living spaces. The expansive family room provides plenty of room to gather and relax, while the beautifully appointed kitchen overlooks the dining area, creating a natural connection between the living spaces. Three well-appointed bedrooms provide comfortable private spaces while the finished lower level offers additional living area with its own bathroom and both interior and exterior access, creating possibilities for future expansion or flexible use. One of the home's most distinctive features is its connection to the outdoors. A beautiful enclosed solarium extends the main living space and creates a light-filled retreat to enjoy morning coffee, watch the seasons change, or simply take in the views of the yard. The breezeway provides a second connection, with sliding doors opening directly to the deck and backyard. Step outside to enjoy the fenced-in in-ground pool area, spacious deck, and additional cleared yard beyond. The thoughtful layout creates a natural flow between the home, pool, deck, and yard, making outdoor living an extension of the interior. Leased solar panels through Sunrun offer the potential for ongoing energy savings, with electric credits helping offset utility costs. Conveniently located minutes from the NH border, major highways, shopping, dining, and everyday amenities, this home offers an exceptional combination of comfort, updates, outdoor living, and location. Come experience this home, see the possibilities, and decide if this could be the one. In a hurry? Quick close possible.
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 2,213 sq ft principal dwelling). Lot size: 22,869 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Shopping • Golf • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCloset, Flooring - Hardwood, Cable Hookup, Exterior Access, Open Floorplan, Lighting - Sconce
Dining Room
Lvl Main,FirstFlooring - Hardwood, Open Floorplan, Lighting - Overhead, Breezeway
Kitchen
Lvl Main,FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Stainless Steel Appliances, Breezeway
Primary Bedroom
Lvl SecondCloset, Flooring - Laminate
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Laminate
Bedroom 4
Lvl BasementBathroom - 3/4, Closet, Flooring - Laminate, Exterior Access
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 3
Lvl BasementBathroom - 3/4, Bathroom - With Shower Stall
Listing Agent: Jessica Letourneau
Listing Office: Berkshire Hathaway HomeServices Verani Realty
MLS® Number: 73581044








