Multi-Family for Sale: 1-3 Fairoaks Ave, Methuen, MA 01844

8 beds
4 full baths
5,398 sqft
$1,199,000
$1,199,000
1-3 Fairoaks Ave, Methuen, MA 01844
8 beds
4 full baths
5,398 sqft
$1,199,000
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Price:
$1,199,000
$51,000 - 10/18/2024

Type Multi-Family
Beds 8
Total Baths 4 full baths
Square Feet 5,398 sqft
Garage Spaces 2
Lot Size 0.34 acres
Year Built 1901

City Methuen
County Essex

MLS 73277653
Status Active
DOM 88 days
Discover this exceptional 2-family home, a proven money maker even w/ current below-market rents, nestled in the picturesque Methuen neighborhood at the corner of tree-lined Vermont and Fairoaks. This property has been lovingly maintained for years, w/ numerous major updates and replacements already completed—leaving nothing to do but make it your own. With it's stunning craftsmanship and character, each side offers 4+ bedrooms, 2 baths, eat in kitchens, living room, dining room, and extra rooms for office, etc. Conveniently located just minutes from excellent local dining, shopping, medical facilities, and major highway access, this property offers the perfect blend of comfort and accessibility. Whether you're looking to occupy one unit and offset your mortgage with the rental income from the second unit or seeking a solid investment opportunity with both units rented out, this home is ideal for both scenarios.

Lot & Building Features

Appliances Dishwasher, Washer, Refrigerator, Range, Dryer
Construction Frame
Cooling None
Heating Baseboard, Hot Water
Sewer Public Sewer
Tax Year 2024
Taxes Paid $10,807
Water Public
Foundation Block, Stone
Interior Features Bathroom with Shower Stall, Walk-Up Attic, Slider, Office/Den, Living Room, Kitchen, Heated Attic, Floored Attic, Dining Room, Crown Molding, Bathroom With Tub
Roof Shingle
Full Baths 4
Parking Paved Drive
Total Rooms 19
Basement Feature Full
Garage Spaces 2
Fireplaces 2

Price History of 1-3 Fairoaks Ave, Methuen, MA

Date Name Price Difference
10/18/2024 Price Adjustment $1,199,000 4.08%
08/14/2024 Listing Price $1,250,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 1-3 Fairoaks Ave, Methuen, MA

Location Map Street View
Photo of Linda Riha
Linda Riha
Assistant Manager/Assoc Broker
Direct: 603-819-1110
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
603-382-0360 x10
Listed by BHHS Verani Londonderry, Jane Cresta
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1-3 Fairoaks Ave (MLS #73277653) is a multi-family listing located in Methuen, MA. This multi-family listing is 5,398 sqft and on a lot of 14,985 sqft (or 0.34 acres) with 8 bedrooms, 4 baths and is 123 years old. This property was listed on 08/14/2024 and has been priced for sale at $1,199,000.

Nearby zip codes are 01840, 01841, 01843, 01845 and 01852. This property neighbors other cities such as Andover, Haverhill, Lawrence, North Andover and Salem.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Berkshire Hathaway HomeServices Verani Realty

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.