1070 Riverside Dr Methuen — Photo 1 of 1
$615,000
Investment Analysis — 1070 Riverside Dr
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 3.28% cap rate and $20,198/yr in estimated NOI at the $615,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,614
Style
Single Family
Built
1949
Welcome to waterfront living!!! This charming Cape-style home offers three bedrooms, two full bathrooms, and approximately 1,614 square feet of comfortable living space along the Merrimack River. The bright, inviting interior features an open living and dining area, updated kitchen with stainless-steel appliances, white cabinetry, and tile backsplash, along with a flexible floor plan designed for everyday living and entertaining. Step outside and enjoy peaceful river views, a spacious deck, hardscape fire-pit area, and private dock—creating the perfect setting for relaxing or gathering with family and friends. A two-car garage provides additional parking and storage. Conveniently located near shopping, restaurants, public transportation, and major commuter routes (I-93, Rte 28, Rte 110, Rte 133). Don’t miss this special opportunity to enjoy the beauty and tranquility of waterfront living! Open House Sunday 08/23/2026 from 2:30pm - 4:00pm
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: 807 sq ft (the lesser of 900 sq ft or half the 1,614 sq ft principal dwelling). Lot size: 10,149 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Listing Agent: Julie Chavez
Listing Office: Berkshire Hathaway HomeSevices Verani Realty Lawrence
MLS® Number: 73566582
