
119 Lawrence St Methuen — Photo 1 of 32
$499,900
Investment Analysis — 119 Lawrence 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 4.10% cap rate and $20,481/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,440
Style
Single Family
Built
1950
Classic Cape style meets updated comfort at 119 Lawrence Street in Methuen! This three-bedroom home brings together a renovated kitchen, hardwood floors, a garage and an above-ground pool in a convenient commuter location. With updates to key systems and features to enjoy in every season, this property offers a welcome combination of character, comfort and everyday practicality. The renovated kitchen is a standout, providing an updated setting for everything from morning coffee and weeknight dinners to preparing your favorite meals for guests. Hardwood flooring adds warmth and timeless appeal, complementing the home’s classic Cape character and creating a backdrop for your own furnishings and style. Three bedrooms offer options for sleeping accommodations, a guest room or a dedicated home office, depending on your needs. Whether you are working from home, hosting overnight visitors or simply looking for room to make your own, the bedroom count offers useful flexibility. A newer forced hot air heating and central air-conditioning system helps keep the home comfortable through New England’s changing seasons, while on-demand hot water adds another practical update. Outside, the above-ground pool sets the scene for summer fun, refreshing swims and weekends spent enjoying time at home. Picture cooling off after a busy day or making the most of a sunny afternoon without packing up for a trip to the beach. The garage adds valuable utility, with options for vehicle parking or storing tools, outdoor equipment and seasonal items. The commuter-friendly Methuen location adds to the appeal, making this an option for buyers who want home comforts with convenience for their daily travels. From the renovated kitchen and hardwood floors to the updated heating and cooling, pool and garage, this Cape brings together an appealing collection of sought-after features.
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: 720 sq ft (the lesser of 900 sq ft or half the 1,440 sq ft principal dwelling). Lot size: 6,299 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
Tankless Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondListing Agent: Kerry Nicolls
Listing Office: Foundation Brokerage Group
MLS® Number: 73569517
