188 Oak St Methuen — Photo 1 of 27
$699,900
Investment Analysis — 188 Oak 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 2.86% cap rate and $20,017/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,729
Style
Single Family
Built
1960
Seller will pay $5,000 towards Buyer's closing costs. Welcome home to this freshly remodeled, oversized Cape offering the perfect blend of modern upgrades and classic charm. Step inside to discover a desirable open floor plan filled with natural light, featuring all-new flooring, fresh neutral paint, and a cozy living room centered around a classic fireplace. The heart of the home is the newly designed custom kitchen, fully equipped for effortless cooking and entertaining. A spacious bonus family room provides ideal flexible space for a home office, playroom, or media center. All three bedrooms are generously sized with ample closet space, complemented by two brand-new, stylish full bathrooms. Major exterior updates offer complete peace of mind, including a roof, windows, and vinyl siding all updated in 2020. Situated in an unbeatable location, you are just two minutes from major highway access, local dining, shopping, and the New Hampshire border for easy commuting and tax-free shopping. Move right in and start enjoying!
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: 865 sq ft (the lesser of 900 sq ft or half the 1,729 sq ft principal dwelling). Lot size: 13,299 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondListing Agent: Matthew Mclennan
Listing Office: Century 21 McLennan & Company
MLS® Number: 73564899
