211 Lowell Street Methuen — Photo 1 of 24
$419,900
Investment Analysis — 211 Lowell Street
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 4.88% cap rate and $20,497/yr in estimated NOI at the $419,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,338
Style
Single Family
Built
1950
Opportunity awaits in this classic Cape, ideally situated on a corner lot in the desirable West End, abutting a lovely neighborhood and convenient to highways and shopping. The home features a large eat-in kitchen, living room with bay window, hardwood floors, a first-floor bedroom, den, sunroom and full bath, plus two additional bedrooms upstairs. The basement, with a three-quarter bath, offers additional expansion possibilities. An attached garage, newer roof (approx 5 yrs) and large fenced in yard add to its appeal. The property requires updating but offers tremendous potential for an investor or owner-occupant ready to restore it and build equity. Property is being sold as-is. **offers due by Tuesday 9/1 at 12 noon**
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: 669 sq ft (the lesser of 900 sq ft or half the 1,338 sq ft principal dwelling). Lot size: 11,252 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 MLS and other third-party data may be inaccurate or out of date.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
Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13.2 x 11
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl First22.11 x 13.5
Master Bedroom
Lvl Second13.5 x 10.4
Bedroom 2
Lvl Second13.11 x 12.3
Bedroom 3
Lvl First13.3 x 13.3
Flooring - Hardwood
Bathroom 1
Lvl First9.1 x 5
Bathroom 2
Lvl BasementListing Agent: Gail Waitt
Listing Office: Berkshire Hathaway HomeServices Verani Realty Salem
MLS® Number: 73569275
