219 Pelham Street Methuen — Photo 1 of 42
Recent Drop: $40,000
$589,900
Investment Analysis — 219 Pelham Street
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01844 carries an estimated $3,060/mo in gross rent — about a 3.92% cap rate and $23,109/yr in estimated NOI at the $589,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,834
Style
Single Family
Built
1939
Welcome Home to this beautifully maintained home that combines classic charm with modern comfort. From the moment you step inside, you’ll be impressed by the hardwood floors throughout and soaring high ceilings that create a bright, open, and elegant atmosphere.The spacious layout offers sun-filled living areas perfect for both everyday living and entertaining. A standout feature of the home is the beautiful sunroom, providing the perfect space to relax with your morning coffee, unwind with a book, or enjoy year-round natural light.The kitchen offers ample cabinetry and flows seamlessly into the dining area, making gatherings effortless. In addition, the home features an extra room ideal for a home office, guest space, or flex use, giving you the versatility to fit your lifestyle needs.Generously sized bedrooms and well-appointed bathrooms provide comfort and functionality. Outside, enjoy a generous sized yard perfect for entertaining, gardening, or simply relaxing.
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: 900 sq ft (the lesser of 900 sq ft or half the 1,834 sq ft principal dwelling). Lot size: 6,421 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
Gas Water Heater • Tankless Water Heater • Range • Refrigerator
Neighborhood
Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First15 x 13
Ceiling Fan(s), Flooring - Hardwood, Exterior Access, Remodeled
Dining Room
Lvl First13 x 13
Ceiling Fan(s), Flooring - Hardwood, Remodeled
Kitchen
Lvl First17 x 14
Bathroom - Full, Ceiling Fan(s), Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Exterior Access, Remodeled, Stainless Steel Appliances, Storage, Gas Stove, Lighting - Overhead
Office
Lvl First10 x 6
Flooring - Hardwood, Remodeled
Master Bedroom
Lvl Second14 x 13
Walk-In Closet(s), Flooring - Hardwood, Remodeled
Bedroom 2
Lvl Second13 x 12
Bedroom 3
Lvl Second12 x 11
Flooring - Hardwood, Remodeled
Property History
$589,900
Was $594,900
Sep 7, 2026
MLS® 73544656
$594,900
Was $599,900
Aug 20, 2026
MLS® 73544656
$599,900
Was $629,900
Aug 4, 2026
MLS® 73544656
$629,900
Jul 4, 2026
MLS® 73544656
$649,900
Jul 1, 2026
MLS® 73522451
$649,900
May 21, 2026
MLS® 73522451
$664,900
May 4, 2026
MLS® 73490088
$664,900
Mar 22, 2026
MLS® 73490088
$440,000
Oct 29, 2025
MLS® 73446136
$415,000
Oct 21, 2025
MLS® 73446136
Listing Agent: George Silva
Listing Office: Empire Real Estate™
MLS® Number: 73544656
