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2 Days on market
245 Hampstead St Methuen — Photo 1 of 36

245 Hampstead St Methuen — Photo 1 of 36

$750,000

Investment Analysis — 245 Hampstead St

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 2.77% cap rate and $20,741/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.

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Beds

4

Baths

2.5

SqFt

2,284

Style

Single Family

Built

1999

Welcome to this classic center-entrance Colonial offering privacy at its best! Set far back from the road amongst the pines on an impressive 2.2-acre lot, a long, winding drive leads you home to this spacious 9-room retreat featuring 2,284 square feet of comfortable living space. From the moment you arrive, the peaceful, natural surroundings establish a quiet sanctuary that is hard to find. Step inside to discover a bright and inviting main level framed by warm hardwood floors and classic architectural details. The heart of the home features a first-class oak kitchen highlighted by cathedral-door cabinetry, offering exceptional storage and prep space. Adjacent to the kitchen, the formal dining area serves as a refined backdrop for hosting holiday dinners or gathering with friends. The main floor transitions seamlessly into an impressive 16x24 great room designed for both grand entertaining and everyday relaxation. Anchored by a unique 3-way fireplace, this grand living space is filled with warmth and character. Upstairs, four generously sized bedrooms provide comfortable private quarters for everyone, including a full bath and a spacious primary suite setup, rounded out by a half bath on the first floor for guest convenience. Outside, enjoy total tranquility surrounded by mature trees and expansive grounds. Practical features include efficient gas heating, an attached 2-car garage, and a passed Title V inspection for complete peace of mind. Don't miss this rare opportunity to own a charming, private Colonial home in a truly serene setting!

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 2,284 sq ft principal dwelling). Lot size: 95,832 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.

Immersive Experience

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Property Details

Financials

Original Price$750,000
Annual Taxes$7,166

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Vinyl, Carpet, Hardwood
BasementPartial

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRR

Property & Lot

Acres2.2
SqFt Lot95,832
Lot Features--

Amenities & Appliances

Water Heater • Range • Dishwasher • Disposal • Microwave • Washer • Dryer • ENERGY STAR Qualified Refrigerator

Neighborhood

Shopping • Golf • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
Main,First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl Main,First

13.333333333 x 17.166666666

Flooring - Wall to Wall Carpet

Dining Room
Lvl Main,First

16 x 11.583333333

Flooring - Hardwood, Lighting - Pendant

Kitchen
Lvl Main,First

15.583333333 x 11.333333333

Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Gas Stove, Lighting - Overhead

Family Room
Lvl Main,First

16 x 23.25

Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Wall to Wall Carpet, Recessed Lighting

Primary Bedroom
Lvl Second

13.166666666 x 19.333333333

Bathroom - Full, Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead, Closet - Double

Bedroom 2
Lvl Second

16 x 12.666666666

Bedroom 3
Lvl Second

11 x 12.416666666

Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead

Bedroom 4
Lvl Second

12.166666666 x 9.083333333

Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead

Bathroom 1
Lvl Main,First

4.5 x 5.75

Bathroom - Half, Flooring - Vinyl, Lighting - Overhead

Bathroom 2
Lvl Second

8.416666666 x 5.833333333

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Vinyl, Lighting - Overhead

Bathroom 3
Lvl Second

9.833333333 x 5.833333333

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Lighting - Overhead

Listing Provided By

Listing Agent: Joanne Rodrigues

Listing Office: Redfin Corp.

MLS® Number: 73575972