
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.
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.
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Property Details
Financials
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Washer • Dryer • ENERGY STAR Qualified Refrigerator
Neighborhood
Shopping • Golf • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First13.333333333 x 17.166666666
Flooring - Wall to Wall Carpet
Dining Room
Lvl Main,First16 x 11.583333333
Flooring - Hardwood, Lighting - Pendant
Kitchen
Lvl Main,First15.583333333 x 11.333333333
Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Gas Stove, Lighting - Overhead
Family Room
Lvl Main,First16 x 23.25
Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Wall to Wall Carpet, Recessed Lighting
Primary Bedroom
Lvl Second13.166666666 x 19.333333333
Bathroom - Full, Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead, Closet - Double
Bedroom 2
Lvl Second16 x 12.666666666
Bedroom 3
Lvl Second11 x 12.416666666
Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 4
Lvl Second12.166666666 x 9.083333333
Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bathroom 1
Lvl Main,First4.5 x 5.75
Bathroom - Half, Flooring - Vinyl, Lighting - Overhead
Bathroom 2
Lvl Second8.416666666 x 5.833333333
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Vinyl, Lighting - Overhead
Bathroom 3
Lvl Second9.833333333 x 5.833333333
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Lighting - Overhead
Listing Agent: Joanne Rodrigues
Listing Office: Redfin Corp.
MLS® Number: 73575972
