5 Patrick Way Methuen — Photo 1 of 42
$1,250,000
Investment Analysis — 5 Patrick Way
Methuen, MA 01844 — Shannon Estates - North Methuen
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 1.39% cap rate and $17,428/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
3,842
Style
Single Family
Built
2008
Welcome to 5 Patrick Way! Timeless elegance meets modern sophistication and functionality in this grand "estate" home situated on a quiet cul-de-sac in a coveted North Methuen neighborhood. Come experience one of the finest homes in the area with professional interior designer features, exquisite details and lighting, abundant natural lighting throughout, customized ceramic/marble flooring and baths, remodeled walk-in 'Closets-By-Design' with pocket doors, specialty crown molding, cathedral and tray ceilings, stunning kitchen with hand-crafted cabinetry, full granite backsplash and countertops, undermount cabinet lighting, and new black stainless appliances, French doors leading to the serene sunroom, and an oversized 3rd floor multi-purpose lounge room or guest suite! This home includes 1st floor AND 2nd floor primary suites, offering a multi-generational living opportunity. Step through one of the two sliding glass doors and discover expansive outdoor spaces with a large deck, professional landscaping, garden areas, custom stonework and hardscapes, retaining walls, multiple brick pavers patios and walkways, built-in brick firepit, matching storage shed, and covered patio leading to the walkout basement and oversized 3-car garage. The New Hampshire border, shopping centers, golf courses, and the new Tuscan Village are 10 minutes away! You won't want to miss this unique and exceptional quality home. See attached features/amenities sheet and floor plans. ***Please join us for an Open House weekend on September 12th and 13th from 12:00-2:00+ pm! ***Brokers Open House on Friday, September 11 from 4:00-5:30 pm***
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 3,842 sq ft principal dwelling). Lot size: 82,764 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
Tankless Water Heater • Oven • Dishwasher • Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Cooktop
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, French Doors
Dining Room
Lvl FirstFlooring - Hardwood, Chair Rail, Wainscoting, Archway, Crown Molding, Tray Ceiling(s)
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Stainless Steel Appliances
Family Room
Lvl FirstFlooring - Hardwood
Master Bedroom
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Decorative Molding, Pocket Door
Bedroom 2
Lvl Main,FirstBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstFlooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondFlooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub
Bathroom 3
Lvl SecondFlooring - Stone/Ceramic Tile
Listing Agent: Kristen M. Bradley
Listing Office: StartPoint Realty
MLS® Number: 73571366
