56 Sycamore Rd Methuen — Photo 1 of 41
$689,900
Investment Analysis — 56 Sycamore Rd
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 2.72% cap rate and $18,745/yr in estimated NOI at the $689,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,535
Style
Single Family
Built
1984
Set on a level half-acre lot in a peaceful Methuen neighborhood, this 3-bedroom, 2-bath home offers space, comfort, and versatility. The bright kitchen features granite countertops and freshly painted white cabinetry, while the heated sunroom provides the perfect year-round spot to relax overlooking the fenced backyard. All three bedrooms are conveniently located on the main level, including a spacious primary bedroom with direct access to the full bath. The finished walkout lower level adds valuable living space with exciting potential for an in-law setup, guest quarters, home office, or family room. Additional highlights include a one-car garage, teak hardwood flooring, fully fenced-in backyard, and recently added gutters with leaf guards. Enjoy a quiet residential setting just minutes from major highways, shopping, dining, and everyday conveniences.
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 2,535 sq ft principal dwelling). Lot size: 22,233 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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Financials
Parking
Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Golf • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 15
Flooring - Hardwood
Dining Room
Lvl First13 x 12
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl First13 x 12
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Office
Lvl Basement8 x 12
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Family Room
Lvl Basement27 x 25
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Recessed Lighting
Master Bedroom
Lvl First15 x 12
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First11 x 12
Bedroom 3
Lvl First11 x 11
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First8 x 12
Bathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Basement9 x 6
Bathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Team Blue
Listing Office: ERA Key Realty Services
MLS® Number: 73574661
