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You are here:
Home Massachusetts Methuen Multi-Family Homes for Sale

1-3 Fairoaks Ave Methuen, MA 01844

97 Days on Boston Pads
Price Reduced $51,000
40 Photos
$1,199,000
2 Unit
8 Beds
4 Baths
5398 SQFT
0.34 Acre
1-3 Fairoaks Ave
Methuen, MA 01844

Property Description

Discover this exceptional 2-family home, a proven money maker even w/ current below-market rents, nestled in the picturesque Methuen neighborhood at the corner of tree-lined Vermont and Fairoaks. This property has been lovingly maintained for years, w/ numerous major updates and replacements already completed—leaving nothing to do but make it your own. With it's stunning craftsmanship and character, each side offers 4+ bedrooms, 2 baths, eat in kitchens, living room, dining room, and extra rooms for office, etc. Conveniently located just minutes from excellent local dining, shopping, medical facilities, and major highway access, this property offers the perfect blend of comfort and accessibility. Whether you're looking to occupy one unit and offset your mortgage with the rental income from the second unit or seeking a solid investment opportunity with both units rented out, this home is ideal for both scenarios.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Total Fireplaces: 2
  • Amenities: Medical Facility, Public Transportation, Shopping
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub, Crown Molding, Floored Attic, Heated Attic, Slider, Tile Floor, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Common Heating: Active Solar, Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 43200
  • Net Operating Income: 43200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Construction

  • Year Built: 1901
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73277653
  • Last Updated: 10/22/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/22/2024Active$1,199,000$222MLSPIN
10/18/2024Price Change$1,199,000$222MLSPIN
08/18/2024Active$1,250,000$232MLSPIN
08/14/2024New$1,250,000$232MLSPIN

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View Breakdown

Map & Resources

Currier School (Methuen Adult Learning Center)

School

0.19mi

Parthum Elementary School

Grades: 1-6

0.75mi

Parthum Middle School

Public School, Grades: 5-8

0.75mi

Parthum Middle School

Public Middle School, Grades: 5-8

0.77mi

Edward F. Parthum School

Public Elementary School, Grades: K-4

0.77mi

Lawlor Early Childhood Center

Public Elementary School, Grades: PK-K

0.83mi

Francis M. Leahy School

School

0.83mi

Saint Lawrence School

School

0.85mi

Pekin Garden

Chinese Restaurant

0.82mi

Holy Family Hospital

Hospital

0.54mi

Lawrence General Hospital

Hospital

0.99mi

Methuen Fire Department East Fire Station

Fire Station

0.2mi

Lawrence Fire Department

Fire Station

0.85mi

Lawrence Fire Department

Fire Station

1.15mi

Conservation Land

Nature Reserve

0.59mi

Conservation Land

Nature Reserve

0.8mi

Conservation Land

Nature Reserve

0.85mi

Ashford Street Playground

Park

0.35mi

Veterans Memorial Park

Park

0.66mi

Durant Square

Park

0.66mi

Dr. Nina Scarito Park

Park

0.74mi

Facella Lot Park

Park

0.76mi

M&T Bank

Bank

0.26mi

Haffner's Gasoline

Gas Station

0.84mi

Valero

Convenience

0.28mi

CVS Pharmacy

Pharmacy

0.22mi

Walgreens

Pharmacy

0.31mi

Mello's Supermarket

Supermarket

0.84mi

Constanza Market

Supermarket

0.85mi

Seller's Representative: Jane Cresta, Berkshire Hathaway HomeServices Verani Realty
MLS ID#: 73277653

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-10-22 03:05:00