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Spectrum Real Estate Consultants

[email protected] +1(401) 334-3334

$ 1,199,000

Est. payment -/mo

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Price Dropped by $51K

1-3 Fairoaks Ave Methuen, MA 01844

8 Beds

4 Baths

5,398 SqFt

UPDATED:

10/22/2024 07:05 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,398 sqft

Price per Sqft $222

MLS Listing ID 73277653

Bedrooms 8

Full Baths 4

Year Built 1901

Annual Tax Amount $10,807

Tax Year 2024

Lot Size 0.340 Acres

Acres 0.34

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.

Location

State MA

County Essex

Zoning RC

Direction Home is on the corner of Vermont and Fairoaks

Rooms

Basement Full

Interior

Interior Features Floored Attic, Walk-Up Attic, Heated Attic, Bathroom with Shower Stall, Bathroom With Tub, Slider, Crown Molding, Living Room, Dining Room, Kitchen, Office/Den

Heating Baseboard, Hot Water

Cooling None

Flooring Wood, Tile, Carpet, Hardwood

Fireplaces Number 2

Fireplaces Type Wood Burning

Appliance Range, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Garage Spaces 2.0

Community Features Public Transportation, Shopping, Medical Facility

Waterfront false

Roof Type Shingle

Parking Type Paved Drive

Total Parking Spaces 14

Garage Yes

Building

Lot Description Corner Lot, Wooded, Level

Story 6

Foundation Block, Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Berkshire Hathaway HomeServices Verani Realty

Spectrum Real Estate Consultants

Admin

+1(401) 334-3334

Spectrum Real Estate Consultants

1-3 Fairoaks Ave Methuen, MA 01844

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1-3 Fairoaks Ave