147-149 Oakland Ave Methuen — Photo 1 of 27
Recent Drop: $36,400
$717,900
Investment Analysis — 147-149 Oakland Ave
Methuen, MA 01844
Based on rent reported on the MLS listing, a 2-unit multi-family in 01844 carries $1,955/mo in gross rent — about a 1.55% cap rate and $11,141/yr in estimated NOI at the $717,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,547
Style
Multi Family
Built
1930
Original patterned hardwood floors, columned room dividers with built-in cabinetry, deep pantries, and an eat-in kitchen with gas cooking. This 1930 two-family near downtown Methuen still showcases its period character. The vacant second-floor unit is open and ready to be your home. The first floor is leased through February 2027 at $1,955 a month, professionally managed, with the tenant covering their own utilities, so the income is in place from day one. Each unit has its own steam heat and hot water. Full basement for laundry and storage, a paved driveway, and a fenced yard with a patio out back. old as-is. Priced to reflect its condition, with room for an owner-occupant to build equity over time. Conveniently located minutes to 93 and 495.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Highway Access • Public School
Geography
Property History
$717,900
Was $754,300
Sep 9, 2026
MLS® 73560944
$754,300
Aug 7, 2026
MLS® 73560944
Listing Agent: Tyson Lynch
Listing Office: The Proper Nest Real Estate
MLS® Number: 73560944