Sold for $950,000

$950,000

15 1/2 Central St, Methuen, MA 01844

7beds

4,074sqft

4 Family

Built in 1900

-- sqft lot

$1,061,100 Zestimate^®

$233/sqft

$3,208 Estimated rent

Home value

$1,061,100

$966,000 - $1.16M

$3,208/mo

Zestimate^® history

Owner options

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$3,208/mo

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$3,208/mo

Rent Zestimate^®

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$5,883/mo

Est. payment

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$5,883/mo

Est. payment

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What's special

Newer roofWater heater tankBackyard spaceOff-street parking

Well-maintained four-unit multifamily investment property in the heart of Methuen. This asset offers a mix of (1) 4-bedroom/2-bathroom townhouse unit and (3) 1-bedroom/1-bathroom units, totaling 4,074 square feet of living space on a 0.27-acre parcel. Recent property improvements, including a newer roof, windows, insulation, water heater tank, and boiler, enhance long-term value and minimize maintenance costs. Additional amenities such as off-street parking, a garage, and backyard space. Located in a high-demand residential neighborhood, the property provides seamless access to major highways (Routes 93 & 213), downtown Methuen, and is just minutes from the New Hampshire state line. Current rental rates are below market, presenting an opportunity to enhance revenue by aligning rents with market levels.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5

Heating

Cooling

Other

Appliances

Included: Range, Microwave, Refrigerator, Washer, Dryer
Laundry: Gas Dryer Hookup

Features

Living Room, Dining Room, Kitchen, Laundry Room
Flooring: Vinyl, Hardwood
Basement: Full,Walk-Out Access,Unfinished
Has fireplace: No

Interior area

Total structure area: 4,074
Total interior livable area: 4,074 sqft
Finished area above ground: 4,074

Property

Parking

Total spaces: 6
Parking features: Off Street
Garage spaces: 1
Uncovered spaces: 5

Features

Patio & porch: Porch, Deck
Fencing: Fenced

Lot

Size: 0.27 Acres
Features: Corner Lot

Details

Parcel number: 7126411
Zoning: RG

Construction

Type & style

Home type: MultiFamily
Property subtype: 4 Family

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Gas Dryer

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, Other

Location

Region: Methuen

HOA & financial

Other financial information

Total actual rent: 8250

Price history

Date	Event	Price
4/7/2025	Sold	$950,000-5%$233/sqft
Source: MLS PIN #73336807 Report a problem
2/20/2025	Listed for sale	$999,900+37.9%$245/sqft
Source: MLS PIN #73336807 Report a problem
6/22/2021	Sold	$725,000+11.5%$178/sqft
Source: Agent Provided Report a problem
4/24/2021	Pending sale	$650,000$160/sqft
Source: RE/MAX International #72814172 Report a problem
4/23/2021	Listing removed	--
Source: RE/MAX International Report a problem
4/22/2021	Pending sale	$650,000$160/sqft
Source: RE/MAX International #72814172 Report a problem
4/14/2021	Listed for sale	$650,000$160/sqft
Source: RE/MAX International #72814172 Report a problem