1-3 Fairoaks Ave Methuen MA 01844 MLS #73371863

1-3 Fairoaks Ave
Methuen, MA, 01844
$1,095,000
8 Beds
4 Baths
5,398 SqFt
0.34 Acres
$1,095,000
1-3 Fairoaks Ave
Methuen, MA, 01844
This beautifully maintained 2-family home is set on the corner of Vermont & Fairoaks in one of Methuen’s most charming, tree-lined neighborhoods. Even w/ below-market rents, this property is a proven money maker offering a great opportunity for both owner-occupants & investors. Each unit features 4+ bdrms, 2 full baths, eat-in kitchen, dining rm, living rm, & bonus rms perfect for a home office or additional living space. W/ stunning craftsmanship & preserved architectural details, this home radiates character, & functionality. , This is truly a move-in-ready property w/ many major updates & system upgrades already completed. A large yard & detached garage add even more value & appeal. Located just minutes from restaurants, shopping, medical facilities, & with easy access to major highways, this home offers comfort & connectivity. Whether you choose to live in one unit and rent the other to offset your mortgage or rent both for income, this versatile property checks all the boxes.

Property Details

Price:
$1,095,000
MLS #:
73371863
Status:
Active Under Contract
Beds:
8
Baths:
4
Address:
1-3 Fairoaks Ave
Type:
Multi Family
City:
Methuen
Listed Date:
May 8, 2025
State:
MA
Finished Sq Ft:
5,398
Total Sq Ft:
5,398
ZIP:
01844
Lot Size:
14,985 sqft / 0.34 acres (approx)
Year Built:
1901
Units:
2

Schools

Interior

Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Bathrooms
4 Full Bathrooms
Cooling
None
Fireplaces Total
2
Flooring
Wood, Tile, Carpet, Hardwood
Heating
Baseboard, Hot Water

Exterior

Community Features
Public Transportation, Shopping, Medical Facility
Construction Materials
Frame
Parking Features
Paved Drive
Parking Spots
14
Roof
Shingle

Financial

Net Operating Income
$43,200
Tax Year
2025
Taxes
$11,915
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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1-3 Fairoaks Ave
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