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HomeSmart First Class Realty
📞 (508) 287-8319
$1,000,000
$1,095,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
1-3 Fairoaks Ave Methuen, MA 01844
8 Beds
4 Baths
5,398 SqFt
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,398 sqft
Price per Sqft $185
MLS Listing ID 73371863
Sold Date 07/17/25
Bedrooms 8
Full Baths 4
Year Built 1901
Annual Tax Amount $11,915
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Multi Family
Property Description
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.
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
Roof Type Shingle
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
Read Less
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Bought with Alycia Greenwood • Lamacchia Realty, Inc.