PRIME METHUEN MULTIFAMILY INVESTMENT OPPORTUNITY! Discover this exceptional five-unit property ideally located near major highways, shopping, and everyday amenities. Each unit was thoughtfully renovated before tenant occupancy, featuring updated finishes, stainless steel appliances, and granite countertops. This property offers dedicated off-street parking lot for tenant convenience, while separately metered heat and electricity help support efficient ownership and operating expenses. A rare opportunity to acquire a well-positioned, income-producing asset in a desirable Methuen location. Buyer and Buyer's agent to conduct their own due diligence and verify all information associated with the property.

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Basic Information

Gross Income $102,525
Mls StatusNew
Parcel Number M:0516 B:0154 L:0004,2039964
Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Road Frontage DescriptionPaved

Tax Information

Tax Assessed Value $1,080,900
Tax Year 2026
Taxes$11,241

Parking

Open Parking YN Yes
Parking Features Paved Drive, Off Street, Assigned, Paved
Parking Spaces13

Rooms

Bathroom6
Bathrooms Total Decimal 5.5
Bedrooms11
Full Bath5
Half Baths1

Basic Information

List Price$1,200,000
MLS Number73569939
Modification Date08/30/2026
Property SubType5+ Family - 5+ Units Up/Down

Location

Address40-44 Forest Street
Building Number40-44
CountyEssex
StateMA
StreetForest Street
TownMethuen
Zip01844

Building

BasementWalk-Out Access
Building Area Units Square Feet
Construction Materials Frame
FoundationConcrete Perimeter
Levels 7
Patio And Porch Features Porch
Rooms23
Stories7
Units5
Utilities For Gas Range
Year Built1890
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.53

Interior

Flooring Wood, Hardwood
Interior Features
- Bathroom With Tub & Shower
- Dining Room
- High Speed Internet
- Internet Available - Unknown
- Kitchen
- Living Room
- Remodeled
- Stone/Granite/Solid Counters
- Sunroom
- Upgraded Cabinets
- Upgraded Countertops
- Walk-In Closet(s)

Exterior

Exterior Features Rain Gutters, Varies per Unit
RoofShingle

Utilities

Electric Expense 1100
Heat SystemYes
Heating
- Electric
- Forced Air
- Hot Water
- Individual
- Natural Gas
- Unit Control
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 5,306
Lot Size Square Feet 23,204
Lot Size Units Acres
Square Feet5,306

Amenities

Amenities
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Public School
- Public Transportation
- Shopping
Appliances IncludedRange, Microwave, Refrigerator

Legal

ZoningRD

Other

Date Listed08/30/2026
Farm Land Area Units Square Feet

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Newton, MA

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More Info

Basic Information

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Parking

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Basic Information

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Newton, MA