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Fantastic investment opportunity awaits! This 3-family sits on a fenced corner lot in a convenient Methuen neighborhood near Gill Avenue Park, offering the kind of flexibility both investors and owner-occupants love. Each of the three floors has its own Living Room, Dining Room, Kitchen, 2 Bedrooms, full Bathroom, private enclosed Sunroom, and dedicated storage area. Units 1 and 2 are home to reliable tenants-at-will who would love to stay, bringing in immediate income. Units 1 & 2 are lead certified and offer in-unit laundry. Each floor features a large eat-in Kitchen with plenty of cabinet space, gas range, and sunny, open rooms. The third floor is vacant and ready for a complete renovation, a rare chance to create a home exactly to your taste while the rents help pay the mortgage. A chair lift is installed on the back stairway to the third floor. Each unit has its own gas meter, and the property also offers separate electrical panels, 2 gas furnaces (one is approx 3 years old), 3 young water tanks, a storage shed, a side yard, and paved off-street parking for 6 cars. Rubber roof repaired approx 10 years ago. Conveniently located near shopping, public transportation, and highway access. Live in one, rent the others, and let this property work for you!
More Info
Basic Information
- Gross Income $19,200
- Listing Terms Contract
- Lot Features Corner Lot, Level
- Mls StatusComing Soon
- Parcel Number M:0614 B:0145 L:0001
- Rent Includes Unit 1(None), Unit 2(None)
- Road Frontage DescriptionPaved
Tax Information
- Tax Assessed Value $634,500
- Tax Year 2026
- Taxes$6,599
School Information
- Elementary SchoolMarsh Grammar School
- High School Methuen High School
- Junior HighMarsh Grammar School
Parking
- Open Parking YN Yes
- Parking Features Paved Drive, Shared Driveway, Off Street, Tandem, Paved
- Parking Spaces6
Rooms
- Bathroom3
- Bathrooms Total Decimal 3
- Bedrooms6
- Full Bath3
Basic Information
- List Price$699,000
- MLS Number73601954
- Modification Date11/13/2026
- Property SubType3 Family
Location
- Address2-4 1/2 Ashland Avenue
- Building Number2-4 1/2
- CountyEssex
- StateMA
- StreetAshland Avenue
- TownMethuen
- Zip01844
Building
- BasementFull, Dirt Floor, Unfinished
- Building Area Units Square Feet
- Construction Materials Frame
- FoundationStone
- Levels 3
- Patio And Porch Features Enclosed
- Rooms15
- Stories3
- Units3
- Utilities For Gas Range, For Electric Dryer, Washer Hookup
- Window Features Insulated Windows
- Year Built1930
- Year Built Details Actual
- Year Built Source Public Records
Property
- Acreage0.1
- Other Structures Shed(s)
Interior
- Flooring Wood, Vinyl, Varies, Laminate
- Interior Features
- Bathroom With Tub & Shower
- Dining Room
- Kitchen
- Laundry Room
- Lead Certification Available
- Living Room
- Storage
- Sunroom
Exterior
- Fencing Fenced/Enclosed
- RoofRubber
Utilities
- Electric Fuses
- Heat SystemYes
- Heating Forced Air, Natural Gas, Hot Water, Individual
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Public Records
- Living Area 3,414
- Lot Size Square Feet 4,395
- Lot Size Units Acres
- Road Responsibility Public Maintained Road
- Square Feet3,414
Amenities
- Amenities
- Golf
- Highway Access
- House of Worship
- Medical Facility
- Park
- Public School
- Public Transportation
- Shopping
- Sidewalks
- Appliances IncludedRange, Refrigerator, Washer, Dryer
- Other AmenitiesBasement, Golf
- Security Features Security System
Legal
- ZoningRG
Other
- Farm Land Area Units Square Feet
Map Location
Listed by Margus Deery of Coldwell Banker Realty - Andovers/Readings Regional
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