Listing Tools

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

Other

  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Margus Deery of Coldwell Banker Realty - Andovers/Readings Regional

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