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Home Massachusetts Multi-Family Homes for Sale

1-3 Fairoaks Ave Methuen, MA 01844
NEW
40
$1,095,000
Total Beds: 8 Total Baths: 4
Total Units: 2 SQFT: 5398
LOT size: 0.34 Acres
1-3 Fairoaks Ave
Methuen, MA 01844
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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.
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Property Details

Building Information

  • Total Units: 2
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Total Fireplaces: 2
  • Amenities: Medical Facility, Public Transportation, Shopping
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub, Crown Molding, Floored Attic, Heated Attic, Slider, Tile Floor, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Common Heating: Active Solar, Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 43200
  • Net Operating Income: 43200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Construction

  • Year Built: 1901
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73371863
  • Last Updated: 05/08/25

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Map

Seller's Representative: Jane Cresta, Berkshire Hathaway HomeServices Verani Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-05-08 13:00:00

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