
165 Berkeley St Methuen — Photo 1 of 42
$799,900
Investment Analysis — 165 Berkeley St
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 6-bedroom in 01844 carries an estimated $3,060/mo in gross rent — about a 2.42% cap rate and $19,364/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
3,916
Style
Single Family
Built
1920
ATTENTION INVESTORS & CONTRACTORS HOLDING ONTO CASH FOR THE RIGHT PROPERTY TO COME ALONG-WELL HERE IT IS! THIS AMAZING BRICK COLONIAL IS SET BEHIND A STONE WALL ON AN EXPANSIVE 1.25 acre LOT AND FEATURES A 7 BAY GARAGE AND LOADS OF OFF STREET PARKING. THE SPACIOUS LOT HAS A HIGH POTENTIAL TO SUB-DIVIDE WHICH CAN HELP TO PAY FOR THE IMPROVEMENTS TO THE MAIN HOME TO BRING IT BACK TO THE GRAND CONDITION IT WAS IN DAYS PAST WITH TODAY'S AMENITIES. MANY FEATURES INCLUDE AN UPDATED 200 AMP ELECTRICAL SERVICE, NEW GAS FHW FURNACE AND HOT WATER HEATER, 3 LEVELS OF LIVING SPACE, GRAND STAIRCASE, HARDWOOD FLOORING THRU-OUT MOST AREAS, POCKET AND FRENCH DOORS, MULTIPLE FIREPLACES, BEAUTIFUL WOOD WORK, SLATE ROOF , SOLID BRICK EXTERIOR AND FOUNDATION PLUS TOWN WATER/SEWER. HOME IS BEING SOLD AS IS AND BUYERS ARE TO DO THEIR OWN DUE DILIGENCE AS SELLERS MAKE NO WARRANTIES OR REPRESENTATION. SEE ATTACHED PLAN AND TOWN RECORDS FOR MORE INFORMATION. REALTORS AND BUYERS TO BE CAUTIOUS WHEN VIEWING FOR THEIR OWN SAFETY. QUALIFIED BUYERS ONLY WITH PRE-QUALIFCAITON FOR CONSTRUCTION OR REHAB LOANS OR PROOF OF FUNDS IF CASH. THIS SPECTACULAR PROPERTY OFFERS SEVERAL OPTIONS SO COME TAKE A LOOK AND SEE IF THIS IS YOUR NEXT FALL PROJECT AND MAYBE EVEN YOUR NEXT PROFIT MAKER!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,916 sq ft principal dwelling). Lot size: 54,300 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Medical Facility • Highway Access • House of Worship • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Picture, French Doors
Dining Room
Lvl FirstFlooring - Hardwood, Window(s) - Picture, French Doors, Wainscoting, Pocket Door
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Country Kitchen, Exterior Access
Office
Lvl SecondPrimary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood, Exterior Access
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bedroom 5
Lvl ThirdCloset, Flooring - Hardwood
Bathroom 1
Lvl Main,FirstBathroom - 3/4, Bathroom - With Shower Stall, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl SecondBathroom - Full
Bathroom 3
Lvl ThirdBathroom - Full
Listing Agent: Karen Schubert
Listing Office: Century 21 McLennan & Company
MLS® Number: 73565644