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25 Days on market
165 Berkeley St Methuen — Photo 1 of 42

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.

View Standard Listing

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

Original Price$799,900
Annual Taxes$8,543

Parking

Garage7
Off-Street22

Interior Specifications

Total Rooms10
Fireplaces3
FlooringTile, Hardwood, Flooring - Hardwood
BasementFull, Walk-Out Access

Climate & Utilities

HeatingBaseboard, Natural Gas, Fireplace
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofSlate
FoundationBrick/Mortar
ZoningRD & R2

Property & Lot

Acres1.25
SqFt Lot54,300
Lot FeaturesCleared, Level

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

Third
Bedroom 5Bathroom 3
Second
OfficePrimary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2
First
Living RoomDining RoomKitchen
Main,First
Bathroom 1
Living Room
Lvl First

Flooring - Hardwood, Window(s) - Picture, French Doors

Dining Room
Lvl First

Flooring - Hardwood, Window(s) - Picture, French Doors, Wainscoting, Pocket Door

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Country Kitchen, Exterior Access

Office
Lvl Second
Primary Bedroom
Lvl Second

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood, Exterior Access

Bedroom 4
Lvl Second

Closet, Flooring - Hardwood

Bedroom 5
Lvl Third

Closet, Flooring - Hardwood

Bathroom 1
Lvl Main,First

Bathroom - 3/4, Bathroom - With Shower Stall, Dryer Hookup - Electric, Washer Hookup

Bathroom 2
Lvl Second

Bathroom - Full

Bathroom 3
Lvl Third

Bathroom - Full

Listing Provided By

Listing Agent: Karen Schubert

Listing Office: Century 21 McLennan & Company

MLS® Number: 73565644