197 Oakland Ave Methuen — Photo 1 of 41
$579,000
Investment Analysis — 197 Oakland Ave
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01844 carries an estimated $2,770/mo in gross rent — about a 3.49% cap rate and $20,208/yr in estimated NOI at the $579,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,276
Style
Single Family
Built
1940
Welcome to 197 Oakland Ave, Methuen! This beautifully fully renovated home is ready for its new owners—nothing to do but move in and enjoy. Thoughtfully updated throughout, the property offers a fresh, modern feel while providing the comfort and functionality today's buyers are looking for. Recent renovations include new electrical, new plumbing extending all the way to the sewer connection, spray foam insulation, new windows, new siding, new roof, new sheetrock throughout, and the addition of a second bathroom, along with new asphalt. Improvements were completed with city approvals in 2026, giving buyers added confidence in the extensive work performed. Situated on an impressive 0.8-acre lot (approximately 35,000 sq. ft.), the property offers an abundance of outdoor space—a rare find in Methuen. Whether you envision entertaining, gardening, outdoor activities, or simply enjoying the extra privacy and room to spread out, this oversized lot offers plenty of possibilities. With major renovations already completed, a spacious lot, and a convenient Methuen location, 197 Oakland Ave is priced to sell and ready to go! Don't miss the opportunity to own a beautifully updated, move-in-ready home. Schedule your showing today!
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: 638 sq ft (the lesser of 900 sq ft or half the 1,276 sq ft principal dwelling). Lot size: 35,000 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.
Open Houses
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 • Pool • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First13.083333333 x 20.916666666
Flooring - Hardwood, Flooring - Wood, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled
Dining Room
Lvl Main,First13.416666666 x 10.916666666
Flooring - Hardwood, Flooring - Wood, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled
Kitchen
Lvl Main,First10 x 11.5
Closet/Cabinets - Custom Built, Flooring - Hardwood, Flooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Open Floorplan, Recessed Lighting, Remodeled
Primary Bedroom
Lvl Second14.916666666 x 16.333333333
Closet - Linen, Flooring - Hardwood, Flooring - Wood, Recessed Lighting, Remodeled
Bedroom 2
Lvl Main,First10 x 11.416666666
Bedroom 3
Lvl Second13.833333333 x 10.583333333
Closet - Linen, Closet, Flooring - Hardwood, Flooring - Wood, Remodeled
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Skylight, Remodeled
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Remodeled
Property History
$579,000
Aug 17, 2026
MLS® 73564689
$330,000
Oct 1, 2025
MLS® 73428629
$314,900
Sep 25, 2025
MLS® 73428629
Listing Agent: The Coa Group
Listing Office: eXp Realty LLC
MLS® Number: 73564689