Active
27 Days on market
2 Grove St Methuen — Photo 1 of 36

2 Grove St Methuen — Photo 1 of 36

$499,900

Investment Analysis — 2 Grove St

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 4.04% cap rate and $20,198/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,384

Style

Single Family

Built

1930

Offering modern updates and adaptable living space, 2 Grove Street in Methuen presents a well-maintained home designed to support a variety of living arrangements. The main level features an upgraded kitchen with contemporary finishes, comfortable living and dining areas, a bright primary bedroom with a spacious walk-in closet and abundant natural light, and a full bathroom serving both the main and upper levels. A dedicated laundry room located off the kitchen/dining area adds everyday convenience. The finished attic level has been configured into additional rooms suitable for bedroom or office use, providing valuable shared space, while a finished lower level with an additional bathroom enhances overall functionality. Off-street parking, a private outdoor area with deck, and a detached storage shed complete the offering. Conveniently located near major highways, shopping, and local amenities, this property delivers flexibility, and long-term value for owner-occupants or investors.Per seller Showings at open house ONLY.

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: 692 sq ft (the lesser of 900 sq ft or half the 1,384 sq ft principal dwelling). Lot size: 4,478 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

Original Price$499,900
Annual Taxes$5,064

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringHardwood, Stone / Slate
BasementPartially Finished, Concrete

Climate & Utilities

HeatingSteam, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRG

Property & Lot

Acres0.1
SqFt Lot4,478
Lot FeaturesCorner Lot, Easements

Amenities & Appliances

Water Heater • Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3
First
Living RoomPrimary BedroomBathroom 1
Basement
Bathroom 2
Main,First
Kitchen
Living Room
Lvl First

Bathroom - Full, Flooring - Hardwood

Kitchen
Lvl Main,First

Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded

Primary Bedroom
Lvl First
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl First

Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Basement

Bathroom - 3/4, Flooring - Stone/Ceramic Tile

Property History

Listed
$499,900

Aug 17, 2026

MLS® 73564671

Expired
$529,900

Jun 30, 2026

MLS® 73469063

Listed
$529,900

Jan 15, 2026

MLS® 73469063

Listing Provided By

Listing Agent: Seydyss Barreto

Listing Office: Keller Williams Realty

MLS® Number: 73564671