
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstBathroom - Full, Flooring - Hardwood
Kitchen
Lvl Main,FirstDining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded
Primary Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstBathroom - Full, Closet, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl BasementBathroom - 3/4, Flooring - Stone/Ceramic Tile
Property History
$499,900
Aug 17, 2026
MLS® 73564671
$529,900
Jun 30, 2026
MLS® 73469063
$529,900
Jan 15, 2026
MLS® 73469063
Listing Agent: Seydyss Barreto
Listing Office: Keller Williams Realty
MLS® Number: 73564671