247 Hampstead St Methuen — Photo 1 of 41
$869,900
Investment Analysis — 247 Hampstead 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 1.96% cap rate and $17,022/yr in estimated NOI at the $869,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,512
Style
Single Family
Built
1994
Welcome to your own private oasis tucked away on a breathtaking 4.7-acre lot in Methuen. This meticulously renovated home seamlessly blends expansive natural beauty with sleek, modern luxury. Extensively upgraded from top to bottom, the property boasts a newer roof and siding, alongside a newly repaved, widened driveway, and added stone driveway.Step inside to an open, sun-drenched living space featuring massive custom windows designed to frame the serene, wooded views. The kitchen serves as the ultimate hub, outfitted with premium quartz countertops, a central island, a royally sized walk-in pantry, and a dedicated wine storage area. Cozy up by one of the two wood-burning stoves, equipped with high-quality triple-insulated vent pipes.The beautifully finished lower level expands your layout with flexible extra rooms and a state-of-the-art entertainment area. Transition effortlessly to outdoor living with the walk out lower level, and the massive front and back decks, with 8-person hot tub—perfect for entertaining against a peaceful backdrop of lush foliage. Don't miss this rare combination of ultimate privacy and turn-key living!
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 2,512 sq ft principal dwelling). Lot size: 209,088 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
Electric Water Heater
Geography
Listing Agent: Kimberly Osier
Listing Office: Century 21 North East
MLS® Number: 73565158