
40 Phoebe St #101 Methuen — Photo 1 of 42
$825,000
Investment Analysis — 40 Phoebe St #101
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 1.20% cap rate and $9,920/yr in estimated NOI at the $825,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,654
Style
Condominium
Built
2021
Welcome to Preserve at Emerald Pines a Toll Brothers built community! This well maintained 3-bedroom model offers a first floor primary with an open-concept floor plan designed for everyday comfort and entertaining & an unfinished basement with full slider doors ready to put your design on it. The updated white kitchen features stainless steel appliances, granite countertops, and a spacious peninsula overlooking the sun-filled living and dining area with soaring ceilings. The maintenance-free balcony provides the perfect place to enjoy your morning coffee or unwind at the end of the day. The oversized primary suite offers a spacious closet, linen closet, and private en-suite bath, while the generously sized second bedroom is ideal for guests, a home office, or hobby room with a full guest bath nearby. Additional highlights include in-unit laundry and central air. Residents enjoy exceptional amenities including an in-ground pool, pickleball and bocce courts, a beautifully appointed club room, community garden, and a vibrant calendar of social events and gatherings. Conveniently located near Tuscan Village, offering an exceptional mix of shopping, dining, entertainment, and seasonal events, with easy access to major highways and everyday conveniences.
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 MLS and other third-party data may be inaccurate or out of date.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
Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Walk/Jog Trails • Golf • Medical Facility
Geography
Property History
$825,000
Aug 4, 2026
MLS® 73558694
$799,900
Jul 17, 2026
MLS® 73475780
$799,900
Feb 10, 2026
MLS® 73475780
Listing Agent: The Movement Group
Listing Office: Compass
MLS® Number: 73558694