61 Thornton Ave Methuen — Photo 1 of 11
$494,900
Investment Analysis — 61 Thornton 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 4.17% cap rate and $20,655/yr in estimated NOI at the $494,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,020
Style
Single Family
Built
1905
Charming three-bedroom Colonial with an exciting BRAND-NEW KITCHEN! Beautifully updated and move-in ready, this home features a stunning new kitchen with stainless steel appliances, BRAND-NEW FLOORING throughout, and updated windows. The flexible first-floor layout offers the potential for a convenient primary bedroom, with easy access to the dining room and gorgeous new kitchen. Full of character and opportunity, this lovely home is nestled in a desirable Merrimack Valley location, close to local amenities, shopping, dining, and commuter routes. OPEN HOUSE: Sunday Sept 6th, 10am-Noon!
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: 510 sq ft (the lesser of 900 sq ft or half the 1,020 sq ft principal dwelling). Lot size: 22,476 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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Listing Agent: Blaise Coco
Listing Office: Berkshire Hathaway HomeServices Verani Realty Salem
MLS® Number: 73572111