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40 photos

$865,000

96-98 Elm Street

Methuen, MA 01844

Listed by Kristopher Gergler

Bedrooms

Bathrooms

Living area

3,384 sqft

Year built

1911

About this home

Opportunity awaits at this spacious three-family property situated on a half-acre lot in Methuen! Offering 3,384 sq. ft. of living space, 5 bedrooms, 3 full baths, and parking for 6 vehicles, this property presents an attractive opportunity for investors and owner-occupants alike. Significant recent improvements include replacement of 34 windows (2025), a new roof (Spring 2026), and new rear entry stairs and deck (Summer 2026). The expansive first-floor residence offers 6 rooms, 2 bedrooms, hardwood floors, charming original woodwork, and architectural details, providing an excellent opportunity to update and make it your own. The second-floor front unit features 4 rooms, 2 bedrooms, and substantial updates completed approximately four years ago, including a fully renovated bathroom, new flooring, appliances, and front deck. The second-floor rear unit offers 3 rooms, 1 bedroom, and a three-season porch. Both second-floor apartments are occupied by long-term tenants, with rents currently well below market rates, offering potential for increased rental income. Additional features include a full basement offering ample storage, paved driveway, and a spacious unfinished attic offering possibilities for future development, subject to substantial construction and necessary approvals. A property with space, character, and opportunity! Showings begin at the Open House.

Property details

MLS: MLS Property Information Network
MLS #: 73593622
Property type: 3 Family
Subdivision: N/A
Status: Active
Days on market: 12
On market date: October 21, 2026
Stories: 3
Total bathrooms: 3
Garage spaces: N/A
Parking spaces: 6
Lot size: 0.5 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary

Lawrence Family Public Academy

1.01 mi away · Grades -1-0

Nearest school -- attendance-zone data not available here

5.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 162
Student:teacher ratio: 11.6:1
District: Lawrence

Middle

Alexander B Bruce

0.99 mi away · Grades 3-8

Nearest school -- attendance-zone data not available here

5.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 451
Student:teacher ratio: 10.0:1
District: Lawrence

High

RISE Academy

1.02 mi away · Grades 9-12

Nearest school -- attendance-zone data not available here

5.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 79
Student:teacher ratio: 7.9:1
District: Lawrence

Walkability

Blended score for Methuen's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

Highly walkable

out of 100

EPA National Walkability Index

14.7 / 20 -- Above average walkable

Google Places amenity density

100 / 100

Restaurants & cafes20

Grocery stores7

Parks11

Schools12

Transit stops20

Pharmacies2

Market position

How this listing compares to current activity in Methuen, from live MLS data.

On the market 12 days -- 100 fewer days than Methuen's current average of 112 days.

For reference, the median list price across 252 active listings in Methuen right now is $572,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Home price$Down payment%Interest rate%Loan term

Adjust tax / insurance estimates

Property tax% / yrHome insurance$/mo

Est. monthly payment

$5,359/mo

$173,000 down

$692,000 loan

Principal & interest$4,488

Property tax (est.)$721

Home insurance (est.)$150

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Source: MLS PIN

Data source: Listing information provided by MLS Property Information Network. Last updated 11 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.