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Mixed-Use Property with Commercial Space
For Sale
Contact for pricing
Pending

1 Pelham St, Methuen, MA 01844

Two residential units and two commercial spaces occupy a building with expansion space, basement access, and on-site parking.

Property SizeContact for details
Days on Market143

Property Features for 1 Pelham St

General Information

Standard status Pending
Property subtype Multifamily, Mixed Use

Additional Details

Highway Access Yes

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Berkshire Hathaway HomeServices Verani Realty Londonderry
Listed By: Raul Ortega · License #MA
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 9:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Verani Realty Londonderry

Investment Insights

Based on property information with market context.

This mixed-use property includes two residential units alongside two commercial spaces. The first residential unit is configured as 5/3/2 with room for a fourth bedroom, while the second is listed as 5/3/1. An unfinished attic provides additional expansion area, and the property also includes a full walkout basement, fencing, and ample parking.

The vacant commercial space on the right includes electric heat, commercial cooking vents, a grease trap, and fire-prevention equipment. The left-side commercial space is configured as a barbershop with air conditioning and central heat. Both commercial areas connect to the full basement. The property is within minutes of Route 93 and Salem, New Hampshire, and is near downtown, Methuen High, and Marsh School.

Key Highlights

  • Two residential units and two commercial spaces in one mixed‑use property
  • First unit listed as 5/3/2 with potential for a fourth bedroom
  • Second residential unit listed as 5/3/1

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Hotel & Motel Catering Service Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

784
Businesses Nearby

Demographics for 01844, MA

52,970
Population
19,496
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
2,397
Density / Sq Mi
$103,292
Median Household Income
$52,176
Median Earnings
$1,610
Median Rent
$471,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two residential units and two commercial spaces occupy a building with expansion space, basement access, and on-site parking.
Where is this mixed-use property located?
The property is located at 1 Pelham St Methuen, MA.
What are key features of this property?
This property features: Two residential units and two commercial spaces in one mixed‑use property; First unit listed as 5/3/2 with potential for a fourth bedroom; Second residential unit listed as 5/3/1
More about this property
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