Two-Unit Residential Income
11 Oakland Avenue Methuen, MA 01844
11 Oakland Avenue, Methuen, MA, 01844
$575,000
For Sale
$575,000
Two occupied units offer a 3-bedroom and a 2-bedroom layout with off-street parking and a 2-car garage.
Property Size1,722 SF
Price / SF$333.91
Days on Market82
Property Features for 11 Oakland Avenue
General Information
- Standard status
- Active
- Size
- 1,722 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Berkshire Hathaway HomeServices Verani Realty
(603) 434-2377
Listed by
Jessica Couto · License #9588017
(603) 434-2377
Source
Compass
Added: May 1 Updated: Jul 21 at 3:05AM Checked: Jul 21 at 3:05AM
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
Investment Insights
Based on property information with market context.
This well-maintained two-unit residential income property includes one 3-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit. The two-story setup provides separation between the homes, and each unit offers a functional interior layout. Improvements include a brand new roof, and exterior amenities include a manageable yard, a 2-car garage, and additional off-street parking.
The property is located in Methuen with convenient access to RT 28, I-93, and I-495. It is also described as being close to Tuscan Village, The Loop, local restaurants, shopping, and everyday amenities.
Both units are currently occupied, offering potential for immediate rental income while still allowing flexibility for future use. The property is being sold as-is.
The property is located in Methuen with convenient access to RT 28, I-93, and I-495. It is also described as being close to Tuscan Village, The Loop, local restaurants, shopping, and everyday amenities.
Both units are currently occupied, offering potential for immediate rental income while still allowing flexibility for future use. The property is being sold as-is.
Key Highlights
- Back on market with a brand new shingle roof
- Multi‑family in Methuen with 2 occupied units: one 3‑bedroom/1‑bath and one 2‑bedroom/1‑bath
- Unfinished basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.4k | $25.20 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $41.4k | $24.07 |
| − OpEx | −$12.4k | −$7.22 |
| NOI | $29.0k | $16.85 |
1,722 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.4K
$362.6K – $483.5K
NOI $29,009 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$374.1K
$327.3K – $436.4K
NOI $26,185 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.02M
$892.0K – $1.19M
NOI $71,359 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two occupied units offer a 3-bedroom and a 2-bedroom layout with off-street parking and a 2-car garage.
Where is this duplex located?
The property is located at 11 Oakland Avenue Methuen, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Back on market with a brand new shingle roof; Multi‑family in Methuen with 2 occupied units: one 3‑bedroom/1‑bath and one 2‑bedroom/1‑bath; Unfinished basement
