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    3-5 Swan Ave, Methuen, MA 01844

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    For Sale
    $739,000

    Duplexes

    Type:Multi-Family
    Property size:
    2,344 SF
    Price / SF:
    $315/SF
    Added:
    Apr 22, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 22 at 11:56 am

    Property Features for 3-5 Swan Ave

    General Information

    Standard status
    Active
    Size
    2,344 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1910

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    Listing Contact
    Lynne Farrington

    Listing agent Lynne Farrington

    Listing office RE/MAX Innovative Properties

    Listing date Apr 22, 2026

    Source Reishomesearch

    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 RE/MAX Innovative Properties

    HighLights

    • Great Location on Major Hwy
    • Rustic and Ready
    • Various types of businesses will fit
    • Over 2 Acres
    • Fully furnished with equipment, tables, chairs etc.
    • Turn Key Operations

    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 $59.1k $25.20
    − Vacancy −$2.7k −$1.13
    EGI $56.4k $24.07
    − OpEx −$16.9k −$7.22
    NOI $39.5k $16.85
    2,344 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $564.1K
    $493.6K – $658.1K (±1% cap)
    NOI $39,487 @ 7.0% cap · market cap 5.34%
    Second Best
    Apartment 5plus
    $509.2K
    $445.6K – $594.1K (±1% cap)
    NOI $35,644 @ 7.0% cap · market cap 4.82%
    Theoretical Best
    Office A
    $1.39M
    $1.21M – $1.62M (±1% cap)
    NOI $97,135 @ 7.0% cap · market cap 13.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1528009
    Latitude
    42.7244923

    FAQs

    Where is this duplex located?
    The property is located at 3-5 Swan Ave Methuen, MA.
    What is the asking price?
    The asking price for this property is $739,000.
    What are key features of this property?
    This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
    More about this property
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