3-5 Swan Ave Methuen, MA 01844
For Sale
$739,000
Pending
Duplexes
Property Size2,344 SF
Days on Market112
Property Features for 3-5 Swan Ave
General Information
- Standard status
- Pending
- Size
- 2,344 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing Agency:
RE/MAX Innovative Properties
Listed By:
Lynne Farrington
Source:
Reishomesearch
Added: Apr 7
Changed: Jul 10
Last Checked: Jul 8 at 4:25AM
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
Investment Insights
Based on property information with market context.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
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
NOI $39,487 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$509.2K
$445.6K – $594.1K
NOI $35,644 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,135 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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
