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Well-Maintained Two-Family Home

3-5 Swan Ave, Methuen, MA 01844

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Pending

$739,000

MULTI_FAMILY - Methuen, MA

Property size:

2,344 SF

Lot size:

0.12 Acres

HighLights

2‑family home built in 1910 with each unit featuring 2 bedrooms and 1 full bath
Renovated first‑floor unit with hardwood floors, plus living room and dining room with built‑in china cabinets
Each unit includes an eat‑in kitchen, butler pantry, appliances included, and an enclosed front porch
Full basement with washer/dryer hookups for tenants, plus storage and separate utilities
Off‑street parking for 3–4 cars and fenced‑in backyard
3rd‑floor walk‑up level is unfinished and includes potential for a third income unit with proper permits

We can help!

Listing Contact

Joshua Naughton

Pending

$739,000

MULTI_FAMILY - Methuen, MA

Property size:

2,344 SF

Lot size:

0.12 Acres

Added:: Apr 22, 2026
Days on Market:: 52
Last Refresh:: Jun 12 at 1:06 am

Property Features for 3-5 Swan Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: two family
Bedrooms: 4
Bathrooms: 2
Rooms: Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
Parking: 4
Standard status: Pending
APN: 2047728
Size: 2,344 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 6859

Building Details

Year built: 1910
Floors in Building: 2
Number of units: 2

We can help!

Listing Contact

Joshua Naughton

Listing agent Joshua Naughton License #57445

Listing office RE/MAX Innovative Properties 22 Haverhill Road, Londonderry, MA

Listing date Apr 22, 2026

MLS# 73505178 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

2‑family home built in 1910 with each unit featuring 2 bedrooms and 1 full bath
Renovated first‑floor unit with hardwood floors, plus living room and dining room with built‑in china cabinets
Each unit includes an eat‑in kitchen, butler pantry, appliances included, and an enclosed front porch
Full basement with washer/dryer hookups for tenants, plus storage and separate utilities
Off‑street parking for 3–4 cars and fenced‑in backyard
3rd‑floor walk‑up level is unfinished and includes potential for a third income unit with proper permits

Overview

This two-family home presents a notable opportunity. The property, family-owned for 50 years, showcases pride of ownership both inside and out. The first-floor unit is move-in ready, featuring a renovated interior that blends original and modern elements, including hardwood floors. Each unit comprises 2 bedrooms, a full bath, a living room, a dining room with built-in china cabinets, an eat-in kitchen, and a butler pantry. Appliances are included. Each unit also features a spacious enclosed front porch suitable for enjoying seasonal weather. The property includes a fenced-in backyard. Off-street parking accommodates 3-4 cars. An unfinished third-floor walk-up offers potential for a third income unit, subject to permits. The full basement includes washer/dryer hookups for tenants, storage space, and separate utilities. The property is located in close proximity to a MEVA bus stop, schools, hospitals, and shopping. The lot size is 0.1188 acres. The property size is 2344 square feet. The zoning is two family.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Methuen
County: Essex
State: Massachusetts
Longitude: -71.152834
Latitude: 42.724505

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For sale
Duplexes
MA
Methuen
01844
3-5 Swan Ave

What type of property is this?

Duplex - Two-family home with renovated unit, spacious porches, and potential.

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: 2‑family home built in 1910 with each unit featuring 2 bedrooms and 1 full bath; Renovated first‑floor unit with hardwood floors, plus living room and dining room with built‑in china cabinets; Each unit includes an eat‑in kitchen, butler pantry, appliances included, and an enclosed front porch

3-5 Swan Ave, Methuen, MA 01844

MULTI_FAMILY - Methuen, MA

Property Features for 3-5 Swan Ave

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Multi-Family Investment Opportunity

Turnkey Two-Family Home

Spacious Multifamily Residence, Methuen

Established Auto Body Repair Shop

Turnkey Auto Body Repair Shop

Auto Body Repair Shop with Real Estate

Turnkey Auto Body Facility

Methuen Multi-Family Investment Opportunity

Renovated Commercial Asset with Businesses

Professional Office/Medical Condo Shell

Shell Condition Professional/Medical Condo

Shell Condition Office/Medical Condo

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