Two-Unit Duplex with
35-37 Buco Ave, Methuen, MA 01844
For Sale
$849,900
Pending
Separate utilities, fireplaces, and updated kitchens and baths serve the two residences.
Property Size2,450 SF
Days on Market35
Property Features for 35-37 Buco Ave
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Amenities
fireplace
enclosed porch
hardwood floors
Building Details
Year Built
Buildings
Construction
Listing Agency:
Century 21 North East
(781) 395-2121
Listed By:
Michael Hayes
(617) 510-7284
Source:
Dohertyproperties
Added: Oct 6
Changed: Nov 7
Last Checked: Nov 8 at 5:00AM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
Built in 1954, this brick duplex in Methuen contains two residences with separate utilities. Both have fireplaces, and the property includes garages beneath the units and driveway parking. Improvements include updated kitchens, bathrooms, windows, and gas heating systems, along with interior paint and refinished hardwood flooring; some new hardwood flooring has also been installed.
The left-side residence, Unit 37, spans two levels and includes an enclosed porch opening toward the yard, plus a walkout entrance from the lower level. The right-side residence, Unit 35, has two bedrooms and hardwood floors. Both units have de-lead certificates.
The left-side residence, Unit 37, spans two levels and includes an enclosed porch opening toward the yard, plus a walkout entrance from the lower level. The right-side residence, Unit 35, has two bedrooms and hardwood floors. Both units have de-lead certificates.
Key Highlights
- Two‑unit brick duplex built in 1954
- Garages beneath both units and additional driveway parking
- Unit 37 has two levels, a fireplace, an enclosed porch, and a lower‑level walkout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,273
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,460
$825.5K
Cap Rate 7%
$589,614
$589.6K
Cap Rate 9%
$458,589
$458.6K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$61.7K $25.20/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$59.0K $24.07/SF
− OpEx
−$17.7K −$7.22/SF
NOI
$41.3K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,460
Cap Rate 7%
$589,614
Cap Rate 9%
$458,589
Alternative Uses
Best Use
Multifamily LT 5
$589.6K
$515.9K – $687.9K
NOI $41,273 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,527 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
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
$471,900
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Essex County, MA
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, fireplaces, and updated kitchens and baths serve the two residences.
Where is this duplex located?
The property is located at 35-37 Buco Ave Methuen, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1954; Garages beneath both units and additional driveway parking; Unit 37 has two levels, a fireplace, an enclosed porch, and a lower‑level walkout
