$999,900

15-151/2 Central St Methuen, MA 01844

$10,000
Closing credit¹
7 beds
5 full
4,074 sqft
0.3 acres
$245 / sqft
Multi-Family

Property details

About 15-151/2 Central St

Well-maintained four-unit multifamily investment property in the heart of Methuen. This asset offers a mix of (1) 4-bedroom/2-bathroom townhouse unit and (3) 1-bedroom/1-bathroom units, totaling 4,074 square feet of living space on a 0.27-acre parcel. Recent property improvements, including a newer roof, windows, insulation, water heater tank, and boiler, enhance long-term value and minimize maintenance costs. Additional amenities such as off-street parking, a garage, and backyard space. Located in a high-demand residential neighborhood, the property provides seamless access to major highways (Routes 93 & 213), downtown Methuen, and is just minutes from the New Hampshire state line. Current rental rates are below market, presenting an opportunity to enhance revenue by aligning rents with market levels.

Highlights

Home typeMulti Family
HeatingOil
StatusActive
(New)
CoolingOther
Size4,074 sqft
BasementYes
Lot size0.27 Acres
Year built1900
ParkingOff Street
MLS #73336807
Garage1 space

Summary

  • MLS Number: 73336807
  • MLS Name: MLS Property Information Network
  • Office Name: Alvarez Real Estate Group LLC
  • Office Phone: (617) 329-9493
  • Listing Agent: Michael Alvarez

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:55:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property

$999,900

15-151/2 Central St

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

2

Community Day Arlington Elementary School

Public District KG-4

1.0 mi

150 Arlington St

4

Tarbox Elementary School

Public District 1-5

1.1 mi

59 Alder St

2

Leahy Elementary School

Public District 1-5

1.6 mi

100 Erving Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $46,438. Most Methuen, MA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

27%
<35k
58%
35k-100k
13%
100k-200k
2%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

56%
Single, No Kids
12%
Single, with Kids
17%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
41%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Continuing Education CoursesContinuing Education Courses
  • Pro BoxingPro Boxing
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • BurlingtonBurlington
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • QdobaQdoba
  • PopeyesPopeyes
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • VolkswagenVolkswagen
  • DodgeDodge
  • BuickBuick

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Contemporary InspirationalContemporary Inspirational
  • RockRock
All data provided by Home Junction and Claritas

Frequently asked questions

Living in Methuen, MA

About 15-151/2 Central St

This home is located at 15-151/2 Central St in Methuen, MA and zip code 01844. This 4,074 square foot home, which was built in 1900, sits on a 0.27 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 20, 2025 and is currently priced at $999,900.

In January 2025, from all listings sold in Methuen, MA there were more than 14 sold above asking price, over 8 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Methuen, MA decreased by 25.8% between December and January 2025. In January 2025, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $576,666.

From Rocket Homes Real Estate and based on county public records data.

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