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Methuen Town 01844
115 Pleasant Street
Photo of 115 Pleasant Street
Sold on Jul 20, 2026

5

Map

Photo of 115 Pleasant Street
Photo of 115 Pleasant Street
$350,000
● House - Off Market

115 Pleasant Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,843 Ft²
$2,749
Est. Monthly

About This Property

Prime opportunity with nearly one acre of land located in the BL Limited Business District. This zoning designation supports a variety of uses, including offices, small-scale retail, general business operations, research and development laboratories, and light assembly.The property also offers strong residential potential, with attached dwellings, multi-family developments, and Planned Unit Developments (PUDs) permitted by special approval.Whether you're looking to develop for business, residential, or a mixed-use concept, this versatile parcel provides excellent flexibility and investment potential in a desirable location.
Unit Size
1,843 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$258
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1857

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73513664)

Price History

Date / Event Date Event Price
Jul 20, 2026 Sold
Premium
Sold
Jun 29, 2026 In contract -
In contract
May 26, 2026 Price Decreased $474,618
↓ $100K (17.4%)
Price Decreased
May 6, 2026 Listed by Connie Doto Realty Group $574,618
Listed by Connie Doto Realty Group

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1857
  • Effective Year Built: 1857
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,371
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,969
  • Total Building Area: 1,843
  • Gross Building Area: 3,947
  • Building Area: 1,843
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,843
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000849
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252502

Zoning

  • Zoning: BL

Geography

  • Account Number: 6859
  • Parcel: METH M:00812 B:00041 L:00096
  • Block: 41
  • Lot: 96
  • Municipality: METHUEN
  • Latitude: 42.7398
  • Longitude: -71.1695

    Address

  • Full Address: 115 Pleasant St
  • Address - House Number: 115
  • Address - Street Name: Pleasant
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 7131
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $473,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2132
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 546,064
  • High Value: 662,518
  • Low Value: 429,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $404,300
  • Assessed Land Value: $213,300
  • Assessed Improvements Value: $191,000
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Methuen Town

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$327

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2195 ft²

Average Home Age

58.9 years

Currently For Sale

70 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73513664

Frequently Asked Questions

When was property at 115 Pleasant Street built and last sold?
The property at 115 Pleasant Street was built in 1857 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 115 Pleasant Street is $486,989.
What are some comparable homes to 115 Pleasant Street?
There are currently no comparable homes to 115 Pleasant Street.
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