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Methuen Town 01844
220 Pelham St
Photo of 220 Pelham St
Sold on Feb 4, 2026

19

Map

Photo of 220 Pelham St
Photo of 220 Pelham St
$565,000
● House - Off Market

220 Pelham St

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,829 Ft²
$3,148
Est. Monthly

About This Property

BACK ON THE MARKET!!  This inviting 4-bedroom Cape, two bedrooms upstairs and two down, with freshly painted exterior, beautifully landscaped and a 2-car garage. The kitchen features updated cabinetry and newer stainless-steel appliances. The full bath, half bath, and spacious second-floor bedroom have all been completely renovated. Hardwood floors flow through most of the home, cedar closets in 3 bedrooms. A newer furnace ensures it's move-in ready with minimal upkeep for years ahead. Solar panels, with a small monthly fee, is made up by the lower electric bill. On the market for the first time in over 40 years, with a quick close possible. Photos were taken before the remodel was fully complete Come see it in person. Some updates weren't  fully finished when pictures were taken.
Unit Size
1,829 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$306
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1949

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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: 9 months ago (MLSPIN #73454858)

Price History

Date / Event Date Event Price
Feb 4, 2026 Sold
Premium
Sold
Dec 28, 2025 In contract -
In contract
Dec 24, 2025 Relisted $560,000
Relisted
Dec 11, 2025 In contract -
In contract
Dec 8, 2025 Price Decreased $560,000
↓ $25K (4.3%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 987
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,502
  • Total Building Area: 1,829
  • Gross Building Area: 3,972
  • Building Area: 1,829
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,829
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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: 252201

Zoning

  • Zoning: RD

Geography

  • Account Number: 9885
  • Parcel: METH M:00412 B:00132 L:00122
  • Block: 132
  • Lot: 122
  • Municipality: METHUEN
  • Latitude: 42.7288
  • Longitude: -71.2178

    Address

  • Full Address: 220 Pelham St
  • Address - House Number: 220
  • Address - Street Name: Pelham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1456
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $446,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 512,378
  • High Value: 593,310
  • Low Value: 431,445

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $381,300
  • Assessed Land Value: $159,500
  • Assessed Improvements Value: $221,800

    Sales

  • Current Sale Recording Date: Sep 14, 2006
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 31381
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

52

Average Home Size

2150 ft²

Average Home Age

54.9 years

Currently For Sale

74 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

Unit for rent at 58 Brady, Salem, 03079

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 9 months ago
Data Source: MLS PIN, MLS# 73454858

Frequently Asked Questions

When was property at 220 Pelham Street built and last sold?
The property at 220 Pelham Street was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 220 Pelham Street is $0.
What are some comparable homes to 220 Pelham Street?
There are currently no comparable homes to 220 Pelham Street.
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