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Methuen Town 01844
2-4 Albion
$450,000
● Multifamily - Off Market

2-4 Albion

Methuen, MA 01844
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,882 Ft²
$712,178
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

Awesome opportunity to live in a great single family neighborhood, with the ability to collect rental income from the other side... This sought after neighborhood offers convenience to major shopping centers, highways , hospitals and schools.  This side by side duplex offers hardwood floors in almost all the rooms.This older home offers 3 large bedrooms on 1 side and 4 bedrooms on the other. Old home character and oversized rooms offers a comfortable living environment.The two stall garage and parking for 4 additional parking spaces is a great feature, but the newer gas heating systems, and hot water heaters provides the warmth and comfort you desire.  Vacant unit is easy to show, and tenanted unit showings available on 2nd visit...... a rare opportunity offering location and size
Unit Size
2,882 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$160
Property Type
Multifamily
Property Taxes
$350
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #72279351)

Price History

Date / Event Date Event Price
Mar 23, 2018 Sold
Premium
Sold
Feb 8, 2018 Listed by The Guselli Agency, Inc. $459,900
Listed by The Guselli Agency, Inc.
Mar 2, 2016 Sold
Premium
Sold
Mar 29, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,050
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,314
  • Total Building Area: 1,290
  • Gross Building Area: 2,352
  • Building Area: 1,290
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,290
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000168
  • 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: RC

Geography

  • Account Number: 9382
  • Parcel: METH M:00814 B:00084 L:00008
  • Block: 84
  • Lot: 8
  • Municipality: METHUEN
  • Latitude: 42.7312
  • Longitude: -71.1597

    Address

  • Full Address: 24 Albion St
  • Address - House Number: 24
  • Address - Street Name: Albion
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 5155
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $420,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 456,356
  • High Value: 538,383
  • Low Value: 374,329

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $359,000
  • Assessed Land Value: $161,600
  • Assessed Improvements Value: $197,400

    Sales

  • Current Sale Recording Date: Mar 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4973
  • Previous Sale Recording Date: Mar 29, 1995
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 27
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

2229 ft²

Average Home Age

57.6 years

Currently For Sale

66 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: 6 months ago
Data Source: MLS PIN, MLS# 72279351

Frequently Asked Questions

When was property at 24 Albion Street built and last sold?
The property at 24 Albion Street was built in 1954 and last sold on Jan 1, 1970 for $230,000.
How much is this home worth?
The estimated value of the home located at 24 Albion Street is $467,160.
What are some comparable homes to 24 Albion Street?
There are currently no comparable homes to 24 Albion Street.
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