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Methuen Town 01844
48 Milk St
Photo of 48 Milk St
Sold on Oct 30, 2025

25

Map

Photo of 48 Milk St
Photo of 48 Milk St
$520,000
● House - Off Market

48 Milk St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,902 Ft²
$2,773
Est. Monthly
7.01%
Cap Rate

About This Property

Newly renovated 3 levels of living space in sought after area. Close to malls and the Loop and many restaurants. First floor consists of dining room, kitchen, family room and 3/4 bath. Second floor has 3 bedrooms with full bath. 3rd floor can be used as 4th bedroom or game room. Washer dryer hookups in basement. Upgrades include new Vinyl siding, roof, windows, flooring, all new interior painting, 200 AMP electric, mini splits for air conditioning  Six car off street parking, recessed lighting, New stainless stove and dishwasher. Used refrigerator. Back yard is asphalt. Zero maintenance.
Unit Size
2,902 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$169
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1924

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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: 12 months ago (MLSPIN #73430153)

Price History

Date / Event Date Event Price
Oct 30, 2025 Sold
Premium
Sold
Sep 15, 2025 In contract -
In contract
Sep 12, 2025 Listed by Hart Of New England Realty $489,900
Listed by Hart Of New England Realty
Nov 2, 2024 Temporarily off market -
Temporarily off market
Nov 28, 2023 In contract -
In contract
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 621
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,151
  • Total Building Area: 1,340
  • Gross Building Area: 2,902
  • Building Area: 1,340
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,340
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000095
  • 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: 7455
  • Parcel: METH M:00912 B:00085 L:00007
  • Block: 85
  • Lot: 7
  • Municipality: METHUEN
  • Latitude: 42.7309
  • Longitude: -71.1569

    Address

  • Full Address: 48 Milk St
  • Address - House Number: 48
  • Address - Street Name: Milk
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 5145
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $410,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0798
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 94
  • Final Value: 482,444
  • High Value: 520,952
  • Low Value: 443,936

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $350,500
  • Assessed Land Value: $154,000
  • Assessed Improvements Value: $196,500

    Sales

  • Current Sale Recording Date: Jul 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 17591
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

2192 ft²

Average Home Age

58.5 years

Currently For Sale

75 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: 12 months ago
Data Source: MLS PIN, MLS# 73430153

Frequently Asked Questions

When was property at 48 Milk Street built and last sold?
The property at 48 Milk Street was built in 1924 and last sold on Jan 1, 1970 for $150,000.
How much is this home worth?
The estimated value of the home located at 48 Milk Street is $0.
What are some comparable homes to 48 Milk Street?
There are currently no comparable homes to 48 Milk Street.
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