54 Methuen Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 9, 2026 | Sold | ||
| Sold | |||
| Jan 31, 2026 | In contract | - | |
| In contract | |||
| Jan 25, 2026 | Relisted | $484,900 | |
| Relisted | |||
| Jan 20, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Listed by Keller Williams Realty | $649,900 | |
| Listed by Keller Williams Realty | |||
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Welcome to 54 Methuen Road in Dracut, a beautifully designed split-level home offering modern comfort, flexible living, and exceptional outdoor space on a rare 1.3-acre lot. The main level features a bright, open floorplan with hardwood floors throughout, stainless steel appliances, and central air perfect for everyday living and entertaining. Three spacious bedrooms and a full bath complete the upper level. The lower level offers incredible versatility with a large family room featuring an electric fireplace, an additional bedroom, and a full bathroom for guests, extended family, or home office needs. This level presents excellent ADU potential for buyers seeking future flexibility or income opportunity. Outdoor living shines with a deck off the dining room, plus a private backyard complete with a patio and firepit area that is ideal for relaxing or entertaining. Enjoy privacy, space, and endless possibilities both inside and out. Offer Deadline 1/20 at 12:00pm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017