96-98 Elm St, Methuen, MA 01844

Description

Opportunity awaits at this spacious three-family property situated on a half-acre lot in Methuen! Offering 3,384 sq. ft. of living space, 5 bedrooms, 3 full baths, and parking for 6 vehicles, this property presents an attractive opportunity for investors and owner-occupants alike. Significant recent improvements include replacement of 34 windows (2025), a new roof (Spring 2026), and new rear entry stairs and deck (Summer 2026). The expansive first-floor residence offers 6 rooms, 2 bedrooms, hardwood floors, charming original woodwork, and architectural details, providing an excellent opportunity to update and make it your own. The second-floor front unit features 4 rooms, 2 bedrooms, and substantial updates completed approximately four years ago, including a fully renovated bathroom, new flooring, appliances, and front deck. The second-floor rear unit offers 3 rooms, 1 bedroom, and a three-season porch. Both second-floor apartments are occupied by long-term tenants, with rents currently well below market rates, offering potential for increased rental income. Additional features include a full basement offering ample storage, paved driveway, and a spacious unfinished attic offering possibilities for future development, subject to substantial construction and necessary approvals. A property with space, character, and opportunity! Showings begin at the Open House.