Exceptional investment opportunity in Manchester's highly desirable North End. This spacious 4-unit property offers 4,726 square feet of living space and an attractive unit mix consisting of one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. The 1-bedroom units offers potential for a second bedroom with the addition of a closet. This one bedroom unit with separate utilities will be vacant as of July 1st. Owner is intentionally not renting the unit to provide an owner occupant a place to be.
The property generates approximately $71,400 in annual rental income and features vinyl siding, a newer architectural shingle roof with portions of slate roofing, and four off-street parking spaces. Situated on a corner lot with rear alley access, the property offers convenience and strong tenant appeal.
Three units are heated by a central boiler system, while one unit has separate heat and hot water paid by the tenant. Kitchens and baths are in good functional condition with older cabinetry and countertops.
Located just minutes from downtown, schools, hospitals, shopping, restaurants, Currier Museum, and major commuter routes, this North End Multi-Unit offers strong income potential and long-term investment value. Property does require deferred maintenance, including porch repairs and future heating system improvements, creating an excellent opportunity for investors seeking to add value and increase future returns. Additional finished area on the second floor with possible expansion from the unit below with spiral staircase, currently unheated.
Whether you're expanding your portfolio or seeking a quality Multi-Unit property in one of Manchester's most desirable neighborhoods, this property offers location, size, and income potential rarely found in today's market.
Listing Courtesy of PrimeMLS / Listed By: Ron Butler, Century 21 North East
$680,000 (USD)
Buswell Acres Area Single Family Home
Active
12 Houston Ave Methuen, MA 01844
3 Bed
1.5 Baths
2145 sqft
MLS# 73570679
Welcome to 12 Houston Avenue, a distinctive Central Methuen Colonial that has been lovingly maintained by only three owners since it was built. Offering approximately 2,145 square feet of living space, this charming 3-bedroom, 2-bath home with a 2-car garage combines the character and craftsmanship of an older home with the exceptional care that comes from generations of prideful ownership. The handsome brick exterior provides timeless curb appeal, durability, and a character rarely found in today's homes. The property has a 12,681 sq ft lot of land with irrigation and is graced by a magnificent mature tree believed to be more than 300 years old—a remarkable living piece of history that adds an extraordinary sense of place. One can only imagine what this tree has witnessed over the centuries; perhaps Paul Revere himself could have passed beneath its branches. Inside, the home has been exceptionally well cared for over the past 60 years, reflecting the pride and stewardship of its longtime owners. Generous living spaces, classic architectural character, and a warm established feel make this a home with a story to tell—and an opportunity to become only its fourth owner. Conveniently located near shopping, restaurants, parks, public transportation, and major routes including I-93 and I-495, this property offers the best of both worlds: a peaceful residential setting with everyday conveniences close at hand. A special home, a remarkable tree, and a history of exceptional care—12 Houston Avenue is a rare opportunity to own a piece of Central Methuen's character and charm.
Listing Courtesy of MLS PIN / Listed By: Ron Butler, Century 21 North East
The property generates approximately $71,400 in annual rental income and features vinyl siding, a newer architectural shingle roof with portions of slate roofing, and four off-street parking spaces. Situated on a corner lot with rear alley access, the property offers convenience and strong tenant appeal.
Three units are heated by a central boiler system, while one unit has separate heat and hot water paid by the tenant. Kitchens and baths are in good functional condition with older cabinetry and countertops.
Located just minutes from downtown, schools, hospitals, shopping, restaurants, Currier Museum, and major commuter routes, this North End Multi-Unit offers strong income potential and long-term investment value. Property does require deferred maintenance, including porch repairs and future heating system improvements, creating an excellent opportunity for investors seeking to add value and increase future returns. Additional finished area on the second floor with possible expansion from the unit below with spiral staircase, currently unheated.
Whether you're expanding your portfolio or seeking a quality Multi-Unit property in one of Manchester's most desirable neighborhoods, this property offers location, size, and income potential rarely found in today's market.