23 Days on market
40-44 Forest St Methuen — Photo 1 of 42

40-44 Forest St Methuen — Photo 1 of 42

$1,200,000

40-44 Forest St, Methuen, MA 01844

Methuen, MA 01844

Beds

11

Baths

5.5

SqFt

5,306

Style

5+ Family - 5+ Units Up/Down

Built

1890

PRIME METHUEN MULTIFAMILY INVESTMENT OPPORTUNITY! Discover this exceptional five-unit property ideally located near major highways, shopping, and everyday amenities. Each unit was thoughtfully renovated before tenant occupancy, featuring updated finishes, stainless steel appliances, and granite countertops. This property offers dedicated off-street parking lot for tenant convenience, while separately metered heat and electricity help support efficient ownership and operating expenses. A rare opportunity to acquire a well-positioned, income-producing asset in a desirable Methuen location. Buyer and Buyer's agent to conduct their own due diligence and verify all information associated with the property. Offer Deadline: Seller is asking for all offers by Monday 09/07/2026 by 3:00pm

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$226/sqft
Local Avg (Methuen)$329/sqft
31% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Methuen, MA.

Property Details

Financials

Original Price$1,200,000
Annual Taxes$11,241

Parking

Garage0
Off-Street13

Interior Specifications

Total Rooms23
FireplacesNone
FlooringWood, Hardwood
BasementWalk-Out Access

Climate & Utilities

HeatingHot Water, Natural Gas, Unit Control, Electric, Individual, Forced Air
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRD

Property & Lot

Acres0.53
SqFt Lot23,204
Lot Features--

Amenities & Appliances

Range • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access • House of Worship

Geography

Property History

Listed
$1,200,000

Aug 30, 2026

MLS® 73569939

Sold
$2,200

Jan 21, 2026

MLS® 73470499

Expired
$2,200

Dec 31, 2025

MLS® 73412549

Listed
$2,200

Aug 30, 2025

MLS® 73470499

Listed
$2,200

Aug 1, 2025

MLS® 73412549

Sold
$1,725

Apr 5, 2025

MLS® 73351541

Listed
$1,700

Mar 28, 2025

MLS® 73351541

Population

53,420

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$113K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

27.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Full Methuen, MA market report ZIP 01844 market data
Listing Provided By

Listing Agent: Pam Cail

Listing Office: Jill & Co. Realty Group

MLS® Number: 73569939

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