18-20 Chelmsford St, Methuen, MA 01844

$725,000

6 beds 5 baths 99,999 sqft Built 198541 days on marketActive

About this home

Investment Opportunity: 18-20 Chelmsford is a lucrative 2-family property that generates strong rental income and low expenses. The property features 2 townhouse style homes with spacious floorplans, finished basements and off-street parking currently being used as 4 spaces. The apartments have been recently renovated with stainless steel appliances and are separately metered making it ideal for investors seeking consistent returns.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment

$12,139/mo

Real estate (PITI + HOA + PMI): $10,290
Utilities: $3,790
Transportation: $122
Other (entertainment): $158

Your monthly budget

Budget$12,639/mo

Remaining after TLC$500/mo

Purchase price

$725,000

Down payment

$36,250 (5%)

Loan amount

$688,750

APR

7.2%

Quick facts

Type

2 Family - 2 Units Side by Side

Style

—

Year built

1985

Lot size

0.15 ac

Stories

Heating

—

Cooling

—

Water

Public

HOA

—

Annual tax

$5,583

MLS #

73221206

County

Essex

Home features

Community

Public TransportationParkMedical FacilityLaundromatHighway AccessHouse of WorshipPublic School

Parking

Paved DriveOff Street

Sewer

Public Sewer

Neighborhood — 01844

Metric	This ZIP	County	USA
Population	45,140	6,444,931	299,088,112
Population Change Since1990	14.00%	7.00%	20.00%
Population Density	1,970	786	—
Male	21,872	3,127,134	147,432,321
Female	23,268	3,317,797	151,655,844
Never Married	9,539	1,612,885	63,775,926
Married	18,923	2,586,314	123,120,365
Separated	1,347	247,857	12,639,686
Widowed	3,157	363,594	15,467,586
Divorced	3,117	436,888	23,075,029
Number Of House Hold	16,949	2,431,591	111,826,380
Average House Hold Size	2.64	2.56	2.60
Medial Age	36.99	37.25	35.46
Median House Hold Income	$54,208	$57,698	$48,276
Average House Hold Income	$63,574	$75,023	$63,629
P C I	$24,206	$29,196	$24,529
M D I	$45,554	$48,105	$41,133
A T H E	$51,409	$57,083	$50,898
S T R	5.00%	5.00%	—
W C J	80.05%	81.38%	77.74%

(Zip) Code

1844

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Walk Score

See walkability, transit, and bike scores for 18-20 Chelmsford St, Methuen, MA 01844 on walkscore.com →

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Listing information last refreshed 4/8/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.