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INVESTMENT SNAPSHOT
About this property
NEW PRICE + $20,000 SELLER CREDIT WITH AN ACCEPTABLE OFFER! A rare opportunity to own one of Methuen’s most distinctive and spacious multi-family properties. This impressive three-unit residence offers over 5,300 sq. ft. of living space, beautiful architectural character, generous room sizes, multiple fireplaces, stained glass details, updated systems, and exceptional flexibility for an owner-occupant, investor, or multi-generational living arrangement. The current owner has completed extensive improvements and upgrades throughout the property, preserving its historic character while enhancing functionality, comfort, and long-term value. The expansive primary residence offers the feel of a substantial single-family home while the additional units provide valuable rental income potential.Seller is offering up to a $20,000 credit with an acceptable offer, which may be used toward exterior painting and finishing, closing costs, an interest-rate buy down, or other allowable buyer expenses.Seller resides out of state and prefers a simple, streamlined as-is transaction. Buyers are encouraged to conduct inspections for informational purposes.This is a unique opportunity to own a property with size, character, income potential, and flexibility that is difficult to replicate in today’s market.
Property details
| Units | 3 |
| Living area | 5,386 sqft |
| Lot size | 10,001 sqft |
| Year built | 1915 |
| Price / sqft | $218 |
| County | Essex |
| MLS # | 73517102 |
Listing status
| Days on market | 114 days |
| Listed on | May 21, 2026 |
Taxes & financials
| Annual property tax | $10,266 |
| Tax year | 2025 |
| Assessed value | $970,300 |
| Zoning | RC |
| Gross income (actual) | $82,800/yr |
| Net operating income (actual) | $57,633/yr |
| Total actual rent | $6,900/mo |
| Insurance expense | $3,936/yr |
Building & lot
| Stories | 4 |
| Total rooms | 16 |
| Lot size | 0.23 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Bulkhead, Concrete |
| Foundation | Stone |
| Roof | Slate |
| Construction | Frame |
| Flooring | Wood, Tile, Hardwood |
Utilities & systems
| Heating | Steam, Natural Gas, Ductless, Central, Forced Air, Electric, Unit Control |
| Cooling | Ductless, Central Air, Unit Control |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Disposal, Microwave, Refrigerator |
Location
More about investing in Methuen →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 16 Quincy St, Methuen MA 01844 have?
It is a 3-unit multi-family property with 5,386 sqft of living area, built in 1915.
How long has 16 Quincy St, Methuen MA 01844 been on the market?
16 Quincy St, Methuen MA 01844 has been listed for 114 days (since May 21, 2026).
What is the estimated cap rate on this 3-family in Methuen?
Based on area median rents, the estimated cap rate is about 3.2%, with a Signal Score of 62/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,175,000 across 3 units, that works out to roughly $391,667 per unit.
What are the property taxes on 16 Quincy St, Methuen MA 01844?
Annual property taxes are $10,266 (2025), on an assessed value of $970,300.
What is the price per square foot?
At $1,175,000 for 5,386 sqft, that's about $218 per square foot.
Is there parking?
4 total parking spaces (paved drive, off street, paved).
Where is this property located?
16 Quincy St, Methuen MA 01844 is in Methuen, Essex County, MA 01844.
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