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INVESTMENT SNAPSHOT
About this property
*** 2 HOMES ON 1 LOT!!!**** An absolute rare gem in West Methuen! This exceptional property offers a once-in-a-lifetime opportunity to own a true family compound featuring two completely detached single-family homes on a massive, gorgeously fenced lot complete with a sparkling inground pool. Perfect for those seeking unmatched flexibility beyond a traditional in-law setup, the main home is a stunning 1,700 sq ft Colonial that underwent an extensive studs-out renovation in 2021. Inside, you will find rich hardwood floors throughout, elegant granite countertops in the kitchen and baths, modern mini-split heating and cooling, and all-new windows installed in 2022. Just steps away, the sprawling 1,542 sq ft rear Ranch boasts its own hardwood floors, efficient FHA by gas heating, and a massive new deck perfect for quiet mornings or lively weekend BBQs. Prime location just minutes from rt 93, great shopping, fine dining, and the Marsh Grammar School, this is your chance to have it all.
Property details
| Units | 2 |
| Living area | 3,242 sqft |
| Lot size | 25,308 sqft |
| Year built | 1915 |
| Price / sqft | $308 |
| County | Essex |
| MLS # | 73527516 |
Listing status
| Days on market | 4 days |
| Listed on | June 1, 2026 |
Taxes & financials
| Annual property tax | $6,879 |
| Tax year | 2026 |
| Assessed value | $650,200 |
| Zoning | RB |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 13 |
| Lot size | 0.58 acres |
| Garage spaces | 0 |
| Parking spaces | 8 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Crawl Space |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range |
Location
More about investing in Methuen →
Listing courtesy of Century 21 McLennan & Company — Matthew McLennan. 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 173 Forest St, Methuen MA 01844 have?
It is a 2-unit multi-family property with 3,242 sqft of living area, built in 1915.
How long has 173 Forest St, Methuen MA 01844 been on the market?
173 Forest St, Methuen MA 01844 has been listed for 4 days (since June 1, 2026).
What is the estimated cap rate on this 2-family in Methuen?
Based on area median rents, the estimated cap rate is about 3.0%, with a Signal Score of 59/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $999,900 across 2 units, that works out to roughly $499,950 per unit.
What are the property taxes on 173 Forest St, Methuen MA 01844?
Annual property taxes are $6,879 (2026), on an assessed value of $650,200.
What is the price per square foot?
At $999,900 for 3,242 sqft, that's about $308 per square foot.
Is there parking?
8 total parking spaces (paved drive, off street).
Where is this property located?
173 Forest St, Methuen MA 01844 is in Methuen, Essex County, MA 01844.
