510 Prospect St, Methuen MA 01844

Methuen, MA 01844

$900K

4 BD · 3 BA · 2,852 sf · 0.54 ac · Built 2013

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The residence

THE POSSIBILITIES OF THIS PROPERTY ARE ALMOST ENDLESS! NOTE: THIS IS NOT CURRENTLY A MULTI FAMILY. There is IMMEDIATE potential for an ADU either in the basement or in the barn/garage (previously DELEADED). The walk-out basement has approx 700 sq ft of finish-able space. The first level of the barn/garage has approx 1035 sq ft, the 2nd level of the barn has approx 770 sq ft and the 3rd level of the barn has an additional 372 sq ft. The first level of the barn/garage would be perfect for a handicap accessible unit ! All of which could be finished with the proper permits. The lower level of the barn could still remain as a garage but also has other potential. In addition, a buyer could potentially apply for a zoning change to Multi-Family, which could allow the barn to be finished into 2 or 3 different units plus the walk-out lower level of the main house. Prospect Street already has multiple 2 & 3 family homes as well as multi-use & commercial properties so a zoning change is a real possibility. But in the meantime, while you are pursuing these permits, you get to enjoy (or rent out) this FABULOUS 13-year old, better than new home! The kitchen is the heart of the home w/ custom cabinetry, granite countertops, marble backsplash & stainless appliances, opening seamlessly to the family room w/ gas fireplace & slider to the private, elevated deck w/ electric awning w/ remote. A dedicated office w/ French doors & large windows is conveniently located near the laundry rm (not just a laundry closet) & half bath. The lovely dining room features crown moulding, wainscoting & a granite ledge. Second floor has 4 spacious bedrooms - all w/ hardwood floors & 2 full baths. A full walk-out basement offers exceptional storage & exciting potential for future expansion. Enjoy the turnaround driveway, abundant parking, irrigation system & low-maintenance vinyl siding.There is even a side porch to enjoy morning coffee or afternoon cocktails while overlooking the glorious landscaping. City water, city sewer & natural gas! The location is exceptionally convenient—just minutes to I-93 & I-495, The Loop, shopping, dining, Market Basket, Home Depot, Target & tax-free NH. A truly distinctive property where history, nature, flexibility & modern living come together in a setting that is hard to duplicate! Opportunities like this are almost impossible to find!

At a glance

Property type: Multi Family
Status: Active
Year built: 2013
Lot size: 0.54 acres
Living area: 2,852 sf
MLS#: e2a5636e7c4123d378a51dff8cc5f78c
Beds · Baths: 4 · 3

Location

Methuen, MA.

Methuen, Massachusetts, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+

$4K/mo

Approximate · principal & interest only

Down payment · 25%Interest rate · 6.75%Term · 30 years

Display Currency

$900K

Indicative conversion — settlement always in USD.

Private Showing

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Listing courtesy of William Raveis R.E. & Home Services · MLSPIN

MLS Property Information Network.The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Listings updated Oct 24, 2026

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