For Sale

510 Prospect St, Methuen, MA

Methuen · MA 01844

$899,700
Price
4
Beds
2.5
Baths
2852
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 2013
Units: 1 Units
Lot size: 0.54 Acre Lot
Price per square foot: $315 / Sq.Ft
Parking: 6 Garage Spaces · 12 Off Street Spaces

About this home

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 (also could be 5th bedroom)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! Buyer to do their own due diligence about ADU potential & about any zoning change. Private showings must provide a pre-approval letter prior to showing

Neighborhood & Transit

Central

510 Prospect St, Methuen · MA 01844

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
15 days
Listing Price:
$899,700
Price per Sq.Ft:
$315
Tax Assessment:
$841,900 in 2026
Taxes:
$730 / Monthly

Home Facts

Interior Features

Bedrooms
4
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,852 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
2852
Flooring
Unknown
Lead paint
None

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Circuit Breakers, 200 Amps

Exterior Features

Lot Size
23,514 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
6 Parking Spaces
Off Street Parking
12 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
The Peggy Patenaude Team
Listing office
William Raveis R.E. & Home Services
MLS PIN #
73593027
Disclosure
This property is an excellent candidate for an ADU. This is currently not zoned multi-family but has the space and potential for such. BUYER TO DO ALL DUE DILIGENCE WITH REGARD TO PERMITTING, ZONE CHANGES, ETC.