Don’t miss this rare opportunity to own a well-performing six-family property in a desirable location near the Methuen line, offered at $1,299,000. Each of the six spacious units features 3 bedrooms and 1 full bath, appealing to quality tenants. Three units have been updated within the past two years, adding value and rental upside.Tenants pay their own utilities, keeping owner expenses low and maximizing cash flow. The property also offers approximately 8 off-street parking spaces, a major perk in this area. Conveniently located near shopping, dining, and major highways, this turnkey property delivers both strong rental income and long-term investment potential.
Multi-familyProperty Type
1920Year Built
6,534 sq ftLot Size
$166Price/Sq.Ft.
8 spacesParking
Listed by Olivares Molina TEAM• Realty One Group Nest
Bought with Olivares Molina TEAM• Realty One Group Nest
Large six family with tremendous rental upside potential. All three bedroom units averaging 1,200 square feet each. In a great area near the Methuen line. Plenty of off street parking. Tenants pay their own utilities. Vinyl sided. Two units are presently vacant and in the process of being prepped to rent at $1,850 each. Seller can leave vacant for new owner or deliver rented. Property needs cosmetics. Rents should be $1,850 each with cosmetic upgrades to apartments. Clean basement. 439 Riverside Dr., Units 1 & 2, 441 Riverside Dr., Units 1 & 3 have been issued letters of lead compliance per state website.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Multi-Family (2-4 Unit)
County
Essex County
APN
M:0224 B:0000 L:0004,4211788
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Last updated by owner on Jul 25, 2025.
R-2
Two-Family Residential District
To permit single and two family housing at a medium density; to ensure a safe and healthy living environment; and to ensure that other uses permitted within the districts are compatible with the single and two family uses. There shall be no more than 1 two-family dwelling per lot.