7
See all 7 photos
$1,199,900
Est. payment /mo
11 Beds
5 Baths
4,883 SqFt
New
1-3 Ingalls Ct & 164-164a Broadway Methuen, MA 01844
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Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 4,883 sqft
Price per Sqft $245
MLS Listing ID 73349147
Bedrooms 11
Full Baths 5
Year Built 1945
Annual Tax Amount $9,991
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Rare investment opportunity in Methuen! 1-3 Ingalls Ct & 164-164A Broadway features two separate buildings—a three-family and a two-family—on a 5-unit lot with 11 bedrooms and 5 bathrooms across 4,883 sq. ft. of living space. With 6 off-street parking spaces, separate utilities, and a layout ideal for stable cash flow, this property offers immediate returns and long-term upside. Currently producing $8,350/month with a pro forma NOI of $95,060 and projected 7.92% cap rate. Situated on a 0.132-acre lot and surrounded by residential charm, this portfolio-style asset has minimal turnover, low vacancy, and strong rental demand. Great for both new and seasoned investors. OFFERS DUE MONDAY 03/31 BY 5PM.
Location
State MA
County Essex
Zoning CBD
Direction Broadway St
Exterior
Fence Fenced/Enclosed
Community Features Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access
Total Parking Spaces 6
Garage No
Building
Story 9
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by View Real Estate Group