1-3 Ingalls Ct & 164-164A Broadway Methuen, MA 01844
Listing Courtesy of: MLS PIN / View Real Estate Group / Eridania Reyes

  1-3 Ingalls Ct & 164-164A Broadway Methuen, MA 01844

Contingent (31 Days)
$1,099,900
11
BED
5
BATH
4,883
SQFT

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.

MLS #:
73349147
Taxes
$9,991(2025)
Lot Size
5,760 SQFT
Type
Multifamily
Year Built
1945
County
Essex County

Listed By

Eridania Reyes, View Real Estate Group
Source
MLS PIN
Last checked Apr 26 2025 at 9:08 AM GMT+0000
Bathroom Details
Property Features
  • Fireplace: 0
  • Foundation: Block
Utility Information
  • Utilities: Water: Public
  • Sewer: Public Sewer
Parking
  • Paved Drive
  • Total: 6
Stories
  • 9
Living Area
  • 4,883 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 15, 2025
Price Changed
$1,099,900
-8%
-100,000
Mar 26, 2025
Original Price
$1,199,900
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 North East and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
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