1-3 Ingalls Ct & 164-164a Broadway Methuen, MA SOLD
$960,000
Beds 11
Baths 5
Square Feet 4,883
Acres 0.13
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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.
Listed by View Real Estate Group, Eridania Reyes
Sold by BHHS Verani Salem, Jean Giguere
Details
MLS 73349147
Status Closed
Price $960,000
DOM 58 days
Type Multi-Family
Beds 11
Baths 5 full baths
Square Feet 4,883 sqft
Lot Size 0.13 acres
Year Built 1945
Lot & Building Features
Sewer Public Sewer
Tax Year 2025
Taxes Paid $9,991
Water Public
Foundation Block
Full Baths 5
Parking Paved Drive
Total Rooms 26
Garage Spaces 0
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.