$1,099,900
1-3 Ingalls Ct & 164-164a Broadway
Methuen, MA, 01844
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.
Property Details
Price:
$1,099,900
MLS #:
73349147
Status:
Active
Beds:
11
Baths:
5
Address:
1-3 Ingalls Ct & 164-164a Broadway
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Methuen
Listed Date:
Mar 26, 2025
State:
MA
Finished Sq Ft:
4,883
Total Sq Ft:
4,883
ZIP:
01844
Year Built:
1945
Units:
5
Schools
Interior
Bathrooms
5 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access
Parking Features
Paved Drive
Parking Spots
6
Financial
Tax Year
2025
Taxes
$9,991
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
Similar Listings Nearby
- 14 Stevens
Lawrence, MA$1,400,000
2.95 miles away
- 439-443 Riverside Dr
Lawrence, MA$1,350,000
1.82 miles away
- 152-158 So Union St
Lawrence, MA$1,349,900
2.27 miles away
- 115-117 Myrtle St
Lawrence, MA$1,195,000
0.83 miles away
- 35 River Rd
Andover, MA$999,000
2.40 miles away
- 412-414 High St
Lawrence, MA$950,000
1.51 miles away
- 40-42 Cornish St
Lawrence, MA$899,900
1.16 miles away
- 83 Cross St
Lawrence, MA$899,900
0.90 miles away
- 4-6 Mystic Street
Methuen, MA$849,900
0.67 miles away
Courtesy of View Real Estate Group. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
1-3 Ingalls Ct & 164-164a Broadway
Methuen, MA
LIGHTBOX-IMAGES