Sold!
$960,000
11
Beds
5
Baths
4,883
Living Area
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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.
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1945
- Parking Spots: 6
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 26
- Status: Closed
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Additional Details
- Foundation: Block
- Total Number of Units: 5
- Year Built Source: Public Records
- SqFt Source: Other
- Year Built Details: Actual
- Zoning: Cbd
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access
- Parking Features: Paved Drive
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $944,300
- Taxes: $9,991
- Tax Year: 2025
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Berkshire Hathaway HomeServices Verani Realty Salem.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
