308 Broadway, Methuen, MA 01844
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$749,900
4 Unit
4 Beds
4 Baths
2783 SQFT
0.20 Acre

Property Description

*INVESTMENT OPPORTUNITY* A fantastic investment opportunity awaits with this well-situated four-unit building in the heart of Methuen's library neighborhood. Each unit possesses its own layout and features. This tenant occupied property offers a turnkey solution for investors, featuring separate utilities, assigned parking, on-site laundry, and room for storage. It's central location provides quick access to downtown Methuen and major highways, ensuring steady tenant demand and strong long-term value. Showings by appointment only March 16th 12:00-2:00.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Interior Features: Walk-Up Attic
  • Common Appliances: Dryer, Washer, Washer Hookup
  • Common Heating: Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Oil, Radiant
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 73200
  • Net Operating Income: 73200

Utilities

  • Heat Zones: 4
  • Electric Info: 100 Amps, Individually Metered, Other (See Remarks)
  • Utility Connections: for Electric Dryer, for Electric Range, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1830
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73341842
  • Last Updated: 03/09/25
  • Terms: Assumable, Seller W/Participate

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/09/2025Active$749,900$269MLSPIN
03/05/2025New$749,900$269MLSPIN

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Seller's Representative: Erica Hadley, Century 21 North East
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-09 04:05:00

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