Open House: Sat 4/19 11:30 AMPrice Reduced $100,000

1-3 Ingalls Ct & 164-164a Broadway, Methuen, MA 01844
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$1,099,900

5 Unit

11 Beds

5 Baths

4883 SQFT

0.13 Acre

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.

Property Details tap to expand

Building Information

Total Units: 5
Total Floors: 9
Total Bedrooms: 11
Total Full Baths: 5
Amenities: Highway Access, Laundromat, Medical Facility, Public Transportation, Shopping

Financial

APOD Available: No

Utilities

Water: City/Town Water, Private
Sewer: City/Town Sewer, Private

Unit 1 Description

Under Lease: No
Floors: 1
Levels: 1

Unit 2 Description

Under Lease: No
Floors: 2
Levels: 1

Unit 3 Description

Floors: 3
Levels: 1

Unit 4 Description

Under Lease: No
Floors: 1
Levels: 1

Construction

Year Built: 1945
Type: 5+ Family - 5+ Units Up/Down
Foundation Info: Concrete Block
Lead Paint: Unknown
Warranty: No

Other Information

MLS ID# 73349147
Last Updated: 04/15/25

Property History tap to expand

Date	Event	Price	Price/Sq Ft	Source
04/15/2025	Price Change	$1,099,900	$225	MLSPIN
03/30/2025	Active	$1,199,900	$246	MLSPIN
03/26/2025	New	$1,199,900	$246	MLSPIN

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Seller's Representative: Eridania Reyes, View Real Estate Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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.

MLS PIN data last updated at 2025-04-15 19:10:00

Boardwalk Properties
143 Harvard Avenue
Allston, MA 02134
(617) 566 5333

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

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