E
Seller's Agent in 2025
Eridania Reyes
View Real Estate Group
(978) 893-8327
2 in this area
20 Total Sales
1-3 Ingalls Ct Methuen, MA 01844
Downtown Methuen Neighborhood
11
Beds
5
Baths
4,883
Sq Ft
5,760
Sq Ft Lot
Highlights
- Medical Services
- Shops
- Fenced
- Property is near public transit
- Coin Laundry
About This Home
As of May 2025Rare 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
Home Type
- Multi-Family
Est. Annual Taxes
- $9,991
Year Built
- Built in 1945
Lot Details
- 5,760 Sq Ft Lot
- Fenced
Home Design
- 4,883 Sq Ft Home
- Block Foundation
Bedrooms and Bathrooms
- 11 Bedrooms
- 5 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
Location
- Property is near public transit
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Sold | $960,000 | -12.7% | $197 / Sq Ft |
| 04/21/2025 04/21/25 | Pending | -- | -- | -- |
| 04/15/2025 04/15/25 | Price Changed | $1,099,900 | -8.3% | $225 / Sq Ft |
| 03/26/2025 03/26/25 | For Sale | $1,199,900 | -- | $246 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Eridania Reyes
-
Jean Giguere
J
Buyer's Agent in 2025
Jean Giguere
Berkshire Hathaway HomeServices Verani Realty Salem
(978) 423-2453
4 in this area
34 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73349147
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The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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