The Macchi Group
William Raveis R.E. & Home Services
(774) 271-5857
144 Total Sales
2 in Downtown Methuen
$600K - $660K Price Range
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.
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Methuen, MA
-
The Macchi Group
-
Aline Roy
Aline Roy
Keller Williams Realty/Merrimack Valley
(351) 208-2759
35 Total Sales
2 in Downtown Methuen
$275K - $510K Price Range
-
North Star Group
North Star Group
Real Broker MA, LLC
(857) 240-5268
111 Total Sales
1 in Downtown Methuen
$540,000 Price
-
Team Valdez Mejia
Team Valdez Mejia
Keller Williams Realty
(351) 208-2030
160 Total Sales
8 in Downtown Methuen
$400K - $1.1M Price Range
-
John Collins
John Collins
Capital Residential Group, LLC
(781) 604-1284
22 Total Sales
1 in Downtown Methuen
$620,000 Price
-
Brandon Sweeney
Brandon Sweeney
Responds QuicklyeXp Realty LLC
(978) 625-9008
93 Total Sales
1 in Downtown Methuen
$357,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,541 | $595,538 | $226,133 | $369,405 |
| 2025 | $3,393 | $741,035 | $238,696 | $502,339 |
| 2023 | $3,393 | $726,982 | $218,595 | $508,387 |
| 2022 | $3,249 | $642,122 | $238,696 | $403,426 |
| 2021 | $3,069 | $397,403 | $74,684 | $322,719 |
| 2020 | $2,956 | $336,575 | $77,059 | $259,516 |
| 2019 | $2,955 | $308,040 | $70,054 | $237,986 |
| 2018 | $3,146 | $300,018 | $54,641 | $245,377 |
| 2017 | $3,012 | $269,068 | $54,101 | $214,967 |
| 2016 | $3,080 | $270,625 | $62,060 | $208,565 |
| 2015 | $3,207 | $271,188 | $0 | $0 |
| 2013 | -- | $287,551 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Eridania Reyes
ER
Seller's Agent in 2025
Eridania Reyes
View Real Estate Group
(978) 893-8327
4 in this area
47 Total Sales
-
Jean Giguere
JG
Buyer's Agent in 2025
Jean Giguere
Berkshire Hathaway HomeServices Verani Realty Salem
(978) 423-2453
3 in this area
24 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73349147
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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