NOT LISTED FOR SALE

176 Broadway Methuen, MA 01844

Downtown Methuen Neighborhood

Estimated Value: $769,365 - $887,000

7 Beds
4 Baths
3,628 Sq Ft
$226/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $700,000 $193 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,877/month

167 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Level Lot
  • Wood Flooring
  • 1 Car Garage
  • Heating Available

About This Home

As of September 2023

RARE OPPORTUNITY! This multifamily that is zoned commercial is located in the heart of Methuen while offering a unique floor plan in each unit making it an ample investment. The property has a vast amount of parking with at 2 car garage and 4 stall carport. The opportunities are endless whether it is to be owner occupied or investor! This will not last!! PROPERTY WILL NOT GO FHA

Last Agent to Sell the Property

Henry Matos

Coldwell Banker Realty - Salem Listed on: 02/21/2023

Last Buyer's Agent

Joe Mina

Tower Hill Ventures LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,937

Year Built

  • Built in 1905

Lot Details

  • 7,148 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,628 Sq Ft Home
  • Window Screens
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Heating Available
  • 100 Amp Service

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $2,200
  • Rent includes unit 1(none)
  • Assessor Parcel Number M:00714 B:00120 L:00002,2044045

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,937

Year Built

Built in 1905

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1905
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Wood,Tile,Vinyl
  • Interior Amenities: Other (See Remarks), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Dining Room,Kitchen,Family Room)
  • Fireplace YN: No
  • Appliances: Unit 1(Range), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator)
  • Total Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 3628
  • Spa YN: No
  • Stories Total: 5
  • Window Features: Screens
  • MAIN LO: AN0992
  • MAIN SO: AN7919

Exterior Features

  • Exterior Features: Porch,Screens,Varies per Unit
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Central Heat,Hot Water Baseboard,Gas), Unit 2(Central Heat,Hot Water Baseboard,Gas), Unit 3(Central Heat,Hot Water Baseboard)
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Rent Includes: Unit 1(None)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00714 B:00120 L:00002,2044045
  • Zoning: CBD
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 7148
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6937

Multi Family

  • Net Operating Income: 26400
  • Number Of Units Total: 3
  • Total Actual Rent: 2200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2025
Sold by
Minaya Jolmi
Bought by
Thv Broadway Llc
Current Estimated Value
$821,261

Purchase Details

Listed on
Feb 21, 2023
Closed on
Sep 8, 2023
Sold by
Ventura Borgen Ret and Borgen
Bought by
Minaya Jolmi
Seller's Agent
Henry Matos
Coldwell Banker Realty - Salem
Buyer's Agent
Joe Mina
Tower Hill Ventures LLC
List Price
$699,900
Sold Price
$700,000
Premium/Discount to List
$100
0.01%
Views
480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$525,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2007
Sold by
Greeley John E and Greeley Susan L
Bought by
Ventura Mayra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thv Broadway Llc -- None Available
Thv Broadway Llc -- None Available
Minaya Jolmi $700,000 None Available
Minaya Jolmi $700,000 None Available
Minaya Jolmi $700,000 None Available
Ventura Mayra $375,000 --
Ventura Mayra $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Minaya Jolmi $525,000
Previous Owner Ventura Mayra $337,500
Previous Owner Ventura Mayra $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $700,000 0.0% $193 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $699,900 0.0% $193 / Sq Ft
06/06/2023 06/06/23 Off Market $700,000 -- --
04/24/2023 04/24/23 Price Changed $699,900 0.0% $193 / Sq Ft
04/24/2023 04/24/23 For Sale $699,900 -6.7% $193 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
02/21/2023 02/21/23 For Sale $749,900 -- $207 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

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
2025 $7,312 $691,100 $159,500 $531,600
2024 $7,270 $669,400 $145,000 $524,400
2023 $6,937 $592,900 $126,900 $466,000
2022 $6,325 $484,700 $108,800 $375,900
2021 $6,205 $470,400 $102,700 $367,700
2020 $6,212 $462,200 $102,700 $359,500
2019 $5,880 $414,400 $96,700 $317,700
2018 $5,458 $382,500 $90,700 $291,800
2017 $5,129 $350,100 $84,600 $265,500
2016 $4,835 $326,500 $78,600 $247,900
2015 $4,091 $280,200 $65,300 $214,900
Source: Public Records

Agents Affiliated with this Home

  • Henry Matos

    Seller's Agent in 2023

    Henry Matos

    Coldwell Banker Realty - Salem

    (978) 853-5364

    3 in this area

    55 Total Sales

    Henry Matos
    Section Image
  • Joe Mina

    Buyer's Agent in 2023

    Joe Mina

    Tower Hill Ventures LLC

    (617) 412-5498

    3 in this area

    9 Total Sales

    Joe Mina
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73080801

MLS Property Information Network (MLS PIN)

APN: 714-120-2

Massachusetts Essex County Methuen 01844 Downtown Methuen

176 Broadway, Methuen, MA

Not Listed for Sale

MultiFamily

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.

MLS Property Information Network (MLS PIN) 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.

Nearby Homes