1-3 Ingalls Ct & 164-164a Broadway, Methuen MA 01844
About this home
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.
Sale Statistics
This property sold for 20.0% below the original asking price.
The property spent 57 days on market before selling.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
1-3 Ingalls Ct & 164-164a Broadway, Methuen MA 01844
Methuen, MA 01844
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
May 23, 2025Listed for Sale
Mar 26, 2025| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/23/2025 | âś“ Sold | $960,000 | - | - | Property sold |
| 03/26/2025 | 🏠Listed for Sale | $1,099,900 | - | - | Original listing |