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.
Sold for $960,000 on 05/23/25
$960,000
1-3 Ingalls Ct #&-164-164A, Methuen, MA 01844
11beds
4,883sqft
5+ Family - 5+ Units Up/Down
Built in 1945
-- sqft lot
$-- Zestimate®
$197/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 27, 2025 at 06:28am
Listed by:
Eridania Reyes 978-893-8327,
View Real Estate Group 603-328-5398
Bought with:
Jean Giguere
Berkshire Hathaway HomeServices Verani Realty Salem
Source: MLS PIN,MLS#: 73349147
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
- Full bathrooms: 5
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,883
- Total interior livable area: 4,883 sqft
- Finished area above ground: 4,883
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive
- Uncovered spaces: 6
Features
- Fencing: Fenced/Enclosed
Lot
- Size: 5,760 sqft
Details
- Zoning: CBD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Block
Condition
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access
Location
- Region: Methuen
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2025 | Sold | $960,000-12.7%$197/sqft |
Source: MLS PIN #73349147 | ||
| 4/23/2025 | Contingent | $1,099,900$225/sqft |
Source: MLS PIN #73349147 | ||
| 4/15/2025 | Price change | $1,099,900-8.3%$225/sqft |
Source: MLS PIN #73349147 | ||
| 3/26/2025 | Listed for sale | $1,199,900$246/sqft |
Source: MLS PIN #73349147 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01844
Nearby schools
GreatSchools rating
- 5/10Tenney Grammar SchoolGrades: PK-8Distance: 0.7 mi
- 5/10Methuen High SchoolGrades: 9-12Distance: 0.9 mi
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