1-3 Ingalls Ct & 164-164A Broadway, Methuen, MA 01844 - Photo 1

1/1

$960,000

Sold
Closed
Multi-Family
5 Units
11 Total Beds
0.13 Acres

1/1

Property Description

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.

Full Property Details

Full Property Details for 1-3 Ingalls Ct & 164-164A Broadway

General

Sold For: $960,000
Taxes: $9,991 (2025)
Status: Closed
Type: Multi-Family
MLS ID: 73349147
Added to Site: 301 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 5

Bedrooms

Total Bedrooms: 11

Parking

Parking Features: Paved Drive

Location

County: Essex

Structural Information

Stories/Levels: 9
Square Feet: 4,883
Year Built: 1945

Lot Features

Lot Size (Acres): 0.13

Financial Considerations

Tax Amount: $9,991
Tax Year: 2025

Listed by View Real Estate Group, Eridania Reyes
Sold by Berkshire Hathaway HomeServices Verani Realty Salem, Jean Giguere

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Listing agent

— 1-3 Ingalls Ct & 164-164A Broadway —

Eridania Reyes

View Real Estate Group

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Schools

Schools serving 1-3 Ingalls Ct & 164-164A Broadway

School District:Methuen School District

Name	Grades	Distance
Tenney Grammar School 75 Pleasant Street, Methuen, MA 01844	PK-8	0.8 mi
Methuen High School 1 Ranger Road, Methuen, MA 01844	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1-3 Ingalls Ct & 164-164A Broadway

Date

Details

Price

Change

Source

5/23/2025

Sold

$960,000

-12.72%

MLS

4/15/2025

Price Reduced

$1,099,900

-8.33%

MLS

3/26/2025

Listed

$1,199,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2
Beds
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Single Family
Active
Updated 1 day ago

3
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2
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Price Reduced

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$489,000

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Active
Updated 7 hours ago

3
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1
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Active
Updated 1 day ago

2
Beds
1
Total Bath
675
Sq. Ft.

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$989,900

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Multi-Family
Closed

4
Units
8
Total Beds
0.28
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Multi-Family
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2
Units
6
Total Beds
0.13
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$1,050,000

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Multi-Family
Closed

2
Units
8
Total Beds
0.11
Acres

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Sold

$850,000

283 Broadway Methuen, MA 01844

Multi-Family
Closed

2
Units
5
Total Beds
0.17
Acres

1-3 Ingalls Ct & 164-164A Broadway, Methuen, MA 01844 (MLS# 73349147) is a Multi-Family property that was sold at $960,000 on May 23, 2025. Want to learn more about 1-3 Ingalls Ct & 164-164A Broadway? Do you have questions about finding other Multi-Family real estate for sale in Methuen? You can browse all Methuen real estate or contact a Coldwell Banker agent to request more information.

1-3 Ingalls Ct & 164-164A Broadway Methuen, MA 01844