Sold
322 Broadway, Methuen, MA
Methuen · MA 01844
- $825,000
- Price
- 6
- Beds
- 5.5
- Baths
- 2762
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1860
Units:
5 Units
Lot size:
9,060 Sq.Ft Lot
Price per square foot:
$299 / Sq.Ft
Parking:
1 Garage Space · 12 Off Street Spaces
About this home
Discover the potential of 322 Broadway, a well-located multi-family building featuring 5 units on the edge of Methuen's Historic Downtown. This prime property is just under a mile from tax-free Salem, NH, and minutes away from the vibrant Tuscan Village development. With a 7% Cap Rate and rental upside, this property presents a lucrative opportunity for investors. Current leases are below market rates, offering significant room for rental increases by upgrading unit interiors (1 unit will require TLC). Situated in a Qualified Opportunity Zone, this property is ideally positioned in a high-demand, supply-constrained residential market. Generous lot with ample space for potential future enhancements or expansions. This property offers an excellent opportunity to capitalize on a growing area with the potential to enhance value through strategic upgrades. Don?t miss out on this investment in a thriving community!
Neighborhood & Transit
322 Broadway, Methuen · MA 01844
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 782 days
- Listing Price:
- $825,000
- Price per Sq.Ft:
- $299
- Tax Assessment:
- $639,000 in 2024
- Taxes:
- $578 / Monthly
Home Facts
Interior Features
- Bedrooms
- 6
- Full Bathrooms
- 5
- Half Bathrooms
- 1
- Living Area
- 2,762 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 2762
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 9,060 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 1 Parking Space
- Off Street Parking
- 12 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Asbestos
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Jolmi Minaya
- Listing office
- Tower Hill Ventures LLC
- MLS PIN #
- 73289422