Multi-Family for Sale: 322 Broadway, Methuen, MA 01844

6 beds
5 full, 1 half baths
2,762 sqft
$825,000
$825,000
322 Broadway, Methuen, MA 01844
6 beds
5 full, 1 half baths
2,762 sqft
$825,000
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Price:
$825,000
$25,000 - 10/02/2024

Type Multi-Family
Beds 6
Total Baths 5 full, 1 half baths
Square Feet 2,762 sqft
Garage Spaces 1
Lot Size 0.21 acres
Year Built 1860

City Methuen
County Essex

MLS 73289422
Status Pending
DOM 109 days
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!

Lot & Building Features

Appliances Range, Refrigerator, Range Hood
Construction Frame, Stone
Cooling Window Unit(s)
Heating Baseboard, Natural Gas
Sewer Public Sewer
Tax Year 2024
Taxes Paid $6,940
Water Public
Foundation Stone
Interior Features Ceiling Fan(s), Studio, Other, Living Room, Kitchen, Heated Attic, Crown Molding
Roof Shingle
Full Baths 5
Half Baths 1
Parking Off Street, Paved Drive, Paved
Total Rooms 14
Basement Feature Concrete, Walk-Out Access, Unfinished, Interior Entry, Full
Garage Spaces 1
Fireplaces 1

Price History of 322 Broadway, Methuen, MA

Date Name Price Difference
10/02/2024 Price Adjustment $825,000 2.94%
09/12/2024 Listing Price $850,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 322 Broadway, Methuen, MA

Location Map Street View
Photo of Janet Gillis
Janet Gillis
REALTOR®
Direct: 339-933-0932
Office
Marshfield, MA
339-933-0932
Listed by Tower Hill Ventures LLC, Jolmi Minaya
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322 Broadway (MLS #73289422) is a multi-family listing located in Methuen, MA. This multi-family listing is 2,762 sqft and on a lot of 9,060 sqft (or 0.21 acres) with 6 bedrooms, 5.5 baths and is 164 years old. This property was listed on 09/12/2024 and has been priced for sale at $825,000.

Nearby zip codes are 01840, 01841, 01845, 01851 and 03079. This property neighbors other cities such as Andover, Haverhill, Lawrence, North Andover and Salem.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Tower Hill Ventures LLC

The property listing data and information 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 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 set forth herein.