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Properties

  • 322 Broadway, Methuen, Massachusetts, 6 Bedrooms Bedrooms, 14 Rooms Rooms,5.5 BathroomsBathrooms,Residential Income,For Sale,Broadway,73289422
  • 322 Broadway, Methuen, Massachusetts, 6 Bedrooms Bedrooms, 14 Rooms Rooms,5.5 BathroomsBathrooms,Residential Income,For Sale,Broadway,73289422
  • 322 Broadway, Methuen, Massachusetts, 6 Bedrooms Bedrooms, 14 Rooms Rooms,5.5 BathroomsBathrooms,Residential Income,For Sale,Broadway,73289422
  • 322 Broadway, Methuen, Massachusetts, 6 Bedrooms Bedrooms, 14 Rooms Rooms,5.5 BathroomsBathrooms,Residential Income,For Sale,Broadway,73289422
Property Description

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!

Features
: Baseboard, Natural Gas
: Window Unit(s)
: Full, Walk-out Access, Interior Entry, Unfinished, Concrete
: Off Street, Paved, Paved Drive
: Range, Refrigerator, Range Hood
: Frame, Stone
: Tile, Vinyl, Hardwood, Carpet
: Public Sewer
: Public
: Yes
: Crown Molding, Other, Kitchen, Ceiling Fan(s), Living Room, Studio, Heated Attic
: Unknown
: Paved
: Water, Electric, Gas, Unit 2(heat, Hot Water), Unit 1(heat, Unit 3(heat, Unit 4(none)
Additional Information
97
12
2024
Closed
$299
CBD
5
$850,000
1
: No
No
Sold
Address Map
Methuen
Massachusetts
Essex
01844
W72° 48' 36.5''
N42° 43' 48.3''
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Residential Income

322 Broadway, Methuen, Massachusetts

6 Bedrooms
5.5 Bathrooms
9,060 Sqft
$825,000
Listing ID #73289422
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Price : $825,000
Bedrooms : 6
Rooms : 14
Bathrooms : 5.5
Half Bathrooms : 1
Square Footage : 9,060 Sqft
Year Built : 1860
Lot Area : 0.21 Acre
Listing ID : 73289422
BathroomsFull : 5
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Agent info
  • srobb@robbenterprises.com

Contact Agent

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.

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