$850,000 ($307.75 per sqft)

Est. Mortgage $4,022/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

322 Broadway, Methuen, MA, 01844

View larger map Directions

14 rooms

6 beds

5 Full / 1 Half baths

1860

2,762 sqft

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!

Status:

Active

Type:

Multi-family

Units:

Zoning:

CBD

Garage:

1-car

Heating:

Baseboard, Natural Gas

Cooling:

Window Unit(s)

Basement:

Full, Walk-Out Access, Interior Entry, Concrete, Unfinished

Levels:

Parking:

12-car, Paved Drive, Off Street, Paved

Acreage:

0.21

Est. Taxes:

$6,940

Assessment

$639,000

Construction

Frame, Stone

Utilities

for Gas Range

Amenities:

Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Highway Access, Private School, Public School

Appliances:

Range, Refrigerator, Range Hood

MLS #:

73289422

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$798,000

5 beds

3 baths

2,160 sqft

3 Clinton Rd, Revere, (Revere Beach), MA, 02151

Price Reduced!

$889,900

6 beds

2 baths

2,388 sqft

199 Andover Street, Andover, MA, 01810

Price Reduced!

$825,000

4 beds

3.5 baths

3,136 sqft

58-R Beacon St, Lawrence, MA, 01843

Price Reduced!

$885,000

6 beds

4 baths

3,168 sqft

19 Halford Place, Lynn, MA, 01902

$895,000

3 beds

4 baths

2,700 sqft

485 Rantoul St, Beverly, MA, 01915

Price Reduced!

$795,000

4 beds

2 baths

2,240 sqft

21 Gardner Street, Hamilton, MA, 01982

Price Reduced!

$799,900

2 beds

3 baths

3,542 sqft

810 Wilbur Avenue, Swansea, (South Swansea), MA, 02777

$859,000

8 beds

3 baths

2,802 sqft

7 Oak Street, Gloucester, MA, 01930

$790,000

4 beds

2 baths

1,884 sqft

65-67 Lawn Ave, Quincy, MA, 02169

$800,000

4 beds

3 baths

2,041 sqft

124 Centennial Ave, Gloucester, MA, 01930

$849,000

10 beds

4 baths

3,573 sqft

21 E Haverhill St, Lawrence, MA, 01841

Price Reduced!

$895,000

4 beds

2 baths

2,865 sqft

20 Walnut Ave, Andover, MA, 01810

$795,000

9 beds

3 baths

5,193 sqft

120 Mill Street, Springfield, (So End Central), MA, 01108

Price Reduced!

$840,000

7 beds

4 baths

4,176 sqft

284 Washington St, Haverhill, MA, 01832

Price Reduced!

$895,000

8 beds

2 baths

3,224 sqft

130 East Water St, Rockland, MA, 02370

$925,000

5 beds

6 beds

3 baths

2,616 sqft

37 Shurtleff Street, Chelsea, MA, 02150

Listing courtesy of Jolmi Minaya, Tower Hill Ventures LLC Phone: 617-412-5498

$850,000 ($307.75 per sqft)

322 Broadway, Methuen, MA, 01844

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$798,000

3 Clinton Rd, Revere, (Revere Beach), MA, 02151

$889,900

199 Andover Street, Andover, MA, 01810

$825,000

58-R Beacon St, Lawrence, MA, 01843

$885,000

19 Halford Place, Lynn, MA, 01902

$895,000

485 Rantoul St, Beverly, MA, 01915

$795,000

21 Gardner Street, Hamilton, MA, 01982

$799,900

810 Wilbur Avenue, Swansea, (South Swansea), MA, 02777

$859,000

7 Oak Street, Gloucester, MA, 01930

$790,000

65-67 Lawn Ave, Quincy, MA, 02169

$800,000

124 Centennial Ave, Gloucester, MA, 01930

$849,000

21 E Haverhill St, Lawrence, MA, 01841

$895,000

20 Walnut Ave, Andover, MA, 01810

$795,000

120 Mill Street, Springfield, (So End Central), MA, 01108

$840,000

284 Washington St, Haverhill, MA, 01832

$895,000

130 East Water St, Rockland, MA, 02370

$925,000

49-51 Dale Ave, Quincy, (South Quincy), MA, 02169

New or Coming Soon Properties

$875,000

89 Johnson St, Lynn, MA, 01902

$799,900

310 A&B Broadway, Methuen, (Central), MA, 01844

$800,000

5-7 Currier St, Lawrence, MA, 01841

$869,900

131 May St, Lawrence, (North Lawrence), MA, 01841

$875,000

274 Union St, Ashland, MA, 01721

$799,888

13 Griswold St, Everett, MA, 02149

$899,900

224 Plain St, Fall River, (Oak Grove Village), MA, 02723

$899,900

1136 N Pleasant St, Amherst, MA, 01002

$798,000

17 Perkins Row, Topsfield, MA, 01983

$929,900

18 Raymond Avenue, Salem, MA, 01970

$845,000

574-576 Howard St, Lawrence, MA, 01841

$899,900

11 Heintz Road, Dennis, MA, 02639

$789,900

20 Pickman Street, Salem, (Salem Neck), MA, 01970

$849,000

1 Mount Vernon St, Haverhill, MA, 01830

$819,990

582 Centre St, Brockton, MA, 02302

$799,000

37 Shurtleff Street, Chelsea, MA, 02150

322 Broadway, Methuen, MA, 01844

Your Raveis Experience

Your best can only get better...