Price Reduced 2.94%

$825,000 ($298.70 per sqft)

Est. Mortgage $4,118/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

322 Broadway, Methuen, MA, 01844

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:

5

Zoning:

CBD

Garage:

1-car

Heating:

Baseboard, Natural Gas

Cooling:

Window Unit(s)

Basement:

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

Levels:

6

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

$869,900

8 beds

3 baths

3,220 sqft

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

$794,751

9 beds

3 baths

5,391 sqft

38 Chestnut St, Lynn, (Lynn Common), MA, 01902

$900,000

6 beds

3 baths

3,158 sqft

19 Summit Ave, Lynn, MA, 01902

$849,900

6 beds

3 baths

3,044 sqft

11 Barr St, Salem, MA, 01970

$775,000

4 beds

3 baths

2,092 sqft

25 Naples Ave, Saugus, MA, 01906

$759,000

4 beds

2.5 baths

2,553 sqft

6 Randall St, Salem, MA, 01970

Price Reduced!

$889,900

6 beds

2 baths

2,388 sqft

199 Andover Street, Andover, MA, 01810

Price Reduced!

$820,000

6 beds

4 baths

2,058 sqft

188-190 Swan River Rd, Dennis, (West Dennis), MA, 02670

$899,900

6 beds

3 baths

2,462 sqft

11 Evelyn Street, Lynn, MA, 01902

Price Reduced!

$899,900

5 beds

3 baths

4,811 sqft

117 W Main Street, Georgetown, MA, 01833

$875,000

5 beds

3 baths

2,056 sqft

3 Hazel St, Salem, MA, 01970

$798,999

8 beds

3 baths

3,822 sqft

48 Hamilton Ave, Lynn, MA, 01902

Price Reduced!

$899,000

2 beds

2 baths

2,240 sqft

9 Arnold Way, Gloucester, MA, 01930

$829,900

5 beds

4 baths

2,613 sqft

63 Sheridan St, Lynn, MA, 01902

Price Reduced!

$795,000

3 beds

3 baths

1,962 sqft

61 Central Ave, Salisbury, (Salisbury Beach), MA, 01952

$749,900

5 beds

3 baths

4,048 sqft

8 Ferry Road, Salisbury, MA, 01952

New or Coming Soon Properties

New Listing!

$799,900

6 beds

2 baths

2,500 sqft

12 Goldthwaite Pl, Peabody, MA, 01960

New Listing!

$745,000

4 beds

2 baths

1,445 sqft

11 Ocean Street, Beverly, MA, 01915

New Listing!

$750,000

6 beds

3 baths

3,375 sqft

1-3 Colby St, Lawrence, MA, 01841

New Listing!

$879,900

12 beds

3 baths

4,296 sqft

264 Jackson St, Lawrence, MA, 01841

New Listing!

$899,000

7 beds

4 baths

3,155 sqft

29 Harbor Street, Salem, MA, 01970

New Listing!

$799,900

6 beds

4 baths

5,159 sqft

354-356 Lowell St, Lawrence, (North Lawrence), MA, 01841

New Listing!

$879,900

8 beds

3 baths

3,035 sqft

59 Autumn St, Lynn, MA, 01902

New Listing!

$799,000

6 beds

3.5 baths

3,730 sqft

188 Skinner Rd, Shelburne, MA, 01370

New Listing!

$899,000

8 beds

2 baths

3,100 sqft

264 Washington St, Peabody, MA, 01960

New Listing!

$875,000

5 beds

6 baths

3,100 sqft

7 Forest St, Lawrence, MA, 01841

New Listing!

$899,000

8 beds

3 baths

2,856 sqft

90 Timson St., Lynn, MA, 01902

New Listing!

$769,900

6 beds

5 baths

3,607 sqft

442 Taunton Ave, Seekonk, MA, 02771

New Listing!

$874,900

8 beds

4.5 baths

3,500 sqft

72-74 Hawley Street, Lawrence, MA, 01843

New Listing!

$769,900

6 beds

2 baths

2,727 sqft

42 Tremont St, Taunton, MA, 02780

New Listing!

$865,000

6 beds

4 baths

2,748 sqft

55 S Elm St, Haverhill, MA, 01835

New Listing!

$849,900

6 beds

2 baths

2,902 sqft

27-29 Wheeler Ave, Haverhill, MA, 01832


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