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322 Broadway

Methuen, MA 01844

6 beds
6 baths
2,762 sqft
9,060 sqft lot
$298 per sqft
1860 build
– on site

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!

Listing courtesy of MLSPIN / Jolmi Minaya / Tower Hill Ventures LLC

Last checked: Checking… • Last updated Oct 6, 2024 •

MLS# 73289422 —

The Building

Year Built:

1860
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Full
Foundation Details:

Stone
Patio And Porch Features:

Deck
Stories Total:

6
# of Units Total:

5
Building Area Total:

2762
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

14
Interior Features:

Other
Flooring:

Vinyl
Fireplace:

true
Fireplaces Total:

1

Room Dimensions

Living Area:

2762

Location

Directions:

Use GPS
Latitude:

42.730076
Longitude:

-71.189851

The Property

Parcel Number:

M:00612 B:00122 L:00009,2040582
Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Size Units:

Acres
Lot Size Area:

0.21
Lot Size SqFt:

9060
Lot Size Acres:

0.21
Zoning:

CBD
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Surface Type:

Paved
Road Frontage Type:

Public
Road Responsibility:

Public Maintained Road

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Book Number:

9228
Tax Annual Amount:

6940
Tax Assessed Value:

639000

Beds

Bedrooms Total:

6

Baths

Total Baths:

5.5
Total Baths:

6
Full Baths:

5
Half Baths:

1

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Baseboard
Heating:

true
Cooling:

Window Unit(s)
Cooling:

true

Utilities

Utilities:

for Gas Range
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

true
Garage Spaces:

1
Parking Total:

12
Parking Features:

Paved Drive
Covered Spaces:

1
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/2/24 Oct 2, 2024	Price Changed	MLSPIN	$825,000	-2.9%
9/12/24 Sep 12, 2024	Listed / Active	MLSPIN	$850,000

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This multifamily located in Methuen, Methuen, MA 01844 is currently for sale for $825,000. 322 Broadway is a 2,762 square foot multifamily with 6 beds and 6 baths that has been on Estately for 54 days. 322 Broadway is in the Methuen neighborhood of Methuen and has a WalkScore® of 67, making it somewhat walkable. This multifamily is in the attendance area of Methuen High School and Tenney Grammar School.

Listing Courtesy of: MLSPIN and Tower Hill Ventures LLC.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) 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., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.