Sold for $960,000

$960,000

1-3 Ingalls Ct #&-164-164a, Methuen, MA 01844

11beds

4,883sqft

5+ Family - 5+ Units Up/Down

Built in 1945

-- sqft lot

$-- Zestimate^®

$197/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$5,953/mo

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$5,953/mo

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What's special

Surrounded by residential charm

Rare investment opportunity in Methuen! 1-3 Ingalls Ct & 164-164A Broadway features two separate buildings—a three-family and a two-family—on a 5-unit lot with 11 bedrooms and 5 bathrooms across 4,883 sq. ft. of living space. With 6 off-street parking spaces, separate utilities, and a layout ideal for stable cash flow, this property offers immediate returns and long-term upside. Currently producing $8,350/month with a pro forma NOI of $95,060 and projected 7.92% cap rate. Situated on a 0.132-acre lot and surrounded by residential charm, this portfolio-style asset has minimal turnover, low vacancy, and strong rental demand. Great for both new and seasoned investors.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 5
Full bathrooms: 5

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 4,883
Total interior livable area: 4,883 sqft
Finished area above ground: 4,883

Property

Parking

Total spaces: 6
Parking features: Paved Drive
Uncovered spaces: 6

Features

Fencing: Fenced/Enclosed

Lot

Size: 5,760 Square Feet

Details

Zoning: CBD

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Foundation: Block

Condition

Year built: 1945

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access

Location

Region: Methuen

Financial & listing details

Price per square foot: $197/sqft
Tax assessed value: $944,300
Annual tax amount: $9,991
Date on market: 12/17/2025
Total actual rent: 0

Price history

Date	Event	Price
5/23/2025	Sold	$960,000-12.7%$197/sqft
Source: MLS PIN #73349147 Report a problem
4/23/2025	Contingent	$1,099,900$225/sqft
Source: MLS PIN #73349147 Report a problem
4/15/2025	Price change	$1,099,900-8.3%$225/sqft
Source: MLS PIN #73349147 Report a problem
3/26/2025	Listed for sale	$1,199,900$246/sqft
Source: MLS PIN #73349147 Report a problem