$825,000
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322 Broadway Unit 322 Methuen, MA 01844
Multi-Family
Residence
6
Beds
6
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 ups...ide, 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!
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MLS#
73289422
Property Type
Multi-Family
Bedrooms
6
Bathrooms
5 Full/1 Half
Year Built
1860
Price per Sq. Ft.
$298.70
Lot Size
0.21
Sewer
Public Sewer
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