281 Broadway Methuen — Photo 1 of 7
$750,000
Investment Analysis — 281 Broadway
Methuen, MA 01844 — Central
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a home in 01844 carries an estimated $1,590/mo in gross rent — about a 1.31% cap rate and $9,805/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.
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Buyer to do their own DUE Diligence .Mixed use/Central business District (CBD).Approximate half Acre in the historic district of Methuen at the corner of Broadway (rt.28)and pleasant st. near I-93, Rt 213 close to New Hampshire Border. Central business district is composed of all those areas so designated on the Official zoning map. it includes Retail, Service, Offices and Residential uses, CBD be a place of diversity and a mixture of uses. also see 40R Zoning ordinance which allowed 30 units per acre (15 units 1/2 acre) that's not included Ground-floor Nonresidential dimensional regulation allowed 4 stories 45 ft. height by right, SEE Attached plan , Buyer may have a better plan or idea as a subdivision with a 170 ft frontage and 75 ft on pleasant st. Many opportunities with city Approval.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Highway Access • Sidewalks
Geography
Property History
$750,000
Mar 13, 2026
MLS® 73486471
$750,000
Sep 30, 2025
MLS® 73358399
$750,000
Apr 10, 2025
MLS® 73358399
$789,900
Mar 14, 2025
MLS® 73340908
$789,900
Mar 4, 2025
MLS® 73340908
Listing Agent: Kamel Alhady
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73486471