Brand New Community

1, 2 & 3 Bedroom Apartment Homes in Methuen, MA

Now Accepting Applications

Apply Now    

254 Broadway, located in the heart of Methuen’s downtown area, is a striking new addition to the Merrimack Valley community and its revitalization. 254 Broadway brings contemporary style with a modern flair to this smoke-free, pet-friendly community. Conveniently located near the Methuen Rail Trail and its Riverwalk Park, 254 Broadway brings city living to Methuen with all the perks of an urban lifestyle – quickly becoming one of the most popular neighborhoods with the perfect combination of live, work & play. Close to everything Methuen has to offer, enjoy the convenience of nearby shopping, restaurants, entertainment, and some of the best schools and hospitals. Methuen abounds with picturesque public parks and playgrounds. Come to 254 Broadway to enjoy all that the Merrimack Valley has to offer, or to simply relax in your new home!

Methuen’s newest community, 254 Broadway, offers forty (40) apartment homes – a blend of one-, two- and three-bedroom layouts with modern conveniences and thoughtful designer finishes. Residents enjoy an on-site fitness center, laundry care facilities, and an on-site Management Office. Adding so much more to these exceptional living spaces, amenities include an elevator, resident parking, easy access to public transportation and major highways, and 24-hour on-call emergency maintenance.

Interested in living at 254 Broadway

Apply Now

Please note, the Application Distribution period for 254 Broadway has ended as of 11/27/2021. We welcome you to download an application from our website and submit for consideration; however, all applications received at this point going forward will be placed on the Post-Lottery waiting list.

Mail completed applications to:
Peabody Properties, Inc. c/o 254 Broadway
536 Granite Street, Braintree, MA 02184

Mixed-Income (Income Restricted) Rents*

Bed # of Apts. Rent AMI Minimum Income
1 BR 11 $1,158 60% $34,740
1 BR 1 ** 30% n/a
2 BR 22 $1,390 60% $41,700
2 BR 2 ** 30% n/a
3 BR 3 $1,605 60% $48,150
3 BR 1 ** 30% n/a

**Rent is determined by PHA based on income of applicant.

A local housing preference for those that live and work in the town of Methuen, or have children who attend school in the town of Methuen will be given to 70% of the unassisted units (24-units).

There are 3 ADA mobility accessible and 1 sensory hearing units.

Selection by lottery. Income, asset, use & occupancy restrictions apply. Rents & income limits based on HUD guidelines. Income limits subject to change. For more info, language assistance, or reasonable accommodations for persons with disabilities, please call 413.883.6890 or email.

Household Size 30% AMI 60% AMI
1 $21,630 $43,260
2 $24,720 $49,440
3 $27,810 $55,620
4 $30,870 $61,740
5 $33,360 $66,720
6 $35,820 $71,640

Income limits as of 4/1/21, income limits subject to change.
AMI = Area Median Income

Application Information

Information Session

Watch Info Session

Info Session Presentation

Applications available
09/29/21 - 11/27/21
Mail completed applications to:
Peabody Properties, Inc.
c/o 254 Broadway
536 Granite Street
Braintree, MA 02184

Application Deadline

Lottery to be held virtually on 12/15/21. Additional details will be provided in advance of the lottery.

Post Lottery
What to bring for the Interview?
» Required Documents



  • Fully-equipped kitchens including refrigerator, stove, microwave and dishwasher
  • EnergyStar appliances and high efficiency windows and doors
  • Individually controlled heating and central A/C
  • Open and airy living spaces with abundant natural light
  • Vinyl plank flooring
  • Cable and internet ready


  • Pet friendly (restrictions apply)
  • Laundry located on all floors for your convenience
  • Fitness center
  • On-site parking
  • Key fob exterior door access
  • Elevator access
  • Smoke free community
  • Near parks and walking trails
  • Professional, on-site management with 24-hour emergency maintenance