Side-by-Side Duplex with Renovated
2-4 Brechin Ter Andover, MA 01810
For Sale
$1,100,000
Side-by-side duplex with a new roof and Hardie siding, featuring a fully renovated 3-bed, 2-bath unit.
Property Size2,741 SF
Price / SF$401.31
Days on Market107
Property Features for 2-4 Brechin Ter
General Information
- Standard status
- Active
- Size
- 2,741 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1907
Listing Agency:
Coldwell Banker Realty - Boston
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Apr 8
Changed: Jul 23
Last Checked: Jul 23 at 10:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
This side-by-side duplex at 2-4 Brechin Ter offers two separate residential units with updated exterior improvements. The property includes premium Hardie siding and a brand-new roof, supporting long-term, low-maintenance ownership.
One side has been transformed with a top-to-bottom renovation, providing a spacious 3-bedroom, 2-bath layout with a designer kitchen, modernized bathrooms, and fresh flooring. The second unit is configured as a 2-bedroom, 1-bath residence, designed to support independent occupancy.
Located in Andover, MA, this duplex is presented as a turn-key opportunity with major structural updates already completed and a distinct mix of unit layouts for flexible owner-occupant or rental use.
One side has been transformed with a top-to-bottom renovation, providing a spacious 3-bedroom, 2-bath layout with a designer kitchen, modernized bathrooms, and fresh flooring. The second unit is configured as a 2-bedroom, 1-bath residence, designed to support independent occupancy.
Located in Andover, MA, this duplex is presented as a turn-key opportunity with major structural updates already completed and a distinct mix of unit layouts for flexible owner-occupant or rental use.
Key Highlights
- Side‑by‑side duplex built in 1907 with exterior updates including a brand‑new roof and premium Hardie siding.
- Renovated unit offers a 3‑bed, 2‑bath layout with a designer kitchen, modernized bathrooms, and fresh flooring.
- Second unit features a 2‑bed, 1‑bath configuration for rental income or a private residence.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.1k | $25.20 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $66.0k | $24.07 |
| − OpEx | −$19.8k | −$7.22 |
| NOI | $46.2k | $16.85 |
2,741 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$659.6K
$577.2K – $769.6K
NOI $46,175 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$595.4K
$521.0K – $694.7K
NOI $41,681 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,586 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Side-by-side duplex with a new roof and Hardie siding, featuring a fully renovated 3-bed, 2-bath unit.
Where is this duplex located?
The property is located at 2-4 Brechin Ter Andover, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1907 with exterior updates including a brand‑new roof and premium Hardie siding.; Renovated unit offers a 3‑bed, 2‑bath layout with a designer kitchen, modernized bathrooms, and fresh flooring.; Second unit features a 2‑bed, 1‑bath configuration for rental income or a private residence.
