Renovated Side-by-Side
For Sale
$1,050,000
2-4 Brechin Ter, Andover, MA 01810
Two distinct floor plans provide flexibility across the property’s residential units.
Property Size2,741 SF
Price / SF$383.07
Days on Market192
Property Features for 2-4 Brechin Ter
General Information
Standard status
Active
Size
2,741 SF
Property subtype
2 Family - 2 Units Side by Side
Units
Unit Mix
3BR/2BA, 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,924
Building Details
Building Size
2,741 SF
Year Built
1907
Listing Agency:
Engel & Volkers Boston
Listed By:
Post Advisory Group
Source:
Kevinfruh
Added: Apr 8
Changed: Oct 15
Last Checked: Oct 14 at 11:48PM
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 Engel & Volkers Boston
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Investment Insights
Based on property information with market context.
This 2,741-square-foot duplex contains two side-by-side units. One offers three bedrooms and two bathrooms and has undergone a full interior renovation, including updates to the kitchen, bathrooms, and flooring. The second unit has two bedrooms and one bathroom. The exterior has new Hardie siding and a new roof.
Built in 1907, the property is located at 2-4 Brechin Ter in Andover, Massachusetts.
Built in 1907, the property is located at 2-4 Brechin Ter in Andover, Massachusetts.
Key Highlights
- Side‑by‑side duplex with 2,741 square feet
- Renovated unit has 3 bedrooms and 2 bathrooms
- Second unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,175
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$923,500
$923.5K
Cap Rate 7%
$659,643
$659.6K
Cap Rate 9%
$513,056
$513.1K
Market Conditions
NOI Build-Up for 2,741 SF
Gross rent
$69.1K $25.20/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$66.0K $24.07/SF
− OpEx
−$19.8K −$7.22/SF
NOI
$46.2K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$923,500
Cap Rate 7%
$659,643
Cap Rate 9%
$513,056
Alternative Uses
Best Use
Multifamily LT 5
$659.6K
$577.2K – $769.6K
NOI $46,175 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$595.4K
$521.0K – $694.7K
NOI $41,681 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,586 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 01810, MA
35,621
Population
13,803
Households
2.6
Avg Household Size
43
Median Age
75%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,168
Density / Sq Mi
$167,591
Median Household Income
$86,838
Median Earnings
$2,046
Median Rent
$813,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct floor plans provide flexibility across the property’s residential units.
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 $1,050,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,741 square feet; Renovated unit has 3 bedrooms and 2 bathrooms; Second unit includes 2 bedrooms and 1 bathroom
