Two-Unit Residential Income
207 Middlesex Street North Andover, MA 01845
For Sale
$799,500
Built in 1900 with a two-unit layout, wraparound porch, and walk-up attic on a corner lot, sold as-is.
Property Size2,722 SF
Lot Size0.16 Acres
Price / SF$293.72
Days on Market28
Property Features for 207 Middlesex Street
General Information
- Standard status
- Active
- Size
- 2,722 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Lamacchia Realty,Inc.
Listed By:
Lisa Gray
(603) 548-5315
Source:
Burkelordrealestate
Added: Jun 26
Changed: Jul 22
Last Checked: Jul 22 at 8:23PM
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 Lamacchia Realty,Inc.
Investment Insights
Based on property information with market context.
This classic 1900-built two-unit residential income property offers a two-unit layout with original hardwood flooring and a large wraparound porch. The home also includes a walk-up attic with potential for future finishing, providing flexibility for added living space. The property is being sold as-is.
Located in North Andover, the property sits on a corner lot and is close to schools, the public library, and downtown shops, with easy highway access.
With its established duplex configuration and original character features, this is a renovation-focused opportunity for an owner or investor looking for a project property in North Andover.
Located in North Andover, the property sits on a corner lot and is close to schools, the public library, and downtown shops, with easy highway access.
With its established duplex configuration and original character features, this is a renovation-focused opportunity for an owner or investor looking for a project property in North Andover.
Key Highlights
- Built in 1900, two‑unit multi‑family home on a 0.16‑acre corner lot
- Wraparound porch and classic New England exterior features
- Extra large walk‑up attic with potential to finish for additional living space
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 | $68.6k | $25.20 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $65.5k | $24.07 |
| − OpEx | −$19.7k | −$7.22 |
| NOI | $45.9k | $16.85 |
2,722 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$655.1K
$573.2K – $764.3K
NOI $45,855 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$591.3K
$517.4K – $689.9K
NOI $41,392 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,799 @ 7.0% cap · market cap 14.11%
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 - Built in 1900 with a two-unit layout, wraparound porch, and walk-up attic on a corner lot, sold as-is.
Where is this duplex located?
The property is located at 207 Middlesex Street North Andover, MA.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: Built in 1900, two‑unit multi‑family home on a 0.16‑acre corner lot; Wraparound porch and classic New England exterior features; Extra large walk‑up attic with potential to finish for additional living space
