Residential Income Duplex
247 Osgood Street North Andover, MA 01845
247 Osgood Street, North Andover, MA, 01845
$799,900
For Sale
$799,900
One-level residence plus updated accessory rental unit, featuring an eat-in kitchen, deck access, and an inground pool on a large lot.
Property Size2,030 SF
Price / SF$394.04
Days on Market34
Property Features for 247 Osgood Street
General Information
- Standard status
- Active
- Size
- 2,030 SF
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1955
Listing agency
Coldwell Banker Realty - Andovers/Readings Regional
(978) 902-8506
Listed by
Debbie Carusi
(978) 902-8506
Source
Lockandkeyre
Added: Jun 18 Updated: Jul 21 at 6:41AM Checked: Jul 21 at 6:41AM
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 - Andovers/Readings Regional
Investment Insights
Based on property information with market context.
This for-sale duplex-style residential income property offers a one-level main home along with an additional accessory/rental unit. The main house features an oversized living room with a wood-burning fireplace and custom built-ins, along with a large eat-in kitchen with a dining area. The layout includes a front-facing, private primary bedroom plus two additional bedrooms and a full bathroom.
The accessory rental unit has been updated and includes a floorplan with a front private bedroom and an adjacent full bathroom. Its large eat-in kitchen opens to the living room and includes a slider providing access to a back deck.
The property also includes a bonus inground pool set on a large, oversized lot. The home is described as being close to local schools, Drummond Playground, Youth Center, Olde Town Common, and downtown, with easy highway access to routes 495, 93, or 114.
The accessory rental unit has been updated and includes a floorplan with a front private bedroom and an adjacent full bathroom. Its large eat-in kitchen opens to the living room and includes a slider providing access to a back deck.
The property also includes a bonus inground pool set on a large, oversized lot. The home is described as being close to local schools, Drummond Playground, Youth Center, Olde Town Common, and downtown, with easy highway access to routes 495, 93, or 114.
Key Highlights
- One‑level home built in 1955 with 3 bedrooms and a full bathroom in the main house
- Main house features an oversized living room with a wood‑burning fireplace and custom built‑ins
- Large eat‑in kitchen in the main house with a dining area
Local 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 | $51.2k | $25.20 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $48.9k | $24.07 |
| − OpEx | −$14.7k | −$7.22 |
| NOI | $34.2k | $16.85 |
2,030 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$441.0K
$385.9K – $514.5K
NOI $30,869 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,123 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - One-level residence plus updated accessory rental unit, featuring an eat-in kitchen, deck access, and an inground pool on a large lot.
Where is this duplex located?
The property is located at 247 Osgood Street North Andover, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: One‑level home built in 1955 with 3 bedrooms and a full bathroom in the main house; Main house features an oversized living room with a wood‑burning fireplace and custom built‑ins; Large eat‑in kitchen in the main house with a dining area
