Two-Family Residential Income
279 Osgood Street North Andover, MA 01845
279 Osgood Street, North Andover, MA, 01845
$899,000
For Sale
$899,000
Two-family home with tenant occupancy and recent upgrades, including new electrical service and high-efficiency gas heating.
Property Size2,285 SF
Price / SF$393.44
Days on Market102
Property Features for 279 Osgood Street
General Information
- Standard status
- Active
- Size
- 2,285 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Listwithfreedom.com
(855) 456-4945
Listed by
Ralph M Harvey III · License #10311209134
Source
Eganrealtygroup
Added: Apr 11 Updated: Jul 21 at 6:14AM Checked: Jul 21 at 6:14AM
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 Listwithfreedom.com
Investment Insights
Based on property information with market context.
This two-family residential income property is currently occupied by tenants. Improvements include a new electrical service, a high-efficiency gas heating system, updated appliances, a newer roof and gutters, and rebuilt chimneys with caps. The home also features a back deck and a fenced-in private yard. Off-street parking is provided by a newly built large driveway that can accommodate about 5 to 6 cars.
Conveniently located within a short walk to both the Elementary and Middle Schools and close to Route 495. The Town Common is about a 10-minute walk away.
The property is set up as a duplex/2-family configuration, offering a residential income format within an upgraded envelope and support systems.
Conveniently located within a short walk to both the Elementary and Middle Schools and close to Route 495. The Town Common is about a 10-minute walk away.
The property is set up as a duplex/2-family configuration, offering a residential income format within an upgraded envelope and support systems.
Key Highlights
- 2‑family home currently rented with tenant occupancy
- Year built 1900
- Recent upgrades include new electrical service and high‑efficiency gas heating system
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 | $57.6k | $25.20 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $55.0k | $24.07 |
| − OpEx | −$16.5k | −$7.22 |
| NOI | $38.5k | $16.85 |
2,285 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.9K
$481.2K – $641.6K
NOI $38,494 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$496.4K
$434.3K – $579.1K
NOI $34,747 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,690 @ 7.0% cap · market cap 10.53%
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 - Two-family home with tenant occupancy and recent upgrades, including new electrical service and high-efficiency gas heating.
Where is this duplex located?
The property is located at 279 Osgood Street North Andover, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2‑family home currently rented with tenant occupancy; Year built 1900; Recent upgrades include new electrical service and high‑efficiency gas heating system
