Three-Level Two-Family
For Sale
$795,000
46 Whittier Street, Andover, MA 01810
Two distinct units offer flexible living areas, period character, and backyard space.
Property Size1,951 SF
Price / SF$407.48
Days on Market211
Property Features for 46 Whittier Street
General Information
Standard status
Active
Size
1,951 SF
Property subtype
Multi-family
Property Condition
Severity
Repairs Needed
Evidence
ready for updates
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
fireplace
backyard
Building Details
Year Built
1881
Stories
3
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty
Listed By:
Julie Ratte
(978) 265-3068
Source:
Eganrealtygroup
Added: Mar 8
Changed: Oct 3
Last Checked: Oct 4 at 10:22AM
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 Berkshire Hathaway HomeServices Verani Realty
Investment Insights
Based on property information with market context.
Located at 46 Whittier Street, this two-family property extends across three levels and offers 1,951 square feet of living area. Built in 1881, the building retains period details alongside hardwood flooring, high ceilings, a fireplace, and generously sized living spaces. The first residence includes one bedroom, a kitchen with pantry, and connected dining and living areas. The upper residence occupies the second and third floors, with additional flexible space suitable for a home office and potential bedroom use.
The property includes a backyard that can accommodate gardening, outdoor relaxation, or entertaining. Its downtown Andover setting places the building near the commuter rail, major highways, Phillips Academy, coffee shops, restaurants, parks, and other downtown amenities.
The property includes a backyard that can accommodate gardening, outdoor relaxation, or entertaining. Its downtown Andover setting places the building near the commuter rail, major highways, Phillips Academy, coffee shops, restaurants, parks, and other downtown amenities.
Key Highlights
- 1,951 square feet across three levels
- Two‑family layout with one‑bedroom first‑floor unit
- Upper unit spans the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,867
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,340
$657.3K
Cap Rate 7%
$469,529
$469.5K
Cap Rate 9%
$365,189
$365.2K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$49.2K $25.20/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$47.0K $24.07/SF
− OpEx
−$14.1K −$7.22/SF
NOI
$32.9K $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%
$657,340
Cap Rate 7%
$469,529
Cap Rate 9%
$365,189
Alternative Uses
Best Use
Multifamily LT 5
$469.5K
$410.8K – $547.8K
NOI $32,867 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$423.8K
$370.9K – $494.5K
NOI $29,668 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,849 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,658
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct units offer flexible living areas, period character, and backyard space.
Where is this duplex located?
The property is located at 46 Whittier Street Andover, MA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1,951 square feet across three levels; Two‑family layout with one‑bedroom first‑floor unit; Upper unit spans the second and third floors
