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    North Andover, MA
    Residential Income

    North Andover, MA Residential Income Properties for Sale

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    Andover, MA Lawrence, MA Middleton, MA Methuen, MA North Reading, MA Groveland, MA Boxford, MA Haverhill, MA
    Five-Unit Multifamily Income Property
    Updated: Feb 11
    Five-Unit Multifamily Income Property

    94 Main Street, North Andover, MA 01845

    $1,599,000
    3,884 sqft
    Generates approximately $141,132 in gross annual rental income with approximately $120,111 in net income
    5‑unit multifamily with 10 bedrooms and 5 full, 1 half baths across approximately 3,884 sq ft
    Unit mix includes 1-, 2-, and 3‑bedroom layouts
    On a 0.22‑acre corner lot with 10 off‑street parking spaces
    Full unfinished basement; vinyl exterior and asphalt shingle roof
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    This listing looks promising.

    Here's a quick look at some key insights for

    94 Main Street, North Andover, MA 01845

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    • Est. Cap Rate

      3.7%
      NOI ÷ price

    • Est. NOI

      $59K
      Annual

    • Price @ 7% Cap

      $844K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1900
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    Five-Unit Multifamily Investment
    Updated: Feb 8
    Five-Unit Multifamily Investment

    94 Main St, North Andover, MA 01845

    $1,650,000
    3,884 sqft 0.22 AC lot
    5‑unit multi‑family at 94 Main Street in North Andover with mixed 1-, 2-, and 3‑bedroom layouts
    Approximately $142,317 gross annual rental income and $121,296 net income reported
    10 bedrooms and 5 full baths plus 1 half bath across approximately 3,884 sq ft of living space
    0.22‑acre corner lot with 10 off‑street parking spaces
    Full unfinished basement; vinyl exterior; asphalt shingle roof; city water and sewer
    View details
    Two-Unit Duplex with Private Entrances
    Two-Unit Duplex with Private Entrances

    38-40 Pleasant, North Andover, MA 01845

    $850,000
    2,227 sqft

    Duplex offering two separate units with private entrances, basements, and in-unit washer and dryer for each side.

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    Residential Income Duplex Home
    Residential Income Duplex Home

    247 Osgood Street, North Andover, MA 01845

    $799,900
    2,030 sqft

    One-level residence plus updated accessory rental unit, featuring an eat-in kitchen, deck access, and an inground pool on a large lot.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in North Andover, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Renovated Duplex
    Fully Renovated Duplex

    70 Marston Street, Lawrence, MA 01841

    $699,900
    1,746 sqft

    Turnkey two-family duplex with separate utilities, central heat and air, in-unit laundry hookups, and ample off-street parking.

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    Corner Residential Income Property
    Corner Residential Income Property

    174 Haverhill St, Andover, MA 01810

    $589,900

    Two-bedroom layout with two full baths, private balcony, garage parking, and in-unit laundry.

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    Three-Bedroom Residential Income Property
    Three-Bedroom Residential Income Property

    3 Longwood Dr, Andover, MA 01810

    $409,000

    Condominium with a private patio, flexible living space, and heat and hot water included in the condo fee.

    View details
    Spacious Duplex with Modern Amenities
    Spacious Duplex with Modern Amenities

    52 Howard St, Lawrence, MA 01841

    $719,000
    0.24 AC lot

    Two expansive units with modern amenities and energy efficiency.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Methuen Historic District Land Opportunity
    Methuen Historic District Land Opportunity

    281 Broadway, Methuen, MA 01844

    $750,000
    0.50 AC lot

    Half acre in historic district near I-93 and New Hampshire.

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    Development Opportunity on Andover Street
    Development Opportunity on Andover Street

    1575 Andover St, Tewksbury, MA 01876

    $2,000,000
    2.10 AC lot

    Two parcels totaling over 2.1 acres for development.

    View details
    Haverhill Land with Lake Views
    Haverhill Land with Lake Views

    90 Amesbury Road, Haverhill, MA 01830

    $425,000
    3.97 AC lot

    Four acres of land with Kenoza Lake and Snow's Brook views.

    View details
    Groveland Land Parcel For Sale
    Groveland Land Parcel For Sale

    85 Main St, Groveland, MA 01834

    $409,900
    1.39 AC lot

    Large Groveland lot approved for single or two-family use.

    View details

    Off-Market Properties in North Andover, MA

    Consider similar Off-Market properties in North Andover, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1275 Tpke St
    BOARDING/ROOMING HOUSE

    1275 Tpke St, North Andover, MA 01845-6141

    $26,045,000
    Estimated value
    169,008 sqft 33.35 AC lot
    View details

    North Andover, MA Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in North Andover, MA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 12,025 square feet of properties for sale, with an estimated market value of $4,898,900.

    Sale prices for residential income properties in North Andover, MA start at $799,900, averaging $1,224,725, and reaching up to $1,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 5
    Apartment buildings 2
    Duplexes 2
    Short term rental properties 1

    Demographics Overview

    Population 32K
    Population Growth (5Y) +4.2%
    Median Household Income $134,319
    College Educated 89.6%

    High-Yield Neighborhoods for Investment

    Identify North Andover submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01845 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.51%
    Property Tax per SF $12.60 per SF
    Tax Rate vs County Average 0.19 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

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