42-48 Red Spring Rd Andover — Photo 1 of 26
$1,499,999
Investment Analysis — 42-48 Red Spring Rd
Andover, MA 01845
Based on rent reported on the MLS listing, a 4-unit multi-family in 01845 carries $7,600/mo in gross rent — about a 3.60% cap rate and $54,067/yr in estimated NOI at the $1,499,999 list price. Adjust every assumption in the calculator below.
Beds
12
Baths
4
SqFt
4,920
Style
4 Family - 4 Units Side by Side
Built
1897
Attention Investors! EXTREMELY Rare Andover opportunity featuring TWO two-family properties with a total of four townhouse-style units. Acquire four income-producing units in one transaction with strong rental and value-add potential. Ideal for buy-and-hold investors, portfolio expansion, renovations, or potential future condo conversion, subject to buyer due diligence and required approvals. Properties are being sold together. Don’t miss this unique multi-unit investment opportunity in Andover.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Pratt Properties Team
Listing Office: Century 21 North East
MLS® Number: 73580238
