$1,599,000
10
Beds
5/1
Baths
3,884
Living Area
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Property Description
The property currently generates approximately $141,132 in gross annual rental income with net income of $120,111, providing strong in-place cash flow. This 5-unit multi-family investment at 94 Main Street in North Andover offers 10 bedrooms and 5 full, 1 half bath across approximately 3,884 sq ft of living space. The units feature a mix of 1-, 2-, and 3-bedroom layouts. Situated on a 0.22-acre corner lot, the property includes 10 off-street parking spaces, a full unfinished basement, vinyl exterior, asphalt shingle roof, and city water and sewer. Conveniently located near public transportation, shopping, parks, and major highway access. Annual operating data available. A strong opportunity for investors seeking a well-located, income-producing asset in the North Andover market.
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
- Parking Spots: 10
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 20
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator
- Construction: Frame
- Foundation: Stone
- Lot Features: Corner Lot
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Gb
- Basement: Full, Unfinished
- Flooring: Laminate
- Interior Features: Bathroom with Shower Stall, Living Room, Kitchen, Dining Room
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Highway Access
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $967,900
- Taxes: $10,899
- Tax Year: 2025
- Total Rent: $12,484
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Listing information provided courtesy of Lillian Montalto Signature Properties.
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