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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 4 |
| Living area | 4,920 sqft |
| Lot size | 27,007 sqft |
| Year built | 1897 |
| Price / sqft | $305 |
| County | Essex |
| MLS # | 73580238 |
Listing status
| Days on market | 0 days |
| Listed on | September 21, 2026 |
Taxes & financials
| Annual property tax | $15,245 |
| Tax year | 2025 |
| Assessed value | $0 |
| Zoning | SRA |
| Gross income (actual) | $91,200/yr |
| Net operating income (actual) | $91,200/yr |
| Total actual rent | $7,600/mo |
Building & lot
| Stories | 12 |
| Total rooms | 28 |
| Lot size | 0.62 acres |
| Garage spaces | 0 |
| Parking spaces | 8 |
| Parking | Paved Drive, Assigned |
| Basement | Full, Walk-Out Access, Unfinished |
| Foundation | Concrete Perimeter |
| Roof | Rubber |
| Construction | Stone |
| Flooring | Wood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Dryer, Washer Hookup |
Location
More about investing in Andover →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 42-48 Red Spring Rd, Andover MA 01845 have?
It is a 4-unit multi-family property with 4,920 sqft of living area, built in 1897.
How long has 42-48 Red Spring Rd, Andover MA 01845 been on the market?
42-48 Red Spring Rd, Andover MA 01845 has been listed for 0 days (since September 21, 2026).
What is the price per unit?
At a list price of $1,499,999 across 4 units, that works out to roughly $375,000 per unit.
What are the property taxes on 42-48 Red Spring Rd, Andover MA 01845?
Annual property taxes are $15,245 (2025).
What is the price per square foot?
At $1,499,999 for 4,920 sqft, that's about $305 per square foot.
Is there parking?
8 total parking spaces (paved drive, assigned).
Where is this property located?
42-48 Red Spring Rd, Andover MA 01845 is in Andover, Essex County, MA 01845.
