Incredible opportunity to own a high-exposure mixed-use property in the heart of Andover’s thriving downtown district. 75 Essex Street is located within the MBTA Multi-Family Zoning District, which opens the door for potential conversion to multi-unit residential use, subject to local bylaws and approvals. This highly visible and versatile building is currently utilized as a mortgage office but is well-suited for a wide range of professional uses, including real estate, legal, insurance, mortgage brokerage, or general business operations. Just steps from the commuter rail and surrounded by active redevelopment, this property offers long-term value in one of the area’s most desirable commercial and residential areas. With the redevelopment coming to this prime location in Andover this property has strong market dynamics including great visibility, high foot traffic, and an established presence. Capitalize on the energy of a growing area that will evolve with your vision over time..
This home has been viewed 24 times
Last Checked: July 3rd, 2025 at 4:30am (Source: MLS PIN #73370396)
Gross Income: $0
Gross Expenses: $14,850
Net Income Calc: $14,850
CAP Rate: -1.75%
Annual Expenses for 75 Essex St, Andover MA 01810
Total Gross Expenses (Calculated)$14,850/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$14,850
Annual Income & Unit Breakdown for 75 Essex St, Andover MA 01810
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms3 Half
Floor1
Levels in Unit2
HeatingYes
Rent Includes
General Information for 75 Essex St, Andover MA 01810
Listing ID73370396
Property TypeMulti Family
Price$849,900 ($391.84/SqFt)
StyleMulti Family
CityAndover
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,169 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking10
Garage Parking
Year Built1916
Year Built SourcePublic Records
Year Renovated
Year Built DetailsUnknown/Mixed
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionBrick/Mortar
Accessible Features
Outdoor Space
ZoningMU
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 75 Essex St, Andover MA 01810
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosurebuyers and buyers agents do all diligence w town i
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 75 Essex St, Andover MA 01810
Real Estate Taxes$14,850
Tax Year2025
Assessed Value$610,900
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-1.75%
Location Information for 75 Essex St, Andover MA 01810
Elementary SchoolWest Elementary
Middle SchoolWest Middle
High SchoolAndover
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 75 Essex St, Andover MA 01810