A rare opportunity in the heart of Downtown Andover, this side-by-side multifamily offers two expansive townhouse-style residences—each with four bedrooms, one and a half baths, and over three levels of thoughtfully curated living space. The main floors feature open-concept ...
This home has been viewed 4 times
Last Checked: June 18th, 2025 at 4:29am (Source: MLS PIN #73389309)
Gross Income: $48,000
Gross Expenses: $12,304
Net Income Calc: $35,696
CAP Rate: 2.55%
Annual Expenses for 59-61 Elm St, Andover MA 01810
Total Gross Expenses (Calculated)$12,304/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$12,304
Annual Income & Unit Breakdown for 59-61 Elm St, Andover MA 01810
Total Gross Income (Calculated)$48,000
Unit 1
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit4
HeatingYes
Rent Includes
Unit 2
Rental Income$4,000
LeaseY
Bedrooms4
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit4
HeatingYes
Rent Includes
General Information for 59-61 Elm St, Andover MA 01810
Listing ID73389309
Property TypeMulti Family / 2 Family
Price$1,400,000 ($405.44/SqFt)
Style2 Family - 2 Units Side By Side
CityAndover
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total3,453 SqFt
Approximate Lot Size (Acres)0.16 acres
Total Parking4
Garage Parking
Year Built1890
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceDeck, Porch
ZoningSRA
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 59-61 Elm St, Andover MA 01810
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$48,000
Total Net Income By Broker$48,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 59-61 Elm St, Andover MA 01810
Real Estate Taxes$12,304
Tax Year2024
Assessed Value$955,300
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$48,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$48,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.55%
Location Information for 59-61 Elm St, Andover MA 01810
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 59-61 Elm St, Andover MA 01810