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361-363 N Main St, Andover MA 01810

$1,850,000

Estimated $4,311/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $616,666.67

Total Rent: 141600/year

Estimated CAP Rate:

7 Bedrooms

Baths

3482

Total Parking: 12 (2 Garage)

19,301 (0.44)

Beautiful 3-unit multifamily in the heart of Shawsheen Village. Seller has made numerous upgrades and renovations and currently has a strong $11,800/month rent roll. This classic 2-story Dutch Colonial Gambrel blends character with modern improvements, making it an attractive opportunity for both investors and owner-occupants. The property features a diverse unit mix with rents ranging from a $2,300/month to $6,700/month, providing flexibility and strong income potential. With limited rental inventory in the area, this property stands out as a rare offering. Conveniently located with easy access to Route 495, Route 93, and downtown Andover, it offers both accessibility and the charm of the highly desirable Shawsheen Village neighborhood. Ideal for those seeking strong cash flow, long-term appreciation, or a live-in investment opportunity.

This home has been viewed 5 times

Last Checked: May 30th, 2026 at 4:29am (Source: MLS PIN #73497282)

Gross Income: $141,600

Gross Expenses: $20,739

Net Income Calc: $120,861

Water Views

Annual Expenses for 361-363 N Main St, Andover MA 01810

Total Gross Expenses (Calculated)$20,739/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax15739

Annual Income & Unit Breakdown for 361-363 N Main St, Andover MA 01810

Total Gross Income (Calculated)$141,600

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms3 Full

Floor1

Levels in Unit3

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

Rent Includes

General Information for 361-363 N Main St, Andover MA 01810

Listing ID73497282

Property TypeMulti Family / 3 Family

Price1850000 ($531.3/SqFt)

Style3 Family

CityAndover

CountyEssex

MLS AreaShawsheen Village

Neighborhood(s)

Approximate Living Area Total3482

Approximate Lot Size (Acres)0.44

Total Parking12 (2 Garage)

Garage Parking2

Year Built1917

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningSRA

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 361-363 N Main St, Andover MA 01810

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator And Some Personal Belongings

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 361-363 N Main St, Andover MA 01810

Real Estate Taxes15739

Tax Year2025

Assessed Value$1,260,100

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 361-363 N Main St, Andover MA 01810

Elementary SchoolWest El

Middle SchoolWest Middle

High SchoolAhs

Neighborhood(s)

MLS AreaShawsheen Village

Area AmenitiesWalk/jog Trails

Contact Information for 361-363 N Main St, Andover MA 01810

Agent

Name: Henry Gourdeau

Office

Name: Gibson Sotheby's International Realty

Phone: 978-526-0243

Payment Calculator

, Interest

Property Taxes 1311.58

Principal & Interest 11399.11

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Henry Gourdeau

Agent Phone

Office Phone

(978) 526-0243

Text Agent Call Agent Call Office

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    [description] => Beautiful 3-unit multifamily in the heart of Shawsheen Village.  Seller has made numerous upgrades and renovations and currently has a strong $11,800/month rent roll. This classic 2-story Dutch Colonial Gambrel blends character with modern improvements, making it an attractive opportunity for both investors and owner-occupants. The property features a diverse unit mix with rents ranging from a $2,300/month  to  $6,700/month, providing flexibility and strong income potential. With limited rental inventory in the area, this property stands out as a rare offering. Conveniently located with easy access to Route 495, Route 93, and downtown Andover, it offers both accessibility and the charm of the highly desirable Shawsheen Village neighborhood. Ideal for those seeking strong cash flow, long-term appreciation, or a live-in investment opportunity.
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    [unparsed] => 361-363 N Main St, Andover MA 01810
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EXIT

38 More Photos

Withdrawn

361-363 N Main St, Andover MA 01810

$1,850,000

Annual Expenses for 361-363 N Main St, Andover MA 01810

Annual Income & Unit Breakdown for 361-363 N Main St, Andover MA 01810

General Information for 361-363 N Main St, Andover MA 01810

Disclosures for 361-363 N Main St, Andover MA 01810

Financial Information for 361-363 N Main St, Andover MA 01810

Location Information for 361-363 N Main St, Andover MA 01810

Contact Information for 361-363 N Main St, Andover MA 01810

Agent

Office

Payment Calculator

Exclusive Listing Agent

Gibson Sotheby's International Realty

Henry Gourdeau