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42-48 Red Spring Rd, Andover MA 01845

$1,499,999

Estimated $3,703/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $374,999.75

Total Rent: 91200/year

Estimated CAP Rate:

12 Bedrooms

Baths

27129

Total Parking: 8

27,007 (0.62)

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.

This home has been viewed 3 times

Last Checked: September 21st, 2026 at 8:08pm (Source: MLS PIN #73580238)

Gross Income: $91,200

Gross Expenses: $15,245

Net Income Calc: $75,955

Annual Expenses for 42-48 Red Spring Rd, Andover MA 01845

Total Gross Expenses (Calculated)$15,245/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax15245

Annual Income & Unit Breakdown for 42-48 Red Spring Rd, Andover MA 01845

Total Gross Income (Calculated)$91,200

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit3

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit3

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit3

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit3

Rent Includes

General Information for 42-48 Red Spring Rd, Andover MA 01845

Listing ID73580238

Property TypeMulti Family / 4 Family

Price1499999 ($55.29/SqFt)

Style4 Family - 4 Units Side By Side

CityAndover

CountyEssex

Neighborhood(s)

Approximate Living Area Total27129

Approximate Lot Size (Acres)0.62

Total Parking8

Garage Parking0

Year Built1897

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningSRA

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 42-48 Red Spring Rd, Andover MA 01845

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher & Dryer Are Negotiable

Financial Data Source

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 42-48 Red Spring Rd, Andover MA 01845

Real Estate Taxes15245

Tax Year2025

Assessed Value$0

Financial Data Source

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 42-48 Red Spring Rd, Andover MA 01845

Neighborhood(s)

Area Amenities

Contact Information for 42-48 Red Spring Rd, Andover MA 01845

Agent

Name: Pratt Properties Team

Office

Name: Century 21 North East

Phone: 781-286-8900

Team Members

Name: Eylen Arbelaez

Name: Pratt Properties Team

Payment Calculator

, Interest

Property Taxes 1270.42

Principal & Interest 9242.52

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Pratt Properties Team

Agent Phone

Office Phone

(781) 286-8900

Text Agent Call Agent Call Office

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    [description] => 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.
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    [unparsed] => 42-48 Red Spring Rd, Andover MA 01845
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[raw] => 
)

EXIT

23 More Photos

Active

42-48 Red Spring Rd, Andover MA 01845

$1,499,999

Annual Expenses for 42-48 Red Spring Rd, Andover MA 01845

Annual Income & Unit Breakdown for 42-48 Red Spring Rd, Andover MA 01845

General Information for 42-48 Red Spring Rd, Andover MA 01845

Disclosures for 42-48 Red Spring Rd, Andover MA 01845

Financial Information for 42-48 Red Spring Rd, Andover MA 01845

Location Information for 42-48 Red Spring Rd, Andover MA 01845

Contact Information for 42-48 Red Spring Rd, Andover MA 01845

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Century 21 North East

Pratt Properties Team