Active
4 Days on market
42-48 Red Spring Rd Andover — Photo 1 of 26

42-48 Red Spring Rd Andover — Photo 1 of 26

$1,499,999

42-48 Red Spring Rd, Andover, MA 01845

Andover, MA 01845

Beds

12

Baths

4

SqFt

4,920

Style

4 Family - 4 Units Side by Side

Built

1897

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.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$305/sqft
Local Avg (Andover)$393/sqft
22% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Andover, MA.

Property Details

Financials

Original Price$14,999,999
Annual Taxes$15,245

Parking

Garage0
Off-Street8

Interior Specifications

Total Rooms28
FireplacesNone
FlooringWood
BasementFull, Walk-Out Access, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
RoofRubber
FoundationConcrete Perimeter
ZoningSRA

Property & Lot

Acres0.62
SqFt Lot27,007
Lot Features--

Geography

Population

32,494

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$141K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

30.2%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Full Andover, MA market report ZIP 01845 market data
Listing Provided By

Listing Agent: Pratt Properties Team

Listing Office: Century 21 North East

MLS® Number: 73580238

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