NOT LISTED FOR SALE

126 Main St Andover, MA 01810

31 Beds
27.5 Baths
17,500 Sq Ft
1.15 Acres

Last Sold November 22, 2021

Last sale price $5,675,000 $324 Per Sq Ft

12 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Park
  • Bancroft Elementary School Rated A-
  • Patio
  • Shops

About This Home

As of November 2021

This iconic corner, just 1 block from Phillips Academy and downtown, can now be the crown jewel in your investment portfolio. Available for the 1st time in 75 years, this package consists of 126 Main St, 130 Main St, and 16 Morton St, 3 buildings totaling 27 rental units, plus 5 garages. There are 4 two bedroom units, 5 studios, and 18 one bedroom units. All gas boilers were replaced in 2019, heat is included in the rent. All roofs are in great shape. 15 units have been renovated down to studs in the last 5 years. Basements are IMMACULATE. The grounds are lush, and pristine. Roughly 30 spots for parking plus ample room to expand. All rents are well below market rate. All occupants are tenant at will. Seller will review offers on Sept 10.

Last Listed By

Matt McLennan

Century 21 McLennan & Company Listed on: 09/01/2021

Century 21 McLennan & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,978

Year Built

  • Built in 1900

Lot Details

  • 1.15 Acre Lot
  • Corner Lot
  • Level Lot

Parking

  • 5 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 17,500 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 31 Bedrooms

Outdoor Features

  • Patio

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $24,850

Community Details

Recreation

  • Park

Additional Features

  • 27 Units
  • Shops
  • Net Operating Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,978

Year Built

Built in 1900

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 31
  • Full Bathrooms: 27
  • Half Bathrooms: 1
  • Total Bathrooms: 28
  • Total Bathrooms: 27.5
  • Basement: Full
  • Living Area: 17500
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: G46000
  • LIST PRICE PER Sq Ft: 297.14
  • PRICE PER Sq Ft: 324.29
  • MAIN SO: G46000

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 5
  • Covered Parking Spaces: 5
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 30

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, Private School, Public School, T-Station

Lot Info

  • Zoning: SRA
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 1.15
  • Lot Size Area: 1.15
  • Lot Size Sq Ft: 50093.999999
  • Lot Size Units: Acres
  • LOT SIZE: 50120
  • PAGE: 249

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 52978
  • Tax Book Number: 95

Multi Family

  • Gross Income: 33600
  • Net Operating Income: 33600
  • Number Of Units Total: 27
  • Total Actual Rent: 24850
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $5,675,000 +9.1% $324 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $5,200,000 -- $297 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matt McLennan

    Seller's Agent in 2021

    Matt McLennan

    Century 21 McLennan & Company

    (978) 660-3135

    160 Total Sales

    Matt McLennan
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72888792

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Andover 01810

126 Main St, Andover, MA

Homes for Sale in Andover, MA

This home is located at 126 Main St, Andover, MA 01810 since 01 September 2021. This property was built in 1900. 126 Main St is a home located in Essex County with nearby schools including Bancroft Elementary School, Doherty Middle School, and Andover High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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