NOT LISTED FOR SALE

19 E Water St North Andover, MA 01845

11 Beds
6 Baths
4,224 Sq Ft
0.52 Acres

Last Sold February 10, 2023

Last sale price $1,300,000 $308 Per Sq Ft

31 Days on Market

About This Home

As of February 2023

19-29 E Water Street is a 2-story, multi-family building with six (6) total units, consisting of four (4) 2-Bedroom/1-Bathroom units, one (1) 2+Bedroom/1-Bathroom unit, and one (1) 1-Bedroom/1 Bathroom unit with 4,224 square feet of living area in 6,336 total gross square feet on a 0.521-acre parcel. The building features off-street parking and a 3-car garage which is rented for additional income. The units are separately metered for electricity and the landlord is responsible for heat in five of the six units. The current rents in the Property are below market rates and offer the opportunity to increase rents to market rates via programmatic updates to the unrenovated units (5). All units are direct-entry townhouse style units.

Last Agent to Sell the Property

Spencer Norton

Horvath & Tremblay Listed on: 09/26/2022

Last Buyer's Agent

Spencer Norton

Horvath & Tremblay Listed on: 09/26/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,724

Year Built

  • Built in 1900

Lot Details

  • 0.52

Parking

  • 3 Car Garage

Home Design

  • 4,224 Sq Ft Home
  • Brick Foundation
  • Stone Foundation

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Additional Features

  • Bulkhead
  • 0.52 Acre Lot

Listing and Financial Details

  • Total Actual Rent $8,850
  • Assessor Parcel Number 2068996

Community Details

Overview

  • 6 Units
  • Property has 2 Levels

Building Details

  • Operating Expense $38,876
  • Net Operating Income $72,724

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,724

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Side by Side
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 10

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen,Office/Den), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Total Bedrooms: 11
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Bulkhead
  • Living Area: 4224
  • Stories Total: 10
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 319.6
  • PRICE PER Sq Ft: 307.77
  • MAIN SO: AN2723

Exterior Features

  • Foundation Details: Stone, Brick/Mortar
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking Spaces: 3
  • Garage YN: Yes
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: 2068996
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.52
  • Lot Size Area: 0.52
  • Lot Size Sq Ft: 22699
  • Lot Size Units: Acres
  • PAGE: 184
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11724
  • Tax Book Number: 16649

Multi Family

  • Gross Income: 111600
  • Net Operating Income: 72724
  • Number Of Units Total: 6
  • Operating Expense: 38876
  • Total Actual Rent: 8850
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 2: 2
  • LEVELS 3: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 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
02/10/2023 02/10/23 Sold $1,300,000 -3.7% $308 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $1,350,000 -- $320 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Spencer Norton

    Seller's Agent in 2023

    Spencer Norton

    Horvath & Tremblay

    (781) 776-4524

    3 in this area

    14 Total Sales

    Spencer Norton
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73040847

MLS Property Information Network (MLS PIN)

APN: NAND M:00069 B:00010 L:00000

Massachusetts Essex County North Andover 01845

19 E Water St, North Andover, MA

This home is located at 19 E Water St, North Andover, MA 01845 since 26 September 2022. This property was built in 1900. 19 E Water St is a home located in Essex County with nearby schools including Atkinson Elementary School, North Andover Middle School, and North 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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