361-363 N Main St Andover, MA 01810
Shawsheen Heights NeighborhoodEstimated payment $11,791/month
Highlights
- Golf Course Community
- Medical Services
- Wood Flooring
- West Elementary School Rated A-
- Property is near public transit and schools
- Attic
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,739
Year Built
- Built in 1917
Lot Details
- 19,301 Sq Ft Lot
- Fenced
- Sprinkler System
- Garden
Parking
- 2 Car Garage
- Driveway
- 8 Open Parking Spaces
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2 Fireplaces
- Wood Burning Fireplace
- Mud Room
- Family Room
- Combination Dining and Living Room
- Storage
- Washer and Dryer
- Finished Basement
- Interior Basement Entry
- Attic
Kitchen
- Oven
- Range
- Microwave
- Freezer
- Dishwasher
- Solid Surface Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
- Bathtub with Shower
- Separate Shower
Schools
- West El Elementary School
- West Middle School
- AHS High School
Utilities
- Forced Air Heating and Cooling System
- 1 Cooling Zone
- 3 Heating Zones
- 220 Volts
Additional Features
- Porch
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number M:00052 B:00028 L:00000,1838575
Community Details
Overview
- 3 Units
- Near Conservation Area
- Property has 3 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $30,000
- Net Operating Income $129,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,739 | $1,260,100 | $381,000 | $879,100 |
| 2024 | $13,243 | $1,028,200 | $376,600 | $651,600 |
| 2023 | $11,592 | $848,600 | $348,700 | $499,900 |
| 2022 | $10,100 | $691,800 | $295,300 | $396,500 |
| 2021 | $9,659 | $631,700 | $268,500 | $363,200 |
| 2020 | $9,051 | $603,000 | $262,000 | $341,000 |
| 2019 | $8,640 | $565,800 | $254,300 | $311,500 |
| 2018 | $8,249 | $527,400 | $239,800 | $287,600 |
| 2017 | $7,408 | $488,000 | $235,100 | $252,900 |
| 2016 | $6,792 | $458,300 | $235,100 | $223,200 |
| 2015 | $6,725 | $449,200 | $226,000 | $223,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/07/2026 04/07/26 | For Sale | $1,895,000 | +45.8% | $544 / Sq Ft | |
| 09/28/2022 09/28/22 | Sold | $1,300,000 | -13.2% | $373 / Sq Ft | View Prior Sale |
| 08/06/2022 08/06/22 | Pending | -- | -- | -- | |
| 08/05/2022 08/05/22 | For Sale | $1,497,000 | -- | $430 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $303,000 | -- | |
| Deed | $303,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $290,000 | No Value Available | |
| Previous Owner | $242,400 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73497282
APN: ANDO-000052-000028
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