94 Main St North Andover, MA 01845
Estimated payment $10,526/month
Highlights
- Property is near public transit
- Corner Lot
- Park
- North Andover High School Rated A-
- Living Room
- Shops
About This Home
The property currently generates approximately $142,317 in gross annual rental income with net income of $121,296, providing strong in-place cash flow. This 5-unit multi-family investment at 94 Main Street in North Andover offers 10 bedrooms and 5 full, 1 half bath across approximately 3,884 sq ft of living space. The units feature a mix of 1-, 2-, and 3-bedroom layouts. Situated on a 0.22-acre corner lot, the property includes 10 off-street parking spaces, a full unfinished basement, vinyl exterior, asphalt shingle roof, and city water and sewer. Conveniently located near public transportation, shopping, parks, and major highway access. Annual operating data available. A strong opportunity for investors seeking a well-located, income-producing asset in the North Andover market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,899
Year Built
- Built in 1900
Lot Details
- 9,396 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,884 Sq Ft Home
- Living Room
- Dining Room
- Laminate Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
- Separate Shower
Parking
- 10 Car Parking Spaces
- Driveway
- 10 Open Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
Schools
- Thomson Elementary School
- North Andover Middle School
- North Andover High School
Listing and Financial Details
- Assessor Parcel Number M:00029 B:00026 L:00000,2065827
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Shops
Recreation
- Park
Building Details
- Operating Expense $21,021
- Net Operating Income $121,296
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 | $10,899 | $967,900 | $297,700 | $670,200 |
| 2024 | $9,951 | $897,300 | $280,200 | $617,100 |
| 2023 | $10,388 | $848,700 | $257,400 | $591,300 |
| 2022 | $10,065 | $743,900 | $231,100 | $512,800 |
| 2021 | $7,788 | $549,600 | $210,100 | $339,500 |
| 2020 | $7,552 | $549,600 | $210,100 | $339,500 |
| 2019 | $7,329 | $546,500 | $210,100 | $336,400 |
| 2018 | $7,941 | $546,500 | $210,100 | $336,400 |
| 2017 | $6,550 | $458,700 | $172,100 | $286,600 |
| 2016 | $6,456 | $452,400 | $168,800 | $283,600 |
| 2015 | $6,552 | $455,300 | $147,300 | $308,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/03/2026 03/03/26 | For Sale | $1,800,000 | 0.0% | $463 / Sq Ft | |
| 02/07/2018 02/07/18 | Rented | $1,200 | 0.0% | -- | |
| 02/06/2018 02/06/18 | Under Contract | -- | -- | -- | |
| 01/29/2018 01/29/18 | For Rent | $1,200 | 0.0% | -- | |
| 03/10/2017 03/10/17 | Sold | $576,000 | -4.0% | $185 / Sq Ft | View Prior Sale |
| 01/11/2017 01/11/17 | Pending | -- | -- | -- | |
| 11/20/2016 11/20/16 | For Sale | $599,999 | -- | $193 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73481931
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