42-48 Red Spring Rd, Andover MA 01845
Andover, MA 01845
$14,999,999
$1,499,999
Est. $9,055/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 21, 2026
$1,499,999
Original listing
Agent: Pratt Properties Team
Office: Century 21 North East
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/21/2026 | 🏠 Listed for Sale | $1,499,999 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $15,245 | $0 |
Financial Details
Annual Property Tax
$15,245
Tax Year 2025
Assessed Value
$0
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family - 4 Units Side by Side
Year Built
1897
Living Area
27,129 sq ft
Lot Size
0.62 acres
Stories
12
Bedrooms
12
Full Baths
4
Total Rooms
28
Investment Metrics
Units
4
Unit 1 Rent
$2,000/mo · N
Unit 2 Rent
$2,000/mo · N
Unit 3 Rent
$1,600/mo · N
Unit 4 Rent
$2,000/mo · N
Total Monthly Rent
$7,600/mo
Gross Income
$91,200
Net Operating Income
$91,200
Cap Rate
6.08%
Interior
Heating
None
Cooling
None
Flooring
Wood
Appliances
None
Fireplace
None
Basement
Full, Walk-out Access, Unfinished
Laundry
Electric Dryer Hookup, Washer Hookup
Features
None
Exterior
Construction
Stone
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
None
Parking
Features
Paved Drive, Assigned
Total Spaces
8
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$15,245
Assessed Value
0.00
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Tenant At Will On All Units
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
beige
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
4 Family - 4 Units Side by Side
Listing Type
For Sale
Year Built
1897
Bedrooms
12
Full Bathrooms
4
Living Area
27,129 sq ft
Total Rooms
28
Stories
12
Levels
12
Floor Layout
Interactive room guide
Floor Layout
Finished Area
27,129 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Interior Features:
Windows:
Basement:
Full, Walk-Out Access, Unfinished
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1897
Structure Type:
Exterior Materials:
Stone
Roof:
Rubber
Foundation:
Concrete Perimeter
Stories:
12
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Fenced
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
8
Parking Features:
Paved Drive, Assigned
Nearby Schools
School District
Andover School District local
A+
School Safety
2024-25
0.4%
Low
0.4%
Suspensions
0.1%
In-School
5.1% below state avg
Elementary Schools
10 schools
Saint Augustine School
0.4 mi
Grades PK-08
The Pike School Inc
1.8 mi
Grades PK-09
Anderson School
2.3 mi
Grades PK-07
Andover School of Montessori
2.6 mi
Grades PK-08
Melmark New England School
5.0 mi
Grades PK-12
Shawsheen School
1.4 mi
104 students
Diverse
Diverse Student Body
Grades PK
A
West Elementary School
1.4 mi
|
#134 of 825
|
Score: 57.5
Improved 143 spots from last year
-0.7 below state avg
594 students
Diverse
Rising School
Strong Attendance
Grades K-05
A+
Henry C Sanborn Elementary School
1.7 mi
|
#26 of 825
|
Score: 64.3
Improved 15 spots from last year
+6.1 above state avg
308 students
Diverse
Strong Attendance
Grades K-05
A+
South Elementary School
2.0 mi
|
#58 of 825
|
Score: 61.5
Dropped 8 spots from last year
+3.3 above state avg
420 students
Diverse
Strong Attendance
Grades K-05
A+
High Plain Elementary School
3.1 mi
|
#52 of 825
|
Score: 62.3
Improved 47 spots from last year
+4.1 above state avg
500 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
Middle Schools
3 schools
A
Andover West Middle School
0.3 mi
|
#52 of 352
|
Score: 56.4
Dropped 36 spots from last year
-1.8 below state avg
478 students
Diverse
Strong Attendance
Grades 06-08
A
Doherty Middle School
0.7 mi
|
#42 of 352
|
Score: 58.4
Improved 12 spots from last year
+0.2 above state avg
484 students
Moderate
Strong Attendance
Grades 06-08
A
Wood Hill Middle School
3.6 mi
|
#69 of 352
|
Score: 53.5
Dropped 38 spots from last year
-4.7 below state avg
336 students
Diverse
Diverse Student Body
Strong Attendance
Grades 06-08
High Schools
3 schools
A+
Andover High School
0.4 mi
|
#24 of 346
|
Score: 72.9
Improved 10 spots from last year
+14.7 above state avg
1,578 students
Diverse
20 sports
• 2,968 athletes
Strong AP Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
Phillips Academy
1.1 mi
Grades 09-12
B+
Greater Lawrence Regional Vocational Technical School
3.8 mi
|
#137 of 346
|
Score: 57.4
Improved 51 spots from last year
-0.9 below state avg
1,893 students
Moderate
High Graduation Rate
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,270
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
42-48 Red Spring Rd, Andover MA 01845
Andover, MA 01845
Listing Information
Listing Agent
Pratt Properties Team
Listing Office
Century 21 North East
Office Phone
781-286-8900
Agent MLS ID
TM341629
Office MLS ID
AN4347
Listing Data Updated
Sep 21, 2026 10:37 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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