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94 Main St, North Andover MA 01845

North Andover, MA 01845
$1,800,000
$1,599,000
Est. $9,194/month
10
Beds
5.5
Baths
3,884
Sq Ft
$412
Price/Sq Ft
0.22
Acres
1900
Year Built
10
Parking
129
Days on Market
Active Price Drop -$201,000 Open House Listed Mar 3, 2026 • MLS# 73481931 Copied! • Updated Jun 30, 2026

Open House Schedule

12
Jul
Sunday, July 12
11:00 AM - 1:00 PM EDT

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.

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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
68%
Price Range
1
Previous Sales

Property Timeline

Price Reduced
Jun 5, 2026
$1,599,000 $51,000 (-3.09%)
From $1,650,000 to $1,599,000 (-3.1%)
Price Reduced
Apr 7, 2026
$1,650,000 $150,000 (-8.33%)
From $1,800,000 to $1,650,000 (-8.3%)
🏠
Listed for Sale
Mar 3, 2026
$1,800,000
Original listing
Agent: Team Lillian Montalto Office: Lillian Montalto Signature Properties
Previous Transaction - MLS #72095195
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 10, 2017
$576,000
MLS #72095195

Tax History

Year Taxes Assessment
2025 $10,899 $967,900

Financial Details

Annual Property Tax
$10,899
Tax Year 2025
Assessed Value
$967,900

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1900
Living Area 3,884 sq ft
Lot Size 0.22 acres
Bedrooms 10
Full Baths 5
Half Baths 1
Total Rooms 20

Investment Metrics

Units 5
Unit 1 Rent $2,575/mo · N
Unit 2 Rent $3,130/mo · N
Unit 3 Rent $2,125/mo · Y
Unit 4 Rent $2,204/mo · Y
Total Monthly Rent $10,034/mo
Gross Income $142,317
Net Operating Income $121,296
Operating Expenses $21,021
Cap Rate 7.59%
Heating None
Cooling None
Flooring Laminate
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement Full, Unfinished
Laundry None
Features Bathroom With Shower Stall, Living Room, Kitchen, Dining Room
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Off Street
Total Spaces 10
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,899
Assessed Value $967,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Buyers Responsible For Own Due Diligence
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures Broker not responsible for discrepancies in SF
Documents None
County Essex
Total market time (incl. prior listings) 119 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
10
Full Bathrooms
5
Half Bathrooms
1
Living Area
3,884 sq ft
Total Rooms
20
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Laminate
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features: Bathroom with Shower Stall, Living Room, Kitchen, Dining Room
Windows:
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 10
Parking Features: Paved Drive, Off Street
School District
North Andover School District local
A-
🎓 Where Graduates Go Class of 2021
77% attend college
68% 4-Year 9% 2-Year 36% Out of State 4% Working
School Safety 2024-25
0.6% Low
0.6% Suspensions 0.1% In-School
4.9% below state avg
E

Elementary Schools

6 schools
St. Michael Elementary School
0.3 mi
Grades PK-08
Anne Bradstreet Early Childhood Center
1.1 mi
462 students Moderate
Grades PK-K
C
Atkinson School
1.2 mi | #660 of 824 | Score: 38.0
Dropped 28 spots from last year
-20.2 below state avg
274 students Diverse
Diverse Student Body
Grades 01-05
B+
Franklin School
2.0 mi | #324 of 824 | Score: 50.0
Dropped 42 spots from last year
-8.2 below state avg
383 students Moderate
Strong Attendance
Grades 01-05
B+
Annie L Sargent School
2.9 mi | #269 of 824 | Score: 51.9
Improved 6 spots from last year
-6.3 below state avg
441 students Moderate
Strong Attendance
Grades 01-05
Meritor Academy
3.4 mi
Grades PK
M

Middle Schools

1 school
A-
North Andover Middle School
1.0 mi | #86 of 352 | Score: 51.2
Improved 26 spots from last year
-7 below state avg
1,023 students Diverse
Rising School Strong Attendance
Grades 06-08
H

High Schools

2 schools
A
North Andover High School
0.8 mi | #54 of 346 | Score: 66.6
Improved 33 spots from last year
+8.4 above state avg
1,328 students Diverse
21 sports • 2,578 athletes
Strong AP Program High Graduation Rate Rising School Career Tech Programs
Grades 09-12
Brooks School
2.2 mi
Grades 09-12
Learn about these ratings

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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $908
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

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Current Rate
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Payment Over Time

Interest
Principal
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

94 Main St, North Andover MA 01845

North Andover, MA 01845

Listing Information

Listing Agent Team Lillian Montalto
Listing Office Lillian Montalto Signature Properties
Office Phone 978-475-1400
Agent MLS ID TM338007
Office MLS ID G62122
Listing Data Updated Jun 30, 2026 3:05 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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