42-48 Red Spring Rd Andover — Photo 1 of 26
$1,499,999
42-48 Red Spring Rd, Andover, MA 01845
Andover, MA 01845
Beds
12
Baths
4
SqFt
27,129
Style
4 Family - 4 Units Side by Side
Built
1897
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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Market Value Analysis
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Andover, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Population
32,494
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$141K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
30.2%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Pratt Properties Team
Listing Office: Century 21 North East
MLS® Number: 73580238
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