Active
191 Days on market
94 Main St North Andover — Photo 1 of 30

94 Main St North Andover — Photo 1 of 30

Recent Drop: $201,000

$1,800,000
$1,599,000

$1,599,000

94 Main St, North Andover, MA 01845

North Andover, MA 01845

Beds

10

Baths

5.5

SqFt

3,884

Style

5+ Family - 5+ Units Up/Down

Built

1900

The property currently generates approximately $141,132 in gross annual rental income with net income of $120,111, 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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$412/sqft
Local Avg (North Andover)$357/sqft
15% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within North Andover, MA.

Property Details

Financials

Original Price$1,800,000
Annual Taxes$10,899

Parking

Garage0
Off-Street10

Interior Specifications

Total Rooms20
FireplacesNone
FlooringLaminate
BasementFull, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningGB

Property & Lot

Acres0.22
SqFt Lot9,396
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Highway Access

Geography

Property History

Expired
$3,200

Jul 5, 2026

MLS® 73483331

Price Drop
$1,599,000

Was $1,650,000

Jun 5, 2026

MLS® 73481931

Price Drop
$1,650,000

Was $1,800,000

Apr 7, 2026

MLS® 73481931

Listed
$3,200

Mar 5, 2026

MLS® 73483331

Listed
$1,800,000

Mar 3, 2026

MLS® 73481931

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

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Team Lillian Montalto

Listing Office: Lillian Montalto Signature Properties

MLS® Number: 73481931

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