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.
| MLS # | 73481931 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 174 |
| Listing Provided By | Lillian Montalto Signature Properties | Team Lillian Montalto |
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,884 |
| Basement | Y |
| Story(s) | 5 |
| Units | 5 |
| Zoning | GB |
| Acreage | 0.22 |
| Rooms Total | 20 |
|---|---|
| Interior Features | Bathroom with Shower Stall, Living Room, Kitchen, Dining Room |
| Appliances | Range, Dishwasher, Microwave, Refrigerator |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Laminate |
| Roof | Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Stone |
| Lot Features | Corner Lot |
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street |
| Open Parking Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Tax Annual Amount | 10899 |
|---|---|
| Tax Assessed Value | 967900 |
| Tax Year | 2025 |
| Community Features | Public Transportation, Shopping, Park, Highway Access |
|---|---|
| Senior Community Yes / No | No |
| State | MA |
|---|---|
| County | Essex |
| City | North Andover |
| Zip Code | 01845 |
| Area | Essex |
| School District | North Andover High School |
| Elementary School | Thomson Elementary School |
| High School | North Andover High School |
| Listing VS Median (in 01845) | |
Price: $1,599,000 low | high Med: $564,450 sqft: 3,884 low | high Med: 1,461 $ / sqft: $412 low | high Med: $400 On site: 174 low | high Med: 68.5 | |
| State | MA |
|---|---|
| County | Essex |
| City | North Andover |
| Zip Code | 01845 |
| Area | Essex |
| School District | North Andover High School |
| Elementary School | Thomson Elementary School |
| High School | North Andover High School |
| Listing VS Median (in 01845) | |
Price: $1,599,000 low | high Med: $564,450 sqft: 3,884 low | high Med: 1,461 $ / sqft: $412 low | high Med: $400 On site: 174 low | high Med: 68.5 | |