4 Family - 4 Units Side by Side at 42-48 Red Spring Rd, Andover MA 01845
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26 photos

$1,499,999

42-48 Red Spring Rd, Andover MA 01845
Andover, MA 01845
Listed by Pratt Properties Team
Bedrooms
12
Bathrooms
4
Living area
4,920 sqft
Year built
1897

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.

Property details

MLS
MLS Property Information Network
MLS #
73580238
Property type
4 Family - 4 Units Side by Side
Subdivision
N/A
Status
Active
Days on market
30
On market date
September 21, 2026
Stories
12
Total bathrooms
4
Garage spaces
N/A
Parking spaces
8
Lot size
0.62 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
West Elementary
1.32 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
541
Student:teacher ratio
10.6:1
District
Andover
Middle
Andover West Middle
0.29 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
530
Student:teacher ratio
10.4:1
District
Andover
High
Andover High
0.37 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,679
Student:teacher ratio
13.1:1
District
Andover

Walkability

Blended score for Andover's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

51
Somewhat walkable
out of 100
EPA National Walkability Index
10.7 / 20 -- Above average walkable
Google Places amenity density
47 / 100
Restaurants & cafes2
Grocery stores0
Parks10
Schools5
Transit stops2
Pharmacies1

Market position

How this listing compares to current activity in Andover, from live MLS data.

On the market 30 days -- 60 fewer days than Andover's current average of 90 days.
For reference, the median list price across 236 active listings in Andover right now is $799,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$9,183/mo
$300,000 down
$1,199,999 loan
Principal & interest$7,783
Property tax (est.)$1,250
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 10 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.