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361-361 N Main St #363, Andover, MA, 01810

7beds
5baths
3,482sqft
$1,850,000
$531price/sqft
$12,057/moest. monthly cost
$482,280/yrincome needed

About This Home

Beautiful 3-unit multifamily in the heart of Shawsheen Village. Seller has made numerous upgrades and renovations and currently has a strong $11,800/month rent roll. This classic 2-story Dutch Colonial Gambrel blends character with modern improvements, making it an attractive opportunity for both investors and owner-occupants. The property features a diverse unit mix with rents ranging from a $2,300/month to $6,700/month, providing flexibility and strong income potential. With limited rental inventory in the area, this property stands out as a rare offering. Conveniently located with easy access to Route 495, Route 93, and downtown Andover, it offers both accessibility and the charm of the highly desirable Shawsheen Village neighborhood. Ideal for those seeking strong cash flow, long-term appreciation, or a live-in investment opportunity.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

7/10
West Elementary SchoolGrades K-51.3 mi
8/10
10/10
Andover High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1917

Materials

  • Foundation: Stone
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family

Interior

Appliances

  • Appliances included: Range,Oven,Dishwasher,Refrigerator,Freezer,Washer/Dryer,Microwave,Washer,Dryer
  • Laundry features: Gas Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Finished,Partially Finished,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Walk-Up Attic,Storage,Stone/Granite/Solid Counters,Bathroom With Tub & Shower,Remodeled,Bathroom With Tub,Upgraded Cabinets,Upgraded Countertops,Bathroom with Shower Stall,Living Room,Dining Room,Kitchen,Family Room,Laundry Room,Mudroom,Living RM/Dining RM Combo
  • Flooring: Wood,Tile,Hardwood
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 700
  • Finished area above ground: 3,482

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,482
  • Total interior livable area: 3,482 sqft

Property

Details

  • Parcel number: M:00052 B:00028 L:00000,1838575
  • Zoning: SRA

Features

  • Patio & porch: Porch
  • Exterior features: Sprinkler System,Garden
  • Fencing: Fenced

Lot

  • Lot size: 0.44 Acres

Parking

  • Total spaces: 10
  • Parking features: Paved Drive,Off Street,Paved
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 8