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
4,920
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.
Key facts
It was listed on September 21, 2026. The price has come down from an original $14,999,999 to $1,499,999. The annual property taxes are $15,245 (2025 tax year). It sits on a 0.62-acre (27,007 sq ft) lot.
Open Houses
Market Value Analysis
* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Andover, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Questions about this home
When was 42-48 Red Spring Rd, Andover listed?
42-48 Red Spring Rd, Andover was listed on September 21, 2026.
Has the price of 42-48 Red Spring Rd, Andover changed?
The price has come down from an original $14,999,999 to $1,499,999.
What are the property taxes for 42-48 Red Spring Rd, Andover?
The annual property taxes for 42-48 Red Spring Rd, Andover are $15,245 (2025 tax year).
How big is the lot at 42-48 Red Spring Rd, Andover?
42-48 Red Spring Rd, Andover sits on a 0.62-acre (27,007 sq ft) lot.
What is the status of 42-48 Red Spring Rd, Andover?
42-48 Red Spring Rd, Andover is actively listed for sale.
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
