114-116 Marblehead St

North Andover, MA
$ 699,900 Beds 5 Baths 3 Sq 2,813
Monthly Estimate* How much can I afford?

Great opportunity to own a rare 3 Family, cash cow - investment property in North Andover. The property consists of one, three bedroom unit & two, one bedroom units. Additionally, it has been well cared for by thoughtful owners who took pride in offering a well maintained property to their tenants. The property features three,3 yr old furnaces, three, 3 yr old hot water heaters,8 yr old roof, updated insulation, vinyl siding,& replacement windows. More importantly, the owner has 3 Letters of Initial Lead Paint Inspection Compliance in hand so there is little left to do except sit back & collect rent! To that end, the property will be sold w/ great, long term tenants,1 w/ lease, & 2 tenants at will w/ great upside potential to get market rate rents! Owner responsible for landscaping & snow removal. This centrally located property near downtown and highway access to I-495 has 5 off street parking spots & backyard. It will not last. Do not miss this great, local real estate investment!

Contingent

  • Price
  • $ 699,900
  • Lot Size
  • 8,276 SqFt
  • Bedrooms
  • 5
  • Sqr Footage
  • 2,813
  • Full Bathrooms
  • 3
  • Year Built
  • 1910
  • Half Bathrooms
  • 0
  • City, Zip
  • North Andover
  • Taxes
  • $ 6586
  • County
  • ESSEX
  • Style
  • 3 Family
  • Area
  • MLS#
  • 72834019
  • Zip
  • 01845
Listing Provided by: Team Lillian Montalto with Lillian Montalto Signature Properties.
Data Source: MLSPIN

Features

General

Construction Material Frame
Electrical Equipment/Features Circuit Breakers
Elementary School Thomson
Exterior Features Porch, Gutters, Varies per Unit
Flooring Tile, Vinyl, Varies Per Unit, Laminate, Hardwood
Full Baths 3
Heat Zones 3
Heated Units 3
High School North Andover
Lead Paint Certified Treated
Levels 5
Middle School North Andover
Parking Features Off-Street
Parking Spaces 5
Roof Asphalt/Fiberglass Shingles
Sewer City/Town Sewer
Square Feet 2813.00
State Massachusetts
Unit 1 Rent 950
Unit 2 Rent 975
Unit 3 Rent 1850

Interior Features

Basement Features Full, Walk Out, Interior Access, Bulkhead, Concrete Floor
Bedrooms (1) 1
Bedrooms (2) 1
Bedrooms (3) 3
Hot Water Natural Gas, Leased Heater
Total Bedrooms 5
Total Number of Units 3

Exterior Features

Exterior Vinyl
Foundation Fieldstone
House Color white
Lot Description Paved Drive, Level

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Nashua, NH office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Thomson Elementary School
Middle School North Andover Middle School
High School North Andover High School

Price History

5/19/2021 Listed $699,900

Property vs Zip Code Average in 01845

Price
AVG $620K
$700K
Taxes
AVG $7,145
$6,586
Visits
AVG 14
6
Year Built
AVG 1962
1910

Map

Areas That We Cover

114-116 Marblehead St North Andover, MA is a Single Family Home for sale at $699900 with 2813 sqft and a lot size of 8,276 SqFt Acre(s). 114-116 Marblehead St North Andover has 5 bedrooms, 3 baths and was built in 1910. The property's zip code is 01845 which is in North Andover, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.