Offered at $1,499,999Active

beds: 12
baths: 4
sq ft: 4,920
Built: 1897

42-48 Red Spring Rd

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.

Listing last checked: October 11, 2026 at 4:51 PM EDTListing updated: October 3, 2026 at 12:53 PM EDT

Listed by Pratt Properties Team · Century 21 North East · MLS #73580238

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Details at a glance

Interior3 property facts

Rooms: 28
Flooring: Wood
Basement: Yes · Full, Walk-Out Access, Unfinished

Building5 property facts

Style: 4 Family - 4 Units Side by Side
Year built: 1897
Parking: 8
Foundation: Concrete Perimeter
Roof: Rubber

Land & utilities5 property facts

Lot size: 0.62 acres
Water: Public
Sewer: Public Sewer
Pool: Not reported
Zoning: SRA

Financial2 property facts

Annual taxes: $15,245
Assessment year: 2025

Location

Estimated monthly cost

Explore costs at the $1,499,999 asking price. Adjust the assumptions to your situation.

Known monthly costs$8,855 / monthAdjust

Down payment (%)Interest rate (%)Loan termMonthly property tax ($)Monthly insurance ($)Monthly HOA ($)

Principal & interest: $7,585
Property tax: $1,270
Insurance: Not entered
HOA: Not entered

Listing annual taxes: $15,245. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $1,521,869

Estimated range $1,373,284–$1,670,454.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: below average

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About 42-48 Red Spring Rd

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Request a tour of 42-48 Red Spring Rd and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.

Bean Group · eXp Realty

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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