361-363 N Main St, Andover, MA 01810
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$1,990,000
3 Unit
7 Beds
5 Baths
3482 SQFT
0.44 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 5
  • Total Fireplaces: 2
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Tennis Court, Walk/Jog Trails
  • Basement Features: Finished, Interior Access, Other (See Remarks), Partially Finished
  • Common Rooms: Dining Room, Family Room, Kitchen, Living RM/Dining RM Combo, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub, Bathroom With Tub & Shower, Bathroom with Shower Stall, Stone/Granite/Solid Counters, Storage, Tile Floor, Upgraded Cabinets, Upgraded Countertops, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Wall Oven, Washer, Washer / Dryer Combo, Washer Hookup
  • Common Heating: Forced Air, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated
  • Gross Operating Income: 159600
  • Gross Expenses: 30000
  • Repairs & Maintenance: 5000
  • Net Operating Income: 129600

Utilities

  • Heat Zones: 3
  • Cooling Zones: 1
  • Electric Info: 220 Volts, At Street, Circuit Breakers, Underground
  • Utility Connections: Washer Hookup, for Gas Dryer, for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1917
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73497282
  • Last Updated: 04/12/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/12/2026Active$1,990,000$474MLSPIN
04/11/2026Active$1,990,000$572MLSPIN
04/08/2026New$1,990,000$474MLSPIN
04/07/2026New$1,990,000$572MLSPIN
04/07/2026Price Change$1,990,000$572MLSPIN

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Seller's Representative: Henry Gourdeau, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-04-12 11:30:00