Discover a true gem in the Ballardvale section of Andover - an exceptionally rare find. This 7-unit multifamily property presents an outstanding opportunity to generate income from day one. Boasting a thoughtfully designed mix of units, including four one-bedroom apartments, two two-bedroom apartments, and one studio apartment, this investment is primed for success. Each unit has its own separate utilities, ensuring ease of management. The heating is facilitated by Forced Hot air, by Gas. For the convenience of residents, a coin-operated W&D is available in the common area. Parking will never be a concern with ample off-street parking spaces for residents. Positioned just uphill from Ballardvale center and the T commuter rail stop, this property offers exceptional connectivity. Embrace the outdoors with proximity to Andover's scenic Hiking Trails and the recreational haven of Pomp's Pond, promising year-round enjoyment. Easy Access to I93.
Sold for $1,440,000 on 03/07/24
$1,440,000
228 Andover St, Andover, MA 01810
9beds
6,604sqft
5-9 Family
Built in 1926
-- sqft lot
$-- Zestimate®
$218/sqft
$4,667 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,667/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 08, 2024 at 06:52am
Listed by:
Ryan Schruender 978-869-6880,
Schruender Realty 978-685-5000
Bought with:
The Lush Group
Compass
Source: MLS PIN,MLS#: 73198437
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Forced Air, Natural Gas
Cooling
- None
Features
- Laundry Room, Bathroom With Tub & Shower, Living Room, Kitchen
- Flooring: Vinyl, Carpet, Hardwood
- Basement: Full,Interior Entry,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 6,604
- Total interior livable area: 6,604 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 10
Features
- Patio & porch: Covered
- Waterfront features: Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 0.77 Acres
- Features: Wooded, Level
Details
- Parcel number: M:00117 B:00001 L:00000,1842544
- Zoning: SRA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle,Rubber
Condition
- Year built: 1926
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Park, Walk/Jog Trails, Public School
Location
- Region: Andover
HOA & financial
Other financial information
- Total actual rent: 4710
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2024 | Sold | $1,440,000-3.9%$218/sqft |
Source: MLS PIN #73198437 | ||
| 2/9/2024 | Contingent | $1,499,000$227/sqft |
Source: MLS PIN #73198437 | ||
| 2/1/2024 | Listed for sale | $1,499,000-7.8%$227/sqft |
Source: MLS PIN #73198437 | ||
| 11/20/2023 | Listing removed | $1,625,000$246/sqft |
Source: MLS PIN #73147711 | ||
| 11/1/2023 | Price change | $1,625,000-3%$246/sqft |
Source: MLS PIN #73147711 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,611 | $1,289,700 |
| 2024 | $16,611 -2.6% | $1,289,700 +3.3% |
| 2023 | $17,048 | $1,248,000 |
Find assessor info on the county website
Neighborhood: 01810
Nearby schools
GreatSchools rating
- 9/10South Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Andover West Middle SchoolGrades: 6-8Distance: 2.1 mi
- 10/10Andover High SchoolGrades: 9-12Distance: 2 mi
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