EXCELLENT INVESTOR OPPORTUNITY ...RENOVATED 5 unit apartment building near ANDOVER downtown...4 units with 3+ bedrooms (1700+ sf each)1 unit w 2 bedrooms...each with washer dryer hookups, central air conditioning and storage rooms all on quiet cul de sac neighborhood setting abutting Carmel Woods Reservation Walk to town, train and stores from this SUPER LOCATION.
One in a Million Investment Opportunity! RARE! 5 oversized apartments, nicely updated, with separate utilities, coin operated laundry area, plenty of off street parking & only .8 of 1 mile to town center Andover at the intersection of Elm St & Main St. NEEDED: Hardworking, smart buyer who recognizes opportunity, can live here, and manage 1st investment property, or seasoned investor looking to add a winner to investment portfolio. Property may have potential for condo conversion in the future. Replacement windows, vinyl sided exterior, roof replaced in 2018. Pictures in listing photos are of vacant unit #5. 4 out of the 5 units are in similar condition to the interior pictures shown here. Unit #3 is the unit needing the most updating. Pretty treed backyard, located next door to 20 acres of walking trails in the Carmel Woods Reservation. Floor plans, additional information sheet including income/expenses, & GIS maps, are available in mls under paperclip. EXCITING OPPORTUNITY!
MLS PIN #72812526
May 4, 2021
Sold
$1,645,000
$181/sq ft
Apr 12, 2021
Contingent
—
Apr 9, 2021
Listed
$1,600,000
$176/sq ft
This five-unit in desirable downtown Andover is a perfect investment opportunity!! The oversized units have two - three bedrooms, eat-in kitchens, family rooms and central a/c. The utilities have all been updated and the home has been vinyl sided for easy maintenance. Updates include new roof and recent interior updates to most units, including new kitchens and baths. The seller is looking for a quick close. This five-unit home won't last!!
MLS PIN #30112531
Feb 26, 1997
Sold
$335,000
$37/sq ft
Jan 9, 1997
Listing Removed
—
Jun 17, 1996
Listed
$375,000
$41/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$21,416 (+9.3%)
$505,500 + $1,062,300
$1,567,800
2022
$19,596 (+4.6%)
$447,400 + $894,800
$1,342,200
2021
$18,735 (+2.7%)
$406,700 + $818,600
$1,225,300
2020
$18,245 (+7.6%)
$396,800 + $818,700
$1,215,500
2019
$16,953 (+14.4%)
$381,400 + $728,800
$1,110,200
2018
$14,817 (+6.7%)
$359,600 + $587,800
$947,400
2017
$13,885 (+10.5%)
$352,500 + $562,200
$914,700
2016
$12,564 (+0.6%)
$352,500 + $495,300
$847,800
2015
$12,492 (+2.2%)
$339,100 + $495,400
$834,500
2014
$12,218 (+4.6%)
$322,500 + $482,400
$804,900
2013
$11,679 (+2.5%)
$322,500 + $482,400
$804,900
2012
$11,389 (+5.1%)
$322,500 + $482,400
$804,900
2011
$10,834 (+5.7%)
$319,300 + $448,000
$767,300
2010
$10,251 (+0.3%)
$329,200 + $448,000
$777,200
2009
$10,219
$329,200 + $511,200
$840,400
Tax history for 80 Carmel Rd
Year
Property tax
Land + Additions
Assessment*
2023
$21,416 (+9.3%)
$505,500 + $1,062,300
$1,567,800
2022
$19,596 (+4.6%)
$447,400 + $894,800
$1,342,200
2021
$18,735 (+2.7%)
$406,700 + $818,600
$1,225,300
2020
$18,245 (+7.6%)
$396,800 + $818,700
$1,215,500
2019
$16,953 (+14.4%)
$381,400 + $728,800
$1,110,200
2018
$14,817 (+6.7%)
$359,600 + $587,800
$947,400
2017
$13,885 (+10.5%)
$352,500 + $562,200
$914,700
2016
$12,564 (+0.6%)
$352,500 + $495,300
$847,800
2015
$12,492 (+2.2%)
$339,100 + $495,400
$834,500
2014
$12,218 (+4.6%)
$322,500 + $482,400
$804,900
2013
$11,679 (+2.5%)
$322,500 + $482,400
$804,900
2012
$11,389 (+5.1%)
$322,500 + $482,400
$804,900
2011
$10,834 (+5.7%)
$319,300 + $448,000
$767,300
2010
$10,251 (+0.3%)
$329,200 + $448,000
$777,200
2009
$10,219
$329,200 + $511,200
$840,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
16
Baths
7
Stories
2
Lot width
—
Lot depth
—
Lot size
0.69 Acres
Year renovated
—
Sq. Ft.
9,109
Year built
1920
Style
Multi-Family (5+ Unit)
County
Essex County
APN
1836163
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 20
Parking Features: Paved Drive, Off Street, Assigned
Interior
Bathroom Information
# of Bathrooms (Full): 6
# of Bathrooms (Half): 2
Basement Information
Basement: Partial
Fireplace Information
Has Fireplace
# of Fireplaces (Total): 1
Interior Features
# of Rooms (Total): 36
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: N
Exterior
Building Information
Building Area (Total): 9,109
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Approximate
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 5-9 Family
Lot Information
Lot Size (Acres): 0.69
Lot Features: Wooded
ViewYN: Has View
View: Scenic View(s)
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $21,416
Tax Year: 2023
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Heating & Cooling
Has Cooling
Cooling: Central Air
Cooling Units: 4
Location
Location Information
Directions: Elm or Walnut to Carmel
UnparsedAddress: 80 Carmel Road, Andover MA 01810
Community Information
Senior CommunityYN: No
Community Features: Shopping, Park, House of Worship, Private School, Public School, T-Station, University
Public facts
Beds: 16
Baths: 7.0
Sq. Ft.: 9,109
Stories: 2.0
Lot Size: 0.69 acres
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: —
County: Essex County
APN: 1836163
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Bancroft Elementary School
Public K-5 • Assigned • 2.2mi
9/10
Andover West Middle School
Public 6-8 • Assigned • 0.8mi
8/10
Andover High School
Public 9-12 • Assigned • 1.0mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
6 days above 95° expected this year, 13 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Andover, MA • 01810
Average low and high temperatures (°F)
33
17
36
19
50
31
60
39
69
50
81
60
85
65
80
61
75
55
64
44
52
35
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.