Condo Investment Properties for Sale in North Andover, MA
Listed for sale 4 days ago
$ 409,900
ROI
20.0
Cash Flow/m
27- 2 Bed
- 2 Bath
- 1050 sft
148 Main St APT C439, North Andover, MA, 01845
Listed for sale 6 days ago
$ 319,000
ROI
20.8Cash Flow/m
92- 1 Bed
- 1 Bath
- 783 sft
1401 Great Pond Rd APT 2, North Andover, MA, 01845
Listed for sale 7 days ago
$ 275,000
ROI
21.9Cash Flow/m
161- 1 Bed
- 1 Bath
- 675 sft
58 Edgelawn Ave APT 8, North Andover, MA, 01845
$ 299,900
ROI
21.8Cash Flow/m
167- 2 Bed
- 1 Bath
- 650 sft
230 Chickering Rd APT 12, North Andover, MA, 01845
Why Invest in North Andover, Massachusetts?
Investing in condos in North Andover, MA offers a promising opportunity for real estate investors looking for stable rental yields and growing appreciation. This area enjoys a solid average ROI of 7.2%, supported by a cap rate near 5%, with an average monthly rent of $1,800. The market is buoyed by steady rental demand and a renter-occupied rate of 35%, reflecting a healthy investment climate. Average cash flow remains attractive, making North Andover a worthwhile consideration for condo investments.
7.2%
Avg. ROI
5.8%
Rental Yield
5%
Cap Rate
$550/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in North Andover is approximately 5.8%, reflecting stable rental income relative to property values.
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