This property at 19 Pleasant St, North Andover, is a 2-unit duplex with a total of 6 beds and 2 baths across 2,480 sqft. Based on current North Andover market comps, the projected rent potential ranges from $4,825 to $5,551/month for both units combined. Annualized, that's $58K–$67K in gross revenue. With property values near $740K, the payback period (gross rent/valuation) falls between 11 and 13 years, which is strong for this market. North Andover rents are at historic highs, rising 1–33% year-over-year, and demand remains robust[1][3][5]. The property’s duplex layout and generous square footage are attractive to both families and professionals, though the age (built 1876) may present some maintenance or modernization challenges.
To unlock the highest rents, consider updating kitchens, bathrooms, and common areas if not recently renovated. Adding in-unit laundry or upgrading heating/cooling could further boost value. For owners eyeing a sale, market the property’s location in a hot rental area, high cash-flow potential, and multi-family flexibility. Highlight any recent updates and stable tenant demand. For investors, focus on efficient turnover and minimizing vacancy to maximize yield.