1 Colonial Dr #B1-8 Andover — Photo 1 of 32
$285,000
Investment Analysis — 1 Colonial Dr #B1-8
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 1-bedroom in 01810 carries an estimated $2,240/mo in gross rent — about a 3.78% cap rate and $10,779/yr in estimated NOI at the $285,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
719
Style
Condominium
Built
1969
Welcome to this move-in ready top-floor one-bedroom condo at the Colonial Drive Condominiums! This well-maintained unit features laminate flooring throughout the dining room, living room, and bedroom, with tile flooring in the kitchen and bathroom. The kitchen is equipped with a range, refrigerator, dishwasher, microwave and great cabinet space. There is generous closet space providing plenty of storage and two built-in air conditioning units. Enjoy the convenience of laundry facilities within the building, an additional private storage area, and a condo fee that includes your heat, hot water and gas. Residents also have access to fantastic community amenities, including an in-ground pool, tennis courts, and basketball courts. A great opportunity for comfortable, low-maintenance living in a desirable Andover location!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Pool • Tennis Court(s) • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Third18 x 13
Closet, Flooring - Laminate, Window(s) - Picture
Dining Room
Lvl Third10 x 9
Flooring - Laminate
Kitchen
Lvl Third11 x 7
Flooring - Stone/Ceramic Tile
Master Bedroom
Lvl Third13 x 13
Ceiling Fan(s), Closet, Flooring - Laminate
Bathroom 1
Lvl Third7 x 5
Bathroom - Full, Flooring - Stone/Ceramic Tile
Property History
$285,000
Aug 13, 2026
MLS® 73563218
$278,000
Dec 9, 2025
MLS® 73457006
$279,900
Nov 21, 2025
MLS® 73457006
Listing Agent: Kristen Keegan
Listing Office: LAER Realty Partners
MLS® Number: 73563218
