
166 Salem Street North Andover — Photo 1 of 42
$1,675,000
Investment Analysis — 166 Salem Street
North Andover, MA 01845 — Old Center
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01845 carries an estimated $3,960/mo in gross rent — about a 1.19% cap rate and $19,992/yr in estimated NOI at the $1,675,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2.5
SqFt
4,728
Style
Single Family
Built
1806
Welcome to Captain Nathaniel Berry’s Homestead, a remarkable New England Colonial where history and modern comfort come together in an extraordinary setting. Set on picturesque pastoral grounds framed by classic stone walls and stately white fencing, this exceptional property offers timeless character, privacy, and beautifully designed spaces for both everyday living and entertaining. Rich hardwood floors, exposed beams, high ceilings, built-ins, and six fireplaces showcase the home’s historic craftsmanship, while thoughtful updates provide today’s comfort and convenience. The chef’s kitchen features quartz countertops, a center island, and Viking range. The stunning 2014 great room addition is a true highlight, featuring a dramatic stone fireplace, cathedral ceiling, wet bar, and expansive windows overlooking the grounds. A slider opens to a spacious composite deck, creating an inviting connection between indoor and outdoor living. A generous mudroom provides convenient access to the three-car attached garage, while new mini-split A/Cs and a newer heating system add modern comfort.The grounds are equally impressive, with a gorgeous gunite pool and pool house, pergola, hot tub, patio, fire pit, mature gardens, irrigation system, and expansive outdoor spaces designed for relaxation and entertaining. Enjoy summer afternoons poolside, gather around the fire pit on cool evenings, or simply take in the peaceful pastoral surroundings. A charming chicken coop adds to the property’s distinctive New England appeal.Ideally located near the North Andover Historic Common, enjoy seasonal events, green spaces, playgrounds, ice cream shop, Lake Cochichewick, Stevens Pond, and hiking trails, with convenient access to major highways. A truly special opportunity to own a piece of North Andover history, thoughtfully enhanced for modern living and ready to be enjoyed for generations to come.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,728 sq ft principal dwelling). Lot size: 40,441 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Disposal • Refrigerator • Washer • Dryer • ENERGY STAR Qualified Dishwasher • Range Hood • Other
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First27 x 26
Ceiling Fan(s), Closet, Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting
Dining Room
Lvl Main,First17 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Chair Rail, Lighting - Overhead, Crown Molding, Decorative Molding
Kitchen
Lvl Main,First17 x 15
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Recessed Lighting, Remodeled, Lighting - Pendant, Crown Molding
Family Room
Lvl Main,First16 x 15
Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Lighting - Sconce, Crown Molding
Master Bedroom
Lvl Second18 x 14
Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Second15 x 15
Bedroom 3
Lvl Second15 x 15
Closet, Flooring - Hardwood, Lighting - Sconce, Crown Molding
Bedroom 4
Lvl Second12 x 14
Fireplace, Cedar Closet(s), Flooring - Hardwood, Crown Molding
Bedroom 5
Lvl Second13 x 15
Fireplace, Closet, Flooring - Hardwood, Lighting - Sconce
Bathroom 1
Lvl First9 x 7
Bathroom - Half, Dryer Hookup - Dual, Remodeled, Washer Hookup, Lighting - Sconce
Bathroom 2
Lvl Second13 x 11
Bathroom - Full, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Cathedral Ceiling(s), Closet, Flooring - Stone/Ceramic Tile, Remodeled, Lighting - Sconce, Lighting - Overhead
Bathroom 3
Lvl Second9.5 x 5
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead, Pedestal Sink
Property History
$1,675,000
Aug 19, 2026
MLS® 73565870
$1,675,000
Jul 22, 2026
MLS® 73544317
$1,675,000
Jul 22, 2026
MLS® 73544317
Listing Agent: Julie Ratte
Listing Office: Berkshire Hathaway HomeServices Verani Realty
MLS® Number: 73565870
