
17 Rockwood Ln Lawrence — Photo 1 of 41
$689,900
Investment Analysis — 17 Rockwood Ln
Lawrence, MA 01843
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01843 carries an estimated $3,160/mo in gross rent — about a 3.38% cap rate and $23,351/yr in estimated NOI at the $689,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,944
Style
Single Family
Built
1960
Buyer financing fell through. Beautifully remodeled and expanded Cape in the desirable Mount Vernon neighborhood, just two blocks from the Andover line. Taken down to the studs and completely renovated, this home features a brand-new second floor completed in 2023. Thoughtful, high-quality upgrades include an open-concept first floor, hardwood flooring throughout, recessed and designer lighting, central air conditioning and heating, a tankless hot water system, and a newly paved driveway. The cook's kitchen features stainless steel appliances, an exterior-vented exhaust hood, maple butcher block countertops, and beautifully crafted shaker-style cabinetry with a pantry cabinet and two under-counter Lazy Susans for exceptional storage. Upstairs, you’ll find two spacious bedrooms, each with walk-in closets featuring built-in shelving. The primary suite includes a beautifully tiled en-suite bath. Additional knee-wall storage offers easy access to extra space with possible expansion in walk out basement.
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 1,944 sq ft principal dwelling). Lot size: 9,700 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Range Hood
Neighborhood
Public Transportation • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Window Seat
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Open Floorplan, Lighting - Overhead
Kitchen
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Countertops - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Exterior Access, Beadboard
Primary Bedroom
Lvl SecondBathroom - 3/4, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Sconce, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl FirstCeiling Fan(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 4
Lvl FirstCeiling Fan(s), Closet, Flooring - Hardwood, Exterior Access, Paints & Finishes - Low VOC
Bathroom 1
Lvl SecondBathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Recessed Lighting
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Jamie Elmore
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73546117
