
186 Andover St North Andover — Photo 1 of 42
$835,000
Investment Analysis — 186 Andover St
North Andover, MA 01845
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 3.48% cap rate and $29,046/yr in estimated NOI at the $835,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,214
Style
Single Family
Built
1946
Warm, bright and truly move-in ready, 186 Andover Street is a lovingly cared-for home offering an exceptionally versatile floor plan designed to adapt to a variety of living arrangements. Natural light fills the freshly painted interior, creating a welcoming sense of warmth throughout. The 1st floor offers multiple gathering spaces, including a spacious family room, living room, dining area and bright kitchen with stainless steel appliances. A generously sized 1st-floor bedroom, along with a full bath on the same level, creates the option for comfortable 1st-floor living, guest accommodations or multigenerational living. Upstairs, four additional generously sized rooms and a full bath offer endless possibilities, allowing the home to function comfortably as a five-bedroom home or as four bedrooms plus a dedicated home office or kid hangout space. With plenty of room for overnight guests, work-from-home needs and everyday living, the layout can easily evolve as your needs change. Thoughtful updates make this a home you can simply move into and enjoy, including newer appliances, a new hot water heater, updated electrical service, new outlets and switches, and ceiling fans with lights throughout. Outside, the private backyard truly becomes an extension of the living space. Entertain or unwind beneath the covered cabana and patio, enjoy the sellers' lovingly maintained landscaping and raised garden beds, or take advantage of the expansive yard with plenty of room to expand the existing gardens, create additional outdoor entertaining areas or bring your own vision to life. With so much usable outdoor space, the possibilities are endless. Storage is no problem here. Two detached storage sheds, additional attached exterior storage and attic storage provide plenty of space to keep everything organized and tucked away. With bright, welcoming interiors, adaptable spaces for everyday living and guests, abundant storage, and an outdoor setting made to be enjoyed, 186 Andover Street is a home that has been cared for with pride—and is ready for its next chapter. ****OPEN HOUSES: Thurs 9/10 4:30pm-6pm, Sat 9/12 12:30pm-2:30pm, & Sun 9/13 12-2pm.
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 2,214 sq ft principal dwelling). Lot size: 24,829 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16.916666666 x 11.25
Ceiling Fan(s), Lighting - Overhead, Flooring - Engineered Hardwood
Dining Room
Lvl First14.5 x 11.25
Ceiling Fan(s), Closet/Cabinets - Custom Built, Open Floorplan, Lighting - Overhead, Flooring - Engineered Hardwood
Kitchen
Lvl Main,First16.583333333 x 13.583333333
Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant, Lighting - Overhead, Flooring - Engineered Hardwood
Family Room
Lvl First10.75 x 18.916666666
Ceiling Fan(s), Window(s) - Bay/Bow/Box, Open Floorplan, Lighting - Overhead, Flooring - Engineered Hardwood
Master Bedroom
Lvl Second13.583333333 x 15.75
Ceiling Fan(s), Lighting - Overhead, Closet - Double, Flooring - Engineered Hardwood
Bedroom 2
Lvl Second17.916666666 x 12.166666666
Bedroom 3
Lvl Second11.083333333 x 11.666666666
Ceiling Fan(s), Closet, Lighting - Overhead, Flooring - Engineered Hardwood
Bedroom 4
Lvl Second13.416666666 x 8
Ceiling Fan(s), Closet, Lighting - Overhead, Flooring - Engineered Hardwood
Bedroom 5
Lvl First10.916666666 x 12.083333333
Ceiling Fan(s), Closet, Lighting - Overhead, Flooring - Engineered Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Cabinets - Upgraded
Listing Agent: Windward & Main Realty Group
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73573752
