19 Noel Rd Andover — Photo 1 of 31
$1,050,000
Investment Analysis — 19 Noel Rd
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 2.43% cap rate and $25,479/yr in estimated NOI at the $1,050,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,664
Style
Single Family
Built
1994
Desirable cul-de-sac location near West Elementary School! Built by well-known custom local builder Yvon Cormier, this home offers a versatile floor plan with a spacious kitchen opening to a comfortable great room—ideal for everyday living and entertaining. An updated half bath, attached garage, deck and walk-up attic provide added convenience and functionality. Set on a level, private lot, the property offers an excellent opportunity to update and personalize the home to your own taste and style. The appealing location and well-designed floor plan provide a solid foundation for future value. A great opportunity to build equity in a sought-after neighborhood.
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 2,664 sq ft principal dwelling). Lot size: 20,268 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 MLS and other third-party data may be inaccurate or out of date.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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Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 17
Flooring - Hardwood
Dining Room
Lvl First14 x 14
Flooring - Hardwood, Decorative Molding
Kitchen
Lvl First28 x 24
Flooring - Hardwood, Pantry, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Open Floorplan, Stainless Steel Appliances
Family Room
Lvl First23 x 21
Cathedral Ceiling(s), Flooring - Hardwood
Master Bedroom
Lvl Second14 x 19
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second15 x 11
Bedroom 3
Lvl Second12 x 15
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second8 x 11
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl SecondListing Agent: Gretchen Papineau
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73575528
