
354 North Main Street #308 Andover — Photo 1 of 33
$335,000
Investment Analysis — 354 North Main Street #308
Andover, MA 01810 — Shawsheen
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 3.31% cap rate and $11,080/yr in estimated NOI at the $335,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
800
Style
Condominium
Built
1930
Open House scheduled for Sunday, August 30th, is canceled. Lovely, spacious 800 sf condominium on top floor (3rd floor) of historic Aberdeen Building (Brick Shawsheen). As you enter the building, you'll walk through its grand and gracious foyer--with its soaring ceiling and rich classic architectural details. Located within one mile of Andover Center, train station, route 495. Unit 308 has a freshly painted interior, eleven-foot ceilings, beautiful hardwood floors, five over-sized windows that welcome the sunshine. Large open living room, large bedroom that comfortably accommodates king-size bed, galley kitchen with adjacent dining area, full bathroom, elevator in building, laundry across the hall, basement storage unit, deeded off-street parking space. Current monthly condo fee is $495/month. Heat and hot water are included in this fee. Among the important upgrades are a new roof (2023) and new elevator (2024). Sellers have paid these two assessments in full (total of $25,749.00), so new buyers will NOT be responsible for either assessment. The Aberdeen is a mixed-use building with 10 commercial units on the first floor, and 28 residential condominiums on the second and third floors. Please stop by one of our Open Houses, or schedule a private showing. It will be our pleasure to welcome you. This might be your opportunity to own a beautiful property in Andover. We look forward to meeting you. Thank you.
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 • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Highway Access • Private School • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13.666666666 x 17.166666666
Flooring - Hardwood
Dining Room
Lvl First7.166666666 x 7.5
Flooring - Hardwood
Kitchen
Lvl First7.166666666 x 9.5
Primary Bedroom
Lvl First9.833333333 x 19.083333333
Walk-In Closet(s), Flooring - Hardwood
Bathroom 1
Lvl First4.5 x 7.666666666
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Mary O'Neill
Listing Office: Keller Williams Realty
MLS® Number: 73568210
