437 Salem St North Andover — Photo 1 of 35
Recent Drop: $100,000
$685,000
Investment Analysis — 437 Salem St
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 3-bedroom in 01845 carries an estimated $3,590/mo in gross rent — about a 3.73% cap rate and $25,521/yr in estimated NOI at the $685,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,964
Style
Single Family
Built
1964
Repositioned for a Value Buy! Timeless Mid-Century Modern style meets effortless one-level living in this distinctive 3-bedroom, 2-bath ranch on a private acre-plus lot. Reminiscent of the sophisticated design of the 1950s, this well-crafted home features an open floor plan with clean lines, inviting spaces for entertaining and everyday living, and hardwood floors in many rooms, some preserved beneath removable carpet. The oversized pantry/mudroom provides exceptional storage for baking supplies, crafts, sports equipment and daily organization. Step onto the expansive rear deck to relax while overlooking flowering trees, mature shrubs and colorful perennials that create a peaceful backyard retreat. The attached two-car garage offers convenient, sheltered entry. Ideally located near North Andover's historic Old Center, MidTown Market, North Andover High School, Merrimack College and commuter routes, this home offers the perfect blend of architectural character, quality craftsmanship, privacy and convenience. Bonus: new Septic System Installation in progress!
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 2,964 sq ft principal dwelling). Lot size: 54,014 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
Oven • Dishwasher • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 12
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl First9 x 11
Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan
Kitchen
Lvl First12 x 12
Flooring - Vinyl, Pantry, Exterior Access, Open Floorplan, Storage, Peninsula
Family Room
Lvl First16 x 12
Flooring - Vinyl, Deck - Exterior, Exterior Access, Open Floorplan
Master Bedroom
Lvl First15 x 12
Closet, Flooring - Hardwood
Bedroom 2
Lvl First14 x 12
Bedroom 3
Lvl First8 x 12
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl FirstBathroom - Full
Property History
$685,000
Was $785,000
Aug 26, 2026
MLS® 73563361
$785,000
Aug 13, 2026
MLS® 73563361
Listing Agent: Gretchen Papineau
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73563361
