5 Longwood Drive #205 Andover — Photo 1 of 30
$319,900
Investment Analysis — 5 Longwood Drive #205
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01810 carries an estimated $2,940/mo in gross rent — about a 4.46% cap rate and $14,267/yr in estimated NOI at the $319,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,153
Style
Condominium
Built
1961
5,000 BUYER'S CLOSING COST INCENTIVE! Seller will contribute up to $5,000 towards buyer's closing costs and prepaids with an excepted offer by September 15, 2026. Don't miss this opportunity! If Andover is on your list, this opportunity can offer an Exceptional Value in the town of Andover with 1,153 square feet of living space per its price point. Discover the condominium lifestyle at Andover Terrace that effortlessly blends comfort and ease. A bright kitchen boasting custom cabinets showcasing your favorite dishware. Move into the oversized living area flooded with natural light, hardwood beams and carpeting throughout. The spacious primary bedroom offers ample space with one large walk-in closet and even a second closet, while bedroom number two provides generous closet space as well! If you are needing even more storage space, there iis additional storage right within footsteps!! Conveniently located is your designated parking space as well. Let's talk about location, location,location! Your new home offers an area with convenience to Merrimack College and school systems. In addition it is conveniently located near the various intersections of Routes 133, 114, 125 and 495. Grocery shopping is nearby with Whole Foods and Market Basket, which offers the Market Basket Kitchen. Take a stroll in Andover Center and enjoy the dining and shopping opportunities or if you feel like working out, the YMCA is within walking proximity. Welcome home to this unique property in a quiet location. Easy to show. Come see and judge for yourself.
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 • Disposal • Microwave • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl null19 x 19.5
Flooring - Wall to Wall Carpet
Kitchen
Lvl null10 x 9
Flooring - Vinyl, Stainless Steel Appliances, Lighting - Overhead
Primary Bedroom
Lvl null16.75 x 15.75
Flooring - Wall to Wall Carpet
Bedroom 2
Lvl null12.4 x 11.75
Bathroom 1
Lvl null9 x 7.25
Bathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Thomas Bardascino
Listing Office: The Real Estate Connection
MLS® Number: 73558642
