5 Noel Road Andover — Photo 1 of 31
$624,900
Investment Analysis — 5 Noel Road
Andover, MA 01810 — Located on a Cul-de-sac of large single family homes with a brand new paved street!
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01810 carries an estimated $3,530/mo in gross rent — about a 3.87% cap rate and $24,193/yr in estimated NOI at the $624,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,403
Style
Single Family
Built
1954
Andover, Affordable, Amazing yard! Easily A best buy in this town! Located on a Cul de sac street, surrounded by 22 expensive 2 story colonials! What you will love here: 1. The 1.24 acres of mostly cleared backyard is perfect for starting your own family garden, hosting large family gatherings, or just plain appreciating your very own land. 2. There's a BIG (23x23) two car detached garage with storage above, perfect for roomy parking, hobby area, etc. 3. This winter, your own real wood burning fireplace to cozy up with a good book, or to make your own family memories gathered around. 4. No stairs, 1 level living is easy. 5. There's central air conditioning. There's much more here, hardwood floors, spacious kitchen, bonus office room or den at the side entry, full unfinished basement with bulkhead access to the outside. 34 years of seller's loving this home, this yard, and this town, it's time for new owners to make their own improvements, and love their own forever home right here too!
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: 702 sq ft (the lesser of 900 sq ft or half the 1,403 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 20
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access
Kitchen
Lvl First11 x 21
Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Dining Area, Breakfast Bar / Nook, Deck - Exterior, Exterior Access
Master Bedroom
Lvl First11 x 12
Ceiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl First11 x 12
Bedroom 3
Lvl First9 x 10
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl First7 x 7
Bathroom - Full, Closet - Linen, Flooring - Vinyl
Listing Agent: Carla Burns
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73558453
