56 Monteiro Way North Andover — Photo 1 of 41
$1,199,000
Investment Analysis — 56 Monteiro Way
North Andover, MA 01845
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01845 carries an estimated $3,960/mo in gross rent — about a 2.07% cap rate and $24,841/yr in estimated NOI at the $1,199,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
4,074
Style
Single Family
Built
1982
Location. location! Beautifully cared for Colonial at the end of the cul-de-sac in a desirable Old Center location with easy access to schools, shopping and all major highways. Kitchen opens to a Family Room with vaulted ceiling and wood burning brick fireplace, perfect for entertaining and relaxing family gatherings. A front to back Living Room with a second fireplace, an adjacent Dining Room, and a first floor Office round out the main level, all with hardwood floors throughout. Upstairs, the primary suite offers a private bath and a spacious walk-in closet, joined by three additional bedrooms and an updated main bath. A beautiful three-season Sunroom overlooks the fenced yard with a picturesque in-ground pool for all your Summer fun! A walk-out Lower Level and temperature-controlled Wine Cellar are ready to be personalized to your taste! Just minutes from the Town Common, Youth Center, and Drummond Playground, where neighbors gather for outdoor summer concerts, dog walks, and morning jogs. This is a home you’ll never want to leave!
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 4,074 sq ft principal dwelling). Lot size: 33,476 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Dishwasher • Disposal • Microwave • Range • Refrigerator • Plumbed For Ice Maker
Neighborhood
Shopping • Pool • Park • Walk/Jog Trails • Medical Facility • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First27 x 13
Flooring - Hardwood, Recessed Lighting, Lighting - Overhead, Crown Molding
Dining Room
Lvl First15 x 12
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Overhead, Crown Molding
Kitchen
Lvl First22 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Peninsula, Lighting - Pendant
Office
Lvl First12 x 9
Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead, Crown Molding
Family Room
Lvl First17 x 15
Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, French Doors, Lighting - Overhead
Master Bedroom
Lvl Second17 x 12
Bathroom - 3/4, Walk-In Closet(s), Flooring - Hardwood, Crown Molding
Bedroom 2
Lvl Second11 x 9
Bedroom 3
Lvl Second16 x 13
Closet, Flooring - Hardwood, Crown Molding
Bedroom 4
Lvl Second13 x 11
Closet, Flooring - Hardwood, Crown Molding
Bathroom 1
Lvl First10 x 6
Bathroom - Half, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup, Lighting - Overhead, Pedestal Sink
Bathroom 2
Lvl Second8 x 7
Bathroom - Full, Countertops - Stone/Granite/Solid, Lighting - Overhead
Bathroom 3
Lvl Second10 x 7
Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Listing Agent: Margus Deery
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73571998
