7 Peters St North Andover — Photo 1 of 26
$549,999
Investment Analysis — 7 Peters St
North Andover, MA 01845
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 4.92% cap rate and $27,085/yr in estimated NOI at the $549,999 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,919
Style
Single Family
Built
1950
Welcome to 7 Peters Street in North Andover! This 3-bedroom, 1-bath home offers a functional layout with great flow throughout and a partially finished lower level, providing flexible additional living space for a home office, family room, gym, or play area. Ideally located to enjoy all that North Andover has to offer, including nearby shopping, dining, schools, and local amenities. A paved driveway and one-car garage provide plenty of convenient off-street parking. Don’t miss the opportunity to make this North Andover home your own!
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 1,919 sq ft principal dwelling). Lot size: 8,102 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 MLS and other third-party data may be inaccurate or out of date.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
Electric Water Heater • Range • Dishwasher • Disposal • Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13.25 x 19.666666666
Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Exterior Access
Dining Room
Lvl First9.666666666 x 11.75
Ceiling Fan(s), Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Lighting - Overhead
Kitchen
Lvl First9.333333333 x 13.166666666
Flooring - Laminate, Stainless Steel Appliances, Lighting - Overhead
Family Room
Lvl Basement21.583333333 x 28.666666666
Flooring - Wall to Wall Carpet, Flooring - Laminate, Exterior Access, Recessed Lighting
Master Bedroom
Lvl First13.333333333 x 11.666666666
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First11.083333333 x 10.75
Bedroom 3
Lvl First9.916666666 x 13.25
Closet, Flooring - Wall to Wall Carpet, Lighting - Sconce
Bathroom 1
Lvl First9.666666666 x 8.166666666
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead
Listing Agent: Travis Anderson
Listing Office: Cameron Real Estate Group
MLS® Number: 73574087
