74 Chestnut St Andover — Photo 1 of 34
$799,900
Investment Analysis — 74 Chestnut St
Andover, MA 01810 — Downtown/ Phillips Neighborhood
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 2.78% cap rate and $22,246/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,423
Style
Single Family
Built
1911
LOCATION LOCATION LOCATION! Rare in-town Andover opportunity! Just 0.3 miles from downtown, 74 Chestnut Street is a classic 3-bedroom, 1.5-bath Georgian Colonial Revival filled with timeless architectural details, natural light, well proportioned rooms and the craftsmanship that gives older homes their unmistakable charm. Professionally landscaped grounds and a stately wrought-iron fence create wonderful curb appeal. This home is comfortable and full of possibility. It is a rare opportunity to personalize at your own pace while preserving the character and architectural presence that make it so special. Original hardwood floors, mouldings, built-in dining room hutch and more. Leave the car at home in the garage and stroll to downtown Andover’s restaurants, cafés, boutique shops, parks, library, and commuter rail. Morning coffee, dinner in town, shopping, or catching the train to Boston, are all just minutes from your front door.
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: 712 sq ft (the lesser of 900 sq ft or half the 1,423 sq ft principal dwelling). Lot size: 6,098 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
Water Heater • Tankless Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Private School • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First12 x 18
Flooring - Hardwood, Lighting - Overhead, Crown Molding
Dining Room
Lvl Main,First11 x 13
Flooring - Hardwood, Flooring - Wood, Beadboard, Crown Molding
Kitchen
Lvl Main,First16 x 9
Bathroom - Half, Breakfast Bar / Nook
Family Room
Lvl Main,First10 x 14
Beamed Ceilings, Cable Hookup, Exterior Access, Slider
Master Bedroom
Lvl Second16 x 11
Closet, Crown Molding
Bedroom 2
Lvl Second12 x 11
Bedroom 3
Lvl Second11 x 9
Closet, Crown Molding
Bathroom 1
Lvl First4 x 3
Bathroom - Half
Bathroom 2
Lvl Second8 x 7
Bathroom - Full, Bathroom - With Tub & Shower, Attic Access
Listing Agent: The Deborah Lucci Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73571089
