
81 Central St Andover — Photo 1 of 36
$1,199,900
Investment Analysis — 81 Central St
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 1.22% cap rate and $14,684/yr in estimated NOI at the $1,199,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2.5
SqFt
2,651
Style
Single Family
Built
1845
Tucked close to the heart of town and Phillips Academy, this stunning antique Gothic Revival home blends timeless character with thoughtful modern updates. Two bedroom suites—with an option to convert the office/studio to a third bedroom—including 2½ baths offer comfortable, move-in-ready living. The updated cook’s kitchen and pantry, upscale renovated bathroom, newer furnace and roof bring today’s convenience and best quality to a home full of period charm. Shiplap paneling and custom woodwork throughout add the kind of character new construction simply cannot replicate. Outside, a gorgeous, professionally landscaped lot provides a private, picturesque backdrop for outdoor living and entertaining, offering a peaceful retreat just steps from everything downtown Andover has to offer. The back covered porch is a great place for al fresco dining or relaxing with a cup of coffee in the morning. Commuters will love the unbeatable convenience of being within close proximity to the Andover commuter rail station, with direct service into Boston, making this an ideal home base for anyone splitting time between in-town charm and a city commute. For buyers looking to grow into the space, there's excellent potential to add a third bedroom, making this a smart choice for a variety of lifestyles, whether you're a first-time buyer, downsizing, or simply looking to plant roots in one of Andover's most sought-after neighborhoods. With its unbeatable in-town location, proximity to shops, restaurants, and the train, and a rare blend of historic character and modern livability, this is a genuine opportunity to own a piece of local history.
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 2,651 sq ft principal dwelling). Lot size: 25,130 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Electric Water Heater • Oven • Dishwasher • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • Private School • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 24
Flooring - Hardwood, Lighting - Sconce
Dining Room
Lvl First13 x 20
Flooring - Hardwood, Chair Rail, Lighting - Sconce
Kitchen
Lvl First9 x 19
Flooring - Hardwood, Flooring - Vinyl, Kitchen Island, Cabinets - Upgraded, Recessed Lighting, Remodeled
Office
Lvl Second13 x 21
Flooring - Hardwood
Family Room
Lvl First21 x 17
Flooring - Hardwood, Deck - Exterior, Exterior Access, Recessed Lighting, Remodeled, Lighting - Sconce
Master Bedroom
Lvl Second20 x 26
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second15 x 15
Bedroom 3
Lvl Second12 x 9
Flooring - Hardwood
Bathroom 1
Lvl First6 x 4
Bathroom - Half, Flooring - Hardwood
Bathroom 2
Lvl Second10 x 9
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Flooring - Hardwood
Bathroom 3
Lvl Second8 x 12
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Hardwood
Listing Agent: The Deborah Lucci Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73573998
