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23 Arundel St Andover — Photo 1 of 34

23 Arundel St Andover — Photo 1 of 34

$899,900

Investment Analysis — 23 Arundel St

Andover, MA 01810

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 2.34% cap rate and $21,068/yr in estimated NOI at the $899,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

2,269

Style

Single Family

Built

1923

Welcome to 23 Arundel Street, a classic Colonial in Shawsheen Village, one of Andover’s beloved neighborhoods - where neighbors know each other, kids can walk and play all day, and there’s still a wonderful “Leave it to Beaver” feel to everyday life. With 3 bedrooms, 1.5 baths and 2,269 square feet, this well-maintained home offers charm, generous space and flexibility for today’s lifestyle. Classic Colonial details include a welcoming front entry, traditional floor plan, generous-sized rooms and the timeless appeal of a slate roof. The great room is the heart of the home, equally suited to entertaining or relaxing with family. A recently rebuilt three-season sunroom extends the living space and offers a charming place to enjoy the changing seasons and views of the beautifully landscaped yard. Outside, the picket-fenced backyard is surrounded by mature plantings, providing color and privacy throughout the seasons. The generous corner lot offers room to garden, play and enjoy the outdoors, while a storage shed keeps bikes, gardening equipment and outdoor toys tucked away. Quiet streets and sidewalks lead to three soccer fields, two playgrounds and a newly refurbished running track, while the brand-new West Elementary School adds to the neighborhood’s appeal for families. Downtown Andover’s shops, restaurants and amenities are close by, as is the commuter rail for an easy Boston connection. A special home in a special neighborhood - where classic Colonial character, wonderful outdoor space and everyday convenience come together.

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 2,269 sq ft principal dwelling). Lot size: 10,258 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

Original Price$899,900
Annual Taxes$11,126

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms8
Fireplaces2
FlooringTile, Concrete, Hardwood, Pine
BasementPartially Finished, Interior Entry, Bulkhead, Radon Remediation System, Concrete

Climate & Utilities

HeatingForced Air, Steam, Electric
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Slate, Metal
FoundationConcrete Perimeter, Stone
ZoningSRA

Property & Lot

Acres0.24
SqFt Lot10,258
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Gas Water Heater • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

18.25 x 13

Closet/Cabinets - Custom Built, Flooring - Wood, French Doors, Lighting - Sconce, Crown Molding

Dining Room
Lvl First

14 x 12.166666666

Flooring - Wood, Wainscoting, Crown Molding

Kitchen
Lvl First

18.25 x 13.166666666

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Stainless Steel Appliances

Family Room
Lvl First

22.5 x 13.166666666

Ceiling Fan(s), Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors

Primary Bedroom
Lvl Second

18.083333333 x 12.75

Ceiling Fan(s), Closet, Flooring - Wood

Bedroom 2
Lvl Second

18.75 x 14.416666666

Bedroom 3
Lvl Second

11.583333333 x 9

Ceiling Fan(s), Closet

Bathroom 1
Lvl First

4 x 3

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

9 x 6.333333333

Bathroom - Tiled With Tub, Recessed Lighting

Listing Provided By

Listing Agent: The Durling Group

Listing Office: Leading Edge Real Estate

MLS® Number: 73577918