23 Greenwood Drive Andover — Photo 1 of 40
$975,000
Investment Analysis — 23 Greenwood Drive
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 2.57% cap rate and $25,072/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,010
Style
Single Family
Built
1956
Welcome HOME to this inviting 4-bedroom, 2-bath Colonial that beautifully blends classic character with comfortable modern living. The updated kitchen offers a fresh, functional space for everyday cooking and entertaining, while the large family room provides plenty of room to gather, relax, and enjoy time with friends and family. The home features 4 generously sized bedrooms and two bathrooms, offering flexibility for family, guests, a home office, or other needs. Step outside and discover a relaxing backyard retreat - an ideal space for morning coffee, Summer gatherings, outdoor dining, or simply unwinding at the end of the day. Don't miss your opportunity, a home like this simply won't last!
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 2,010 sq ft principal dwelling). Lot size: 31,050 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 MLS and other third-party data may be inaccurate or out of date.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 • Range • Dishwasher • Microwave • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First23 x 13
Flooring - Hardwood, French Doors
Dining Room
Lvl First12 x 12
Flooring - Hardwood
Kitchen
Lvl First22 x 13
Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Kitchen Island
Family Room
Lvl First18 x 15
Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood
Primary Bedroom
Lvl Second13 x 12
Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second12 x 10
Bedroom 3
Lvl Second11 x 9
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second11 x 9
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondFlooring - Stone/Ceramic Tile
Listing Agent: Benjamin Gibson
Listing Office: RE/MAX Partners
MLS® Number: 73579070
