Active
3 Days on market
237 N Main St #5 Andover — Photo 1 of 20

237 N Main St #5 Andover — Photo 1 of 20

$349,900

Investment Analysis — 237 N Main St #5

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 3.41% cap rate and $11,938/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1.5

SqFt

1,000

Style

Condominium

Built

1965

Welcome home to Washington Park Condominiums, ideally located in walkable distance of downtown Andover. This spacious and well-appointed condo offers comfortable living with an open and functional layout. The home features a generous primary suite with a walk-in closet and private half bath, along with a spacious secondary bedroom. The open-concept living and dining areas provide an inviting space for everyday living and entertaining, with sliders leading to a private balcony. The well-equipped kitchen offers an abundance of cabinetry, granite countertops, dishwasher, refrigerator, and garbage disposal, along with plenty of additional storage throughout the unit. The condominium fee includes heat, hot water, water, sewer, snow removal, trash collection, landscaping, and other common-area services. Community amenities include an on-site laundry facility, swimming pool, and tennis court. Enjoy a prime location within walking distance of downtown Andover, Shawsheen Square, MVRTA bus service, restaurants, shopping, the post office, banking, and much more. Don't miss this opportunity to enjoy convenient condominium living! Sale is subject to seller securing suitable housing.

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 MLS and other third-party data may be inaccurate or out of date.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$349,900
Annual Taxes$3,847
HOA Fee$919

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
FireplacesNone
Flooring--
BasementN

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningAPT

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Unknown
Living RoomDining RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl null

Walk-In Closet(s), Flooring - Vinyl, Balcony - Exterior, Open Floorplan

Dining Room
Lvl null

Flooring - Vinyl, Lighting - Overhead

Kitchen
Lvl null

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Lighting - Overhead

Primary Bedroom
Lvl null

Bathroom - Half, Walk-In Closet(s), Flooring - Vinyl

Bathroom 1
Lvl null

Bathroom - Full, Bathroom - With Tub & Shower

Listing Provided By

Listing Agent: Esther Summersett

Listing Office: Hadassah Homes, Inc.

MLS® Number: 73579237