
213 Salem St Andover — Photo 1 of 27
$749,900
Investment Analysis — 213 Salem 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 3.04% cap rate and $22,800/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,562
Style
Single Family
Built
1957
Turnkey One-Level Living in Desirable Andover! Welcome to this beautifully maintained ranch-style home offering easy one-level living with 3 bedrooms and 1 full bath, ideally located in the sought-after Bancroft/Doherty School District. A wonderful opportunity for buyers looking for comfort, convenience, and a flexible floor plan in a prime Andover location. The inviting living and dining room combination features beautiful hardwood flooring and opens to a fabulous southwest-facing sunroom with a vaulted ceiling and ceiling fan. Filled with natural light, the sunroom provides direct access to the deck overlooking the private backyard—a wonderful setting for relaxing, entertaining, or simply enjoying the outdoors. A cozy eat-in kitchen offers a comfortable space for casual meals and everyday living. The bedroom wing features three nicely sized bedrooms, each with hardwood flooring and ample closet space, along with a tiled full bath. The walk-out lower level adds valuable living space with a comfortable family room featuring a large bay window and wood stove, creating a warm and inviting gathering space. Additional lower-level space provides excellent storage and flexibility. Conveniently located near major commuter routes and just minutes from prestigious Phillips Academy, downtown Andover, shopping, dining, and area amenities. Turnkey, well located, and offering wonderful potential—this is a must-see!
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: 781 sq ft (the lesser of 900 sq ft or half the 1,562 sq ft principal dwelling). Lot size: 35,218 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 • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 14
Flooring - Hardwood
Dining Room
Lvl First12 x 14
Flooring - Hardwood
Kitchen
Lvl First20 x 9
Flooring - Vinyl
Family Room
Lvl Basement15 x 25
Wood / Coal / Pellet Stove, Window(s) - Bay/Bow/Box
Primary Bedroom
Lvl First11 x 14
Flooring - Hardwood
Bedroom 2
Lvl First10 x 12
Bedroom 3
Lvl First10 x 8
Flooring - Hardwood
Bathroom 1
Lvl First5 x 8
Bathroom - Full, Closet - Linen, Flooring - Vinyl
Listing Agent: The Carroll Group
Listing Office: RE/MAX Partners
MLS® Number: 73578465