48 Gray Road Andover — Photo 1 of 38
$849,900
Investment Analysis — 48 Gray Road
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 3.01% cap rate and $25,586/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,554
Style
Single Family
Built
1970
Want to live in a home that feels like a real-life treehouse? Surrounded by trees, this home offers incredible privacy while still giving you the convenience of a great location.Inside, there’s so much space to spread out, including four bedrooms, two full bathrooms, and a flexible playroom or bonus family room. The show-stopping family room features cathedral ceilings and walls of glass overlooking the private backyard—the perfect spot for holidays, game days, and gatherings with friends.A cozy sunroom, ample storage, and a newer roof and septic system complete the package. Plus, you’re close to conservation trails, commuter routes, and downtown Andover!
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 2,554 sq ft principal dwelling). Lot size: 44,954 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 MLS and other third-party data may be inaccurate or out of date.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.
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl FirstFlooring - Hardwood
Family Room
Lvl FirstCathedral Ceiling(s), Flooring - Wall to Wall Carpet
Primary Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Wall to Wall Carpet
Bedroom 4
Lvl BasementFlooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile, Hot Tub / Spa
Bathroom 2
Lvl BasementBathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Listing Agent: The Kennedy Team
Listing Office: Classified Realty Group
MLS® Number: 73578102