
14 Forbes Ln Andover — Photo 1 of 42
$995,000
Investment Analysis — 14 Forbes Ln
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 1.76% cap rate and $17,499/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,540
Style
Single Family
Built
1965
A coveted Andover location, effortless one-level living, and a neighborhood that feels just right—welcome to 14 Forbes Lane. Set in a beautiful, walkable neighborhood close to renowned Phillips Academy and vibrant downtown Andover, this inviting ranch puts so much of what makes the community special within easy reach. Head downtown for dinner, meet friends for coffee, browse local shops, or simply enjoy a stroll through this picturesque area. Commuters will appreciate Ballardvale Station just 1.6 miles away, offering convenient rail service to Boston.Inside, a warm, refreshed interior feels comfortable and current, with a soft neutral paint palette, and beautifully refinished hardwood floors creating an easy backdrop for everyday living. Three bedrooms and 2.5 baths are complemented by a dedicated home office and first-floor laundry, while an attached two-car garage adds everyday convenience. A comfortable family room with gas fireplace offers an inviting place to gather and relax. Downstairs, an open and spacious game room with a wood-burning fireplace provides additional space for recreation, hobbies, or casual gatherings.Privately positioned within the home, the primary suite has received thoughtful attention, including custom-crafted closet doors and a beautifully updated bath with tiled shower, white oak vanity, brass fixtures, and stylish lighting.Just outside, a level backyard surrounded by established landscaping and colorful perennials offers wonderful space to entertain, garden, play, or unwind around the fire pit on a crisp New England evening. With highly regarded Andover schools, Phillips Academy and downtown nearby, easy access to Boston, and the simplicity of single-level living, 14 Forbes Lane brings together location, lifestyle, and everyday comfort in a setting that is hard to beat.
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 2,540 sq ft principal dwelling). Lot size: 22,490 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First21.2 x 13.5
Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Crown Molding
Dining Room
Lvl Main,First14.9 x 8.11
Flooring - Hardwood, Chair Rail, Open Floorplan, Crown Molding
Kitchen
Lvl Main,First38 x 9.6
Skylight, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Peninsula, Lighting - Pendant
Office
Lvl Main12.5 x 10.6
Closet/Cabinets - Custom Built, Flooring - Hardwood, High Speed Internet Hookup
Family Room
Lvl Main,First24.9 x 13.11
Flooring - Stone/Ceramic Tile, Open Floorplan, Recessed Lighting, Archway
Primary Bedroom
Lvl Main,First17.1 x 11.5
Bathroom - 3/4, Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Closet - Double
Bedroom 2
Lvl Main,First15.5 x 9.7
Bedroom 3
Lvl Main,First15.5 x 9.6
Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,First13 x 7.7
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Pendant, Lighting - Overhead
Bathroom 2
Lvl Main,First7.1 x 6.5
Bathroom - 3/4, Flooring - Stone/Ceramic Tile, Remodeled, Lighting - Overhead
Bathroom 3
Lvl Main,First5.5 x 4.3
Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Listing Agent: Annette Gregorio
Listing Office: Leading Edge Real Estate
MLS® Number: 73581304