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14 Forbes Ln Andover — Photo 1 of 42

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.

View Standard Listing

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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Open Houses

Property Details

Financials

Original Price$995,000
Annual Taxes$14,695

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms9
Fireplaces2
FlooringWood, Tile, Concrete, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Partially Finished, Interior Entry, Garage Access, Radon Remediation System, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas, Fireplace
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.52
SqFt Lot22,490
Lot FeaturesCorner 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

Main,First
Living RoomDining RoomKitchenFamily RoomPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2Bathroom 3
Main
Office
Living Room
Lvl Main,First

21.2 x 13.5

Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Crown Molding

Dining Room
Lvl Main,First

14.9 x 8.11

Flooring - Hardwood, Chair Rail, Open Floorplan, Crown Molding

Kitchen
Lvl Main,First

38 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 Main

12.5 x 10.6

Closet/Cabinets - Custom Built, Flooring - Hardwood, High Speed Internet Hookup

Family Room
Lvl Main,First

24.9 x 13.11

Flooring - Stone/Ceramic Tile, Open Floorplan, Recessed Lighting, Archway

Primary Bedroom
Lvl Main,First

17.1 x 11.5

Bathroom - 3/4, Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Closet - Double

Bedroom 2
Lvl Main,First

15.5 x 9.7

Bedroom 3
Lvl Main,First

15.5 x 9.6

Closet, Flooring - Hardwood

Bathroom 1
Lvl Main,First

13 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,First

7.1 x 6.5

Bathroom - 3/4, Flooring - Stone/Ceramic Tile, Remodeled, Lighting - Overhead

Bathroom 3
Lvl Main,First

5.5 x 4.3

Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Listing Provided By

Listing Agent: Annette Gregorio

Listing Office: Leading Edge Real Estate

MLS® Number: 73581304