Active
200 Days on market
154 Main St Andover — Photo 1 of 42

154 Main St Andover — Photo 1 of 42

$1,890,000

Investment Analysis — 154 Main 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 0.75% cap rate and $14,096/yr in estimated NOI at the $1,890,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,945

Style

Single Family

Built

1860

The Hannah Fay House sits steps from the campus of Phillips Academy in one of the most sought after areas of Andover. This award winning Italianate home offers the close residential location to the campus and is available fully furnished.A full renovation restored historic details while adding modern updates. The project received a 2015 Silver PRISM Award from the Builders and Remodelers Association of Greater Boston and was featured by Howell Custom Building Group.The kitchen includes granite countertops, custom cabinetry, a large island, refrigerated drawers, a wine cooler, and appliances from Sub-Zero and Wolf.The first floor offers a dining room, living room, office, and screened porch with 10 foot ceilings. The main bedroom overlooks the backyard and includes a private rooftop deck and a marble bath with radiant heated floors. Two additional bedrooms and laundry sit on the second floor, while the renovated third floor provides space for study or gathering, and two more bedrooms.

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 2,945 sq ft principal dwelling). Lot size: 14,462 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.

Property Details

Financials

Original Price$1,890,000
Annual Taxes$18,098

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms10
Fireplaces1
FlooringWood, Tile, Hardwood, Flooring - Hardwood
BasementSump Pump, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Hot Water, Radiant, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningSRA

Property & Lot

Acres0.33
SqFt Lot14,462
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Range • Dishwasher • Disposal • Trash Compactor • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Walk/Jog Trails • Highway Access • House of Worship • Private School • Public School

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4Bedroom 5
Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 3
Living Room
Lvl First

15 x 14

Wood / Coal / Pellet Stove, Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Open Floorplan

Dining Room
Lvl First

15 x 13

Flooring - Hardwood, Window(s) - Picture, Exterior Access

Kitchen
Lvl First

16 x 15

Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Family Room
Lvl First

15 x 14

Flooring - Hardwood, Window(s) - Picture, Open Floorplan

Primary Bedroom
Lvl Second

17 x 13

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Picture, Balcony / Deck, Exterior Access

Bedroom 2
Lvl Second

14 x 14

Bedroom 3
Lvl Second

14 x 14

Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture

Bedroom 4
Lvl Third

15 x 14

Flooring - Hardwood, Window(s) - Picture

Bedroom 5
Lvl Third

15 x 14

Flooring - Hardwood, Window(s) - Picture

Bathroom 1
Lvl Second

13 x 10

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Recessed Lighting, Wainscoting

Bathroom 2
Lvl Second

10 x 9

Bathroom - Full, Closet - Linen, Dryer Hookup - Electric, Washer Hookup

Bathroom 3
Lvl First

6 x 4

Bathroom - Half, Flooring - Hardwood

Listing Provided By

Listing Agent: Dillon Liu

Listing Office: D&W Real Estate LLC

MLS® Number: 73484030