184 Elm St Andover — Photo 1 of 31
$829,900
Investment Analysis — 184 Elm St
Andover, MA 01810 — In Town
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 2.77% cap rate and $23,005/yr in estimated NOI at the $829,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,882
Style
Single Family
Built
1940
Beautifully maintained and move-in ready, this charming Cape-style home offers the perfect opportunity to enter the highly desirable Andover market while enjoying comfort, flexibility, and timeless appeal. This inviting home combines practical living with thoughtful updates throughout. The convenient first-floor primary suite provides easy everyday living and features a private en-suite bath, making it a wonderful option for homeowners seeking one-level convenience. The cozy gas fireplace provides low maintenance, convenient use. The kitchen is well-appointed with stainless steel appliances and double wall ovens, offering both style and functionality for daily living and entertaining alike.Perfectly blending classic Cape charm with modern comfort, this turnkey home is ideally located with easy access to commuter routes, shopping and dining.
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 1,882 sq ft principal dwelling). Lot size: 13,010 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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Gas Water Heater • Oven • Dishwasher • Refrigerator • Washer • Dryer
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Listing Agent: Sera Manzi
Listing Office: Preview Realty
MLS® Number: 73581329