1055 Salem Street North Andover — Photo 1 of 39
$1,200,000
Investment Analysis — 1055 Salem Street
North Andover, MA 01845
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01845 carries an estimated $3,960/mo in gross rent — about a 2.08% cap rate and $24,999/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
3,495
Style
Single Family
Built
2014
Welcome.. This beautifully designed single-family home offers an expansive 3,495 square feet of meticulous living space. This home stands as a testament to contemporary design and comfort, providing an unparalleled living experience. The home features five well-proportioned bedrooms, providing ample private accommodations for owners and guests alike. Complementing these large bedrooms are three and a half bathrooms ensuring convenience and functionality for a bustling household. Situated on a generous 24,389 square foot lot, the property offers considerable outdoor space with a large deck for recreation and relaxation. A two-car garage provides secure parking and extra storage. We invite you to discover the full potential of this exceptional North Andover home. The home also features, a great room with 14 foot ceilings, Built in office, Open floor plan with amazing crow molding throughout, new oven and dishwasher, hardwood flooring throughout. and central A/C, Just to name a few. Come see all this home has to offer!!!
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 3,495 sq ft principal dwelling). Lot size: 24,389 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Refrigerator • Range Hood
Neighborhood
Shopping • Park • Walk/Jog Trails • Medical Facility • Conservation Area • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCathedral Ceiling(s), Flooring - Hardwood, Archway
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan, Lighting - Overhead, Crown Molding
Kitchen
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Dining Area, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Gas Stove, Crown Molding
Master Bedroom
Lvl SecondBathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondWalk-In Closet(s), Flooring - Hardwood
Bedroom 4
Lvl ThirdWalk-In Closet(s), Flooring - Hardwood
Bedroom 5
Lvl ThirdWalk-In Closet(s), Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Bathroom 3
Lvl ThirdBathroom - Full
Listing Agent: John Barry
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73550838