16R High St Andover — Photo 1 of 2
$629,900
Investment Analysis — 16R High St
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a home in 01810 carries an estimated $2,030/mo in gross rent — about a 2.91% cap rate and $18,330/yr in estimated NOI at the $629,900 list price. Adjust every assumption in the calculator below.
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Commercial
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Rare opportunity to acquire land in a desirable downtown Andover location. This parcel is zoned General Business (GB), offering a variety of potential uses (buyer to perform all due diligence). Potential uses may include retail, office, restaurant, multifamily, and other commercial uses, subject to town approvals and permitting requirements. The lot presents a great opportunity for future development or investment. Conveniently located near local shops, dining, and commuter routes. See attached documents on the paperclip for additional information.
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 MLS and other third-party data may be inaccurate or out of date.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
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Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Listing Agent: Team Lillian Montalto
Listing Office: Lillian Montalto Signature Properties
MLS® Number: 73496300