
2 Francis Drive #301 Andover — Photo 1 of 39
$539,900
Investment Analysis — 2 Francis Drive #301
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01810 carries an estimated $2,940/mo in gross rent — about a 2.09% cap rate and $11,306/yr in estimated NOI at the $539,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,490
Style
Condominium
Built
2017
Welcome to Riverside Woods, Andover’s premier 62+ community! This spacious and sun-filled corner unit offers nearly 1,500 sq. ft. of single-level living with 2 bedrooms and 2 full baths. Freshly painted throughout and truly move-in ready, the open-concept kitchen features granite countertops, stainless steel appliances, a generous center island, and flows into the bright living and dining areas. Step outside to your private balcony, perfect for morning coffee or relaxing at the end of the day. The spacious primary suite offers a walk-in closet and private bath, while a well-proportioned second bedroom and full guest bath provide flexibility for guests, an office, or den. Central air, natural gas heat, in-unit laundry, elevator access, clubhouse, fitness center, and walking trails complete the package. Enjoy low-maintenance living just minutes from Andover’s shopping, dining, and major routes.
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 MLS and other third-party data may be inaccurate or out of date.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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 13
Balcony / Deck, Open Floorplan, Crown Molding, Flooring - Engineered Hardwood
Dining Room
Lvl First15 x 9
Open Floorplan, Wainscoting, Lighting - Pendant, Crown Molding, Flooring - Engineered Hardwood
Kitchen
Lvl First14 x 13
Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Flooring - Engineered Hardwood
Primary Bedroom
Lvl First13 x 15
Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First16 x 11
Bathroom 1
Lvl null9 x 10
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Closet - Linen, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl null10 x 9
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Nicole Pelosi
Listing Office: Keller Williams Realty
MLS® Number: 73574098