Active
4 Days on market
2 Francis Drive #301 Andover — Photo 1 of 39

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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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.

Open Houses

Property Details

Financials

Original Price$539,900
Annual Taxes$7,239
HOA Fee$689

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Carpet, Flooring - Engineered Hardwood
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
Foundation--
ZoningRES

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Laundromat • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2
Unknown
Bathroom 1Bathroom 2
Living Room
Lvl First

16 x 13

Balcony / Deck, Open Floorplan, Crown Molding, Flooring - Engineered Hardwood

Dining Room
Lvl First

15 x 9

Open Floorplan, Wainscoting, Lighting - Pendant, Crown Molding, Flooring - Engineered Hardwood

Kitchen
Lvl First

14 x 13

Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Flooring - Engineered Hardwood

Primary Bedroom
Lvl First

13 x 15

Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl First

16 x 11

Bathroom 1
Lvl null

9 x 10

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Closet - Linen, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl null

10 x 9

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: Nicole Pelosi

Listing Office: Keller Williams Realty

MLS® Number: 73574098