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275 S Main St Andover — Photo 1 of 39

275 S Main St Andover — Photo 1 of 39

$1,749,000

Investment Analysis — 275 S Main St

Andover, MA 01810 — South Main / Phillips Academy

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 0.88% cap rate and $15,316/yr in estimated NOI at the $1,749,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

4,608

Style

Single Family

Built

2021

This reimagined South Main Street residence blends historic architecture with a rebuilt interior designed for modern living. Defined by soaring ceilings, oversized windows & exceptional room scale throughout, the home offers a rare sense of openness not often found in homes of this character. The first floor features expansive living & entertaining spaces centered around a dramatic open kitchen/living area, dining nook, dedicated office & connected gathering spaces. The expansive primary suite offers impressive scale, while the finished third level — currently used as a gym — provides flexibility for a 5th bedroom, guest suite, office or retreat. Nearly every aspect of the home has been renovated, replaced or rebuilt within the last four years. Attached 3-car garage w/ epoxy speckled flooring. Set just down the road from Phillips Academy & downtown Andover w/ enhanced perimeter landscaping for long-term privacy.

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 4,608 sq ft principal dwelling). Lot size: 36,691 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.

Property Details

Financials

Original Price$1,749,000
Annual Taxes$20,161

Parking

Garage3
Off-Street11

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Interior Entry, Bulkhead, Unfinished

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.84
SqFt Lot36,691
Lot FeaturesEasements, Cleared, Level

Amenities & Appliances

Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Wine Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
OfficeBathroom 1
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

35 x 26

Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

14 x 25

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled, Lighting - Overhead

Kitchen
Lvl Main,First

22 x 10

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Overhead

Office
Lvl First

14 x 15

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled

Master Bedroom
Lvl Second

23 x 22

Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled

Bedroom 2
Lvl Second

13 x 15

Bedroom 3
Lvl Second

14 x 11

Ceiling Fan(s), Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled

Bedroom 4
Lvl Second

14 x 12

Ceiling Fan(s), Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled

Bathroom 1
Lvl First

3 x 8

Bathroom - Half, Flooring - Stone/Ceramic Tile, Recessed Lighting, Remodeled, Lighting - Pendant

Bathroom 2
Lvl Second

7 x 6

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box

Bathroom 3
Lvl Second

14 x 11

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting, Remodeled, Lighting - Pendant, Soaking Tub

Property History

Listed
$1,749,000

Sep 11, 2026

MLS® 73575820

Terminated
$1,799,000

Sep 10, 2026

MLS® 73517526

Listed
$1,799,000

May 13, 2026

MLS® 73517526

Listing Provided By

Listing Agent: The Lush Group

Listing Office: Compass

MLS® Number: 73575820