
33 School Street #3 Andover — Photo 1 of 42
$879,000
Investment Analysis — 33 School Street #3
Andover, MA 01810 — In Town
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 2.77% cap rate and $24,361/yr in estimated NOI at the $879,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,342
Style
Single Family
Built
1850
Experience a condo that lives like a single-family home. This home is a condo and is part of an HOA with a quarterly HOA fee. See MLS listing #73573895. You’ll feel the warmth of this historic home from the moment you step inside. A small portion of the front entryway is the only common wall with the adjacent unit, making way for plenty of windows and natural light streaming in on every level of this charming home. Relax and entertain in the oversized living room and dining room, while preparing fabulous meals in the renovated and modern gourmet kitchen. Enjoy the peaceful solitude of the back deck while sipping your morning coffee or happy hour refreshments. Large private yard surrounded by mature trees and vibrant landscaping, visible from almost every room in the house. Upstairs you’ll have plenty of privacy with four bedrooms and two bathrooms on two levels, plus dedicated office space for those work-from-home days.Just blocks to Main Street for cafes, boutiques, and the weekend farmers market. Close to both Phillips Academy and the train station to commute into Boston. You cannot beat this location - mere minutes from all the best amenities in town, and quick access to all major highways - all at an affordable price. Schedule your showing today to see why 33 School Street checks all of your boxes for easy living in downtown Andover.
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 2,342 sq ft principal dwelling).
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • House of Worship • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 15
Flooring - Hardwood
Dining Room
Lvl First15 x 13
Closet, Flooring - Hardwood
Kitchen
Lvl First15 x 13
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, French Doors, Cabinets - Upgraded, Deck - Exterior, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove
Office
Lvl Second10 x 10
Closet, Flooring - Wood
Family Room
Lvl Second21 x 15
Closet, Flooring - Wall to Wall Carpet
Master Bedroom
Lvl Second14 x 13
Closet, Flooring - Wood
Bedroom 2
Lvl Second14 x 13
Bedroom 3
Lvl Third12 x 12
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First10 x 10
Bathroom - Full, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl Second10 x 7
Bathroom - Full
Bathroom 3
Lvl Third8 x 5
Bathroom - 3/4
Listing Agent: Cathy Johnson
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73574964