
37 Porter Road Andover — Photo 1 of 40
$2,395,000
Investment Analysis — 37 Porter Road
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 5-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 0.85% cap rate and $20,358/yr in estimated NOI at the $2,395,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
5.5
SqFt
4,702
Style
Single Family
Built
1758
Rarely does a home carry both the weight of history and the comfort of modern living so gracefully. This wonderfully restored and renovated antique sits on the corner of one of Andover's finest neighborhoods, in the heart of the coveted Pike School and Phillips Academy area. Built in 1758 by Hezekiah Ballard and later transferred to Thomas Manning in 1771, the home remained in the Manning family for over two centuries, until 1999. It is proudly listed on the National Register of Historic Places, one of Andover's most historically significant homes. Enjoy living in a home with true historic character and every modern convenience. The kitchen and all 5.5 baths have been thoughtfully and recently updated, along with every major system, electric and heating included, so timeless charm comes paired with modern-day reliability. The first floor offers a spacious country kitchen with gas fireplace, DR with hardwood floors, family room with a Colonial cooking fireplace and coffered ceiling, living room with Colonial cooking FP. and office with coffered ceiling. 5 Bedrooms & 5 baths on the 2nd floor. 2 BR's have wide pine floors. Preservation Document to be reviewed and acknowledged by buyer (see Clipboard)
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 4,702 sq ft principal dwelling). Lot size: 20,347 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 15
Flooring - Wood
Dining Room
Lvl First18 x 16
Flooring - Wood
Kitchen
Lvl First23 x 13
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Country Kitchen, Deck - Exterior, Lighting - Pendant
Office
Lvl First12 x 11
Ceiling - Coffered, Flooring - Wood, Pocket Door
Family Room
Lvl First12 x 19
Coffered Ceiling(s), Flooring - Hardwood
Primary Bedroom
Lvl Second34 x 18
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second18 x 12
Bedroom 3
Lvl Second14 x 15
Bathroom - 3/4, Flooring - Hardwood
Bedroom 4
Lvl Second18 x 16
Bathroom - 3/4, Fireplace, Flooring - Wood
Bedroom 5
Lvl Second18 x 16
Flooring - Wood
Bathroom 1
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Soaking Tub
Bathroom 2
Lvl SecondBathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl SecondBathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: The Deborah Lucci Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73575903