
378 Salem Street Andover — Photo 1 of 42
$1,749,000
Investment Analysis — 378 Salem Street
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 0.98% cap rate and $17,218/yr in estimated NOI at the $1,749,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
4,582
Style
Single Family
Built
2022
Welcome to this stunning 4-year-old, 5-bedroom home, beautifully positioned to take advantage of its picturesque water views and serene setting. Thoughtfully designed with exceptional craftsmanship, elegant finishes, and an abundance of living space, this remarkable residence offers the perfect blend of sophistication, comfort, and everyday functionality. From the moment you arrive, the inviting farmers porch welcomes you into a home designed for both gracious entertaining and relaxed living. At the heart of the home is the spectacular eat-in kitchen, featuring an impressive amount of cabinetry, upgraded appliances, a spacious walk-in pantry, and a large center island—perfect for gathering with family and friends. The kitchen flows seamlessly into the stunning fireplaced living room, where the beautiful, coffered ceiling adds architectural character and elegance. A formal dining room provides an ideal setting for memorable meals and special occasions, while the spacious first-floor bedroom with a full bath offers exceptional flexibility for guests, extended family, or comfortable one-level living. Upstairs, the luxurious primary suite offers a private bath and two walk-in closets, creating a peaceful retreat at the end of the day. Two additional bedrooms provide generous space for family and guests, while a spacious family room and separate office offer the perfect balance of work, relaxation, and everyday living. The third floor adds an incredible level of versatility with a generous bonus room, full bath, and fifth bedroom. Whether used as a private guest suite, teen retreat, media room, home gym, or peaceful getaway, this additional living space offers endless possibilities. Outside, take in the beautiful water views from the multiple patios or relax on the welcoming farmers porch. These outdoor spaces create the perfect backdrop for morning coffee, entertaining, summer gatherings, or quiet evenings enjoying the peaceful surroundings. Additional highlights include central air conditioning, a whole-house generator, and an oversized three-car garage offering abundant space for vehicles, storage, and hobbies. With its beautiful water views, exceptional floor plan, spacious and flexible living areas, and impressive attention to detail, this extraordinary Andover home offers a lifestyle that is both elegant and comfortable. Move-in ready and designed for today’s way of living, this is a truly special property you’ll be proud to call home.
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 4,582 sq ft principal dwelling). Lot size: 67,518 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Walk/Jog Trails • Bike Path • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCoffered Ceiling(s), Flooring - Hardwood, Recessed Lighting
Dining Room
Lvl FirstFlooring - Hardwood, Wainscoting, Lighting - Overhead, Crown Molding
Kitchen
Lvl FirstFlooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Overhead, Crown Molding, Tray Ceiling(s)
Office
Lvl SecondFlooring - Hardwood, Lighting - Overhead
Family Room
Lvl SecondFlooring - Wall to Wall Carpet, Recessed Lighting
Master Bedroom
Lvl SecondBathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Lighting - Overhead, Closet - Double
Bedroom 2
Lvl FirstBedroom 3
Lvl SecondWalk-In Closet(s), Flooring - Hardwood, Lighting - Overhead
Bedroom 4
Lvl SecondWalk-In Closet(s), Flooring - Hardwood, Lighting - Overhead
Bedroom 5
Lvl ThirdWalk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity
Listing Agent: The Joe & Cindy Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73562685