
40 Edgelawn Ave #3 North Andover — Photo 1 of 28
$309,900
Investment Analysis — 40 Edgelawn Ave #3
North Andover, MA 01845
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01845 carries an estimated $2,990/mo in gross rent — about a 5.84% cap rate and $18,085/yr in estimated NOI at the $309,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
850
Style
Condominium
Built
1968
Welcome to Heritage Green in North Andover! This bright and inviting 2-bedroom, 1-bath condominium offers comfortable living, a private setting, and an impressive selection of community amenities. This second level unit and it's well-designed layout features a spacious living room filled with natural light and a slider leading to a private balcony, an ideal spot for slow mornings, relaxing, or enjoying the beautifully maintained grounds.The eat-in kitchen provides a functional space for everyday living and entertaining, while two generously sized bedrooms offer plenty of room for comfortable living, guests, a home office, or additional flexibility. With the living space this home offers it is an efficient and easy-to-maintain layout. Those who live here, enjoy an exceptional amount of on site amenities, including an in-ground swimming pool, clubhouse, fitness center, tennis courts, basketball court, and playground. The community also offers ample parking and additional storage, with laundry facilities conveniently located within the building. The condo fee provides added convenience by covering heat, hot water, water, gas, master insurance, exterior maintenance, landscaping, snow removal, and refuse removal, allowing for a truly low-maintenance lifestyle. Perfectly situated near shopping, restaurants, major highways, and close to Merrimack College, this location combines convenience with a peaceful residential setting. With easy access to Routes 495 and 93 and nearby commuter options, getting where you need to go is simple. Whether you're looking for a comfortable place to call home or a smart investment opportunity, this Heritage Green condominium offers an excellent combination of location, amenities, convenience, and value. Come see why Heritage Green is such a desirable North Andover community!
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
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Pool • Park • Laundromat • Other
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second18 x 15
Flooring - Laminate, Balcony / Deck, Exterior Access, Slider
Kitchen
Lvl Second10 x 12
Flooring - Vinyl, Countertops - Stone/Granite/Solid, Cabinets - Upgraded
Master Bedroom
Lvl Second15 x 11
Flooring - Laminate
Bedroom 2
Lvl Second13 x 10
Bathroom 1
Lvl Second8 x 5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$309,900
Aug 25, 2026
MLS® 73568074
$1,200
Mar 8, 2011
MLS® 71172462
$1,200
Dec 21, 2010
MLS® 71172462
Listing Agent: Rey Garcia
Listing Office: Compass
MLS® Number: 73568074