
48 Reservation Road Andover — Photo 1 of 35
Recent Drop: $251,000
$1,999,000
Investment Analysis — 48 Reservation Road
Andover, MA 01810
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 0.77% cap rate and $15,409/yr in estimated NOI at the $1,999,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
5.5
SqFt
4,838
Style
Single Family
Built
2014
Elegant and impressive yet warm and welcoming. A unique flow lends itself to entertaining or cozy evenings reading by the fire. As you enter the soaring two story foyer you will immediately be impressed by the unique design and quality of build. A home office is privately located just off the foyer. An optional primary en suite bedroom is a few steps down from the main level. The dining room is a dinner host's dream with it's dramatic cathedral ceiling, floor to ceiling windows and stunning chandelier. The family and living rooms are both inviting and architecturally interesting. Last but not least, the kitchen has a thoughtful layout, high end appliances, wine refrigerator and a generously sized pantry. The second floor hosts the main en suite bedroom with a walk in closet. The 3rd and 4th bedrooms have private baths. In the lower level you will find a bonus room, workout room, full bath and an enormous storage area. And the yard! Absolutely gorgeous slate patio with an outdoor kitchen complete with a tankless propane grill, sink, refrigerator, granite countertop and storage drawers. There is an outdoor eating area as well as a sitting area with a stunning outdoor fireplace. A hot tub and storage shed complete the fully fenced in back yard. 2.4 miles from downtown. Generator has been installed.
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 4,838 sq ft principal dwelling). Lot size: 36,590 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 • Dishwasher • Wine Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl First16.6 x 12.1
Vaulted Ceiling(s), Flooring - Hardwood
Kitchen
Lvl First28.3 x 18.6
Flooring - Hardwood, Dining Area, Pantry, Countertops - Upgraded, Kitchen Island, Stainless Steel Appliances, Wine Chiller
Office
Lvl Main13.6 x 11.1
Ceiling - Vaulted, Flooring - Hardwood
Family Room
Lvl First16.1 x 16.9
Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood
Primary Bedroom
Lvl Second14.11 x 13.4
Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First14.11 x 12.2
Bedroom 3
Lvl Second14 x 13.4
Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second13.11 x 12.1
Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet
Property History
$1,999,000
Was $2,250,000
Sep 8, 2026
MLS® 73534450
$2,250,000
Jun 11, 2026
MLS® 73534450
Listing Agent: Angela Sweeney
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73534450