
1401 Great Pond Road #2 North Andover — Photo 1 of 29
$319,000
Investment Analysis — 1401 Great Pond Road #2
North Andover, MA 01845
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01845 carries an estimated $2,280/mo in gross rent — about a 3.79% cap rate and $12,081/yr in estimated NOI at the $319,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
783
Style
Condominium
Built
1900
Welcome home to The Colonnade, an 18-unit, pet-friendly community where historic charm, modern updates, and a welcoming neighborhood come together in a picturesque hilltop setting. Tucked away across from Brooks School, this immaculate 1-bedroom, 1-bath condo offers the opportunity to enjoy low-maintenance living in a community rich in character and charm. Step inside to a sunken living room with soaring ceilings and oversized windows that fill the space with natural light. The updated kitchen features white shaker cabinetry, granite countertops, black stainless steel appliances, a breakfast bar for easy mornings and a separate dining area perfect for everyday meals or a home office nook. Freshly painted throughout, this move-in ready home offers a bright, refreshed feel. The bedroom features a loft area offering flexible space for a cozy retreat, guest sleeping or storage. Generous closet space throughout. Enjoy the convenience of your own dedicated exterior entrance, a garage with additional storage just steps away, laundry conveniently located down the hall, and a private outdoor space ideal for morning coffee, evening relaxation, or unwinding with a good book. Life at The Colannade is about more than just the home. You'll enjoy a friendly community and you'll love having the nearby conservation land for so much outdoor fun. Just minutes down the road are restaurants, a gourmet butcher, coffee shops, ice cream & more. Move right in and experience the perfect blend of character, community, and convenience at The Colonnade!
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 • Disposal • Microwave • Refrigerator
Neighborhood
Shopping • Walk/Jog Trails • Golf • House of Worship • Private School • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Flooring - Vinyl, Exterior Access, Lighting - Overhead
Kitchen
Lvl Main,FirstFlooring - Vinyl, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Peninsula, Lighting - Overhead
Primary Bedroom
Lvl FirstFlooring - Vinyl, Closet - Double
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead
Property History
$319,000
Sep 30, 2026
MLS® 73584308
$115,000
Sep 21, 2011
MLS® 71245409
$125,000
Jun 8, 2011
MLS® 71245409
Listing Agent: Elizabeth Salamone
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73584308








