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1881 Great Pond Road North Andover — Photo 1 of 41

$679,900

Investment Analysis — 1881 Great Pond Road

North Andover, MA 01845

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01845 carries an estimated $3,590/mo in gross rent — about a 3.71% cap rate and $25,250/yr in estimated NOI at the $679,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,563

Style

Single Family

Built

1970

Welcome Home to Comfort, Charm & Possibility! Nestled behind a peaceful wooded front yard, this refreshed ranch offers the perfect blend of comfort, natural beauty, and easy one-level living. Gleaming refinished oak hardwood floors flow throughout the home, while a cozy brick fireplace creates a warm and inviting gathering space. The sunroom, a true seller favorite, fills the home with sunshine and offers the perfect spot to enjoy your morning coffee, curl up with a good book, or gather with friends. Fresh paint, refinished hardwood floors, and a recently repointed chimney add to the home's appeal, while ceramic tile in the kitchen and bathrooms provides everyday practicality. Generous closets offer plenty of storage, and the heated basement—with its own thermostat—opens the door to a workshop, hobby space, future expansion, or additional storage. Step outside to enjoy the newly installed pool deck steps, a little pool Tlc and the possibility of a peaceful setting that could this property feel like home. With thoughtful updates, solid potential, and room to create your own memories, this charming ranch is ready to welcome its next chapter—and perhaps yours! This home’s sought out location is close to highways, restaurants and private schools. Don’t miss the opportunity!

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: 782 sq ft (the lesser of 900 sq ft or half the 1,563 sq ft principal dwelling). Lot size: 55,756 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.