196 Middlesex St North Andover — Photo 1 of 42
$749,900
Investment Analysis — 196 Middlesex St
North Andover, MA 01845
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01845 carries an estimated $3,960/mo in gross rent — about a 3.88% cap rate and $29,114/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,520
Style
Single Family
Built
1900
LOVELY, CHARMING BUNGALOW! Welcome to 196 Middlesex Street, located in the area commonly known as North Andover’s Library District. This inviting home offers hardwood floors, a warm gas-fireplaced living room, and a gorgeous kitchen with oak cabinetry and granite countertops, with plenty of space for cooking and gathering. Two first-floor bedrooms and a full bath provide convenient, flexible living space. Step outside to enjoy the fenced-in backyard, perfect for entertaining, gardening, play, or simply relaxing. Enjoy a convenient location close to the library, town center, parks, schools, shopping, dining, recreation, and local amenities. A wonderful opportunity to own a charming bungalow in a sought-after North Andover location!
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 2,520 sq ft principal dwelling). Lot size: 4,500 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 MLS and other third-party data may be inaccurate or out of date.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 • Water Heater • Range • Dishwasher • Microwave
Neighborhood
Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 12
Ceiling Fan(s), Flooring - Hardwood
Dining Room
Lvl First12 x 16
Ceiling Fan(s), Flooring - Hardwood, Wainscoting
Kitchen
Lvl First14 x 23
Ceiling Fan(s), Flooring - Hardwood, Kitchen Island, Lighting - Overhead
Primary Bedroom
Lvl Second14 x 22
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second19 x 21
Bedroom 3
Lvl First14 x 11
Ceiling Fan(s), Flooring - Hardwood
Bedroom 4
Lvl First14 x 11
Flooring - Hardwood
Bathroom 1
Lvl First10 x 7
Bathroom 2
Lvl Second10 x 8
Listing Agent: The Deborah Lucci Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73580721
