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6 Days on market

197 Abbott Street North Andover — Photo 1 of 41

$1,275,000

Investment Analysis — 197 Abbott Street

North Andover, MA 01845

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01845 carries an estimated $3,960/mo in gross rent — about a 2.03% cap rate and $25,890/yr in estimated NOI at the $1,275,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

3.5

SqFt

3,626

Style

Single Family

Built

1988

Looking for a spacious 5-bed home in North Andover with room to entertain inside and out? Or need the option of multi-generation living or possible in-law situation? 197 Abbott Street offers over 3,600 square feet of living space, 5 bedrooms, 3.5 bathrooms, multiple gathering spaces, a fenced backyard, large deck, patio, and in-ground pool, creating a flexible setting for everyday living and entertaining. Step inside to discover newer wood floors throughout and an abundance of space to spread out. A sunroom adds another inviting area to enjoy, while separate living and family rooms provide flexibility for relaxing, hosting, and gathering. With five bedrooms and three and a half bathrooms, the home offers generous accommodations across its expansive floor plan. Need even more room? The lower level features bonus space that expands the possibilities. Outdoors, the fenced backyard is ready to become a favorite destination. Spend warm days around the in-ground pool, entertain on the large deck, or gather on the patio for meals and conversation outside. The combination of substantial interior living space and multiple outdoor entertaining areas makes this property stand out. For buyers searching for a 5-bed home in North Andover with over 3,600 square feet and an in-ground pool, 197 Abbott Street offers space, flexibility, and an impressive setting for entertaining.

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 3,626 sq ft principal dwelling). Lot size: 24,829 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.