197 River Road Andover — Photo 1 of 22
Recent Drop: $10,000
$669,900
Investment Analysis — 197 River Road
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01810 carries an estimated $3,530/mo in gross rent — about a 3.62% cap rate and $24,222/yr in estimated NOI at the $669,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,320
Style
Single Family
Built
1950
Enjoy the ease of one-level living in this move-in ready ranch set on a beautiful one-acre lot in one of Andover's most convenient locations. Hardwood floors flow throughout the home, complemented by a spacious fireplaced living room and an updated eat-in kitchen with new flooring. Three comfortable bedrooms are accompanied by a versatile bonus room with a closet, offering the flexibility for a home office, den, guest room or whatever best suits your lifestyle. The full basement provides abundant storage, while the oversized attached garage offers plenty of space for a vehicle, workshop or hobbies. Outside, the expansive backyard delivers the privacy and open space that's becoming increasingly difficult to find. Just minutes to Route 93, downtown Andover, shopping, dining and highly regarded schools, this is an outstanding opportunity to enjoy all the benefits of Andover in a home that's ready for its next chapter.
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: 660 sq ft (the lesser of 900 sq ft or half the 1,320 sq ft principal dwelling). Lot size: 43,560 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Washer • Dryer
Neighborhood
Park • Walk/Jog Trails • Golf • Medical Facility • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19.333333333 x 11.666666666
Dining Room
Lvl First7.666666666 x 13.416666666
Kitchen
Lvl First9 x 10.916666666
Primary Bedroom
Lvl First12.666666666 x 16.333333333
Bedroom 2
Lvl First13.666666666 x 11.25
Bedroom 3
Lvl First12.583333333 x 10.916666666
Property History
$669,900
Was $679,900
Aug 26, 2026
MLS® 73557172
$679,900
Jul 30, 2026
MLS® 73557172
Listing Agent: Samuel Mclennan
Listing Office: Century 21 McLennan & Company
MLS® Number: 73557172
