Active

174 Days on market

255 Hay Meadow Rd North Andover — Photo 1 of 39

Recent Drop: $5,900

$974,900

$969,000

Investment Analysis — 255 Hay Meadow Rd

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 2.73% cap rate and $26,410/yr in estimated NOI at the $969,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,687

Style

Single Family

Built

1993

Don’t miss your opportunity to own this beautifully updated Colonial, privately set back over 200 feet from the road on 1.25 acres, offering both space and seclusion. This home has been thoughtfully upgraded throughout, featuring fresh paint, updated bathrooms, brand new carpeting, and modern recessed lighting that creates a warm and inviting atmosphere. The kitchen is perfect for everyday living and entertaining alike, complete with stainless steel appliances, including an AGA dishwasher and AGA 5-burner gas stove. An oversized walk-in pantry provides exceptional storage, ideal for keeping everything organized after your grocery runs. Arrive home in style as you drive over your own private bridge, leading to a spacious two-bay garage — a truly unique and impressive feature that sets this property apart!

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 2,687 sq ft principal dwelling). Lot size: 54,450 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.