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37 Porter Road Andover — Photo 1 of 40

$2,395,000

Investment Analysis — 37 Porter Road

Andover, MA 01810

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 5-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 0.85% cap rate and $20,358/yr in estimated NOI at the $2,395,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

5.5

SqFt

4,702

Style

Single Family

Built

2026

Welcome to 37 Porter Road. Where new construction meets a timeless classic home. Over 60% of this home is new construction, seamlessly blended with the original structure, while the historic portion has been fully updated throughout, giving you the soul of an 18th-century antique with the performance of a new home. Built in 1758 by Hezekiah Ballard and transferred to Thomas Manning in 1771, the home remained in the Manning family for over two centuries, until 1999, and is proudly listed on the National Register of Historic Places as one of Andover's most historically significant homes. This wonderfully restored and renovated home sits at the corner of one of Andover's finest neighborhoods, in the heart of the coveted Pike School and Phillips Academy area. The kitchen and all 5.5 baths have been thoughtfully and recently created, along with every major system, including electric and heating, so timeless charm comes paired with modern-day reliability. The first floor offers a spacious country kitchen with gas fireplace, dining room with hardwood floors, family room with a Colonial cooking fireplace and coffered ceiling, living room with Colonial cooking fireplace, and an office with coffered ceiling. The second-floor features 5 bedrooms and 5 baths, two of the bedrooms with wide pine floors. Preservation Document to be reviewed and acknowledged by buyer (see Clipboard).

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 4,702 sq ft principal dwelling). Lot size: 20,347 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.