55 Turtle Lane North Andover — Photo 1 of 42

$1,099,000

Investment Analysis — 55 Turtle Lane

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 2.38% cap rate and $26,175/yr in estimated NOI at the $1,099,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

3,080

Style

Single Family

Built

1977

Welcome to 55 Turtle Lane, a tastefully appointed home set at the end of a cul-de-sac on a private landscaped one-acre lot in the Sargent School District. It is a classic colonial that feels welcoming from the moment you arrive, offering over 3,000 square feet of meticulously maintained living space. This attractive property blends classic colonial architecture with contemporary amenities. The main level features a comfortable, inviting layout highlighted by two fireplaces that bring warmth, ambiance and character. The gourmet kitchen is a culinary enthusiast's dream, featuring high-end appliances, including a double oven and a high-end refrigerator. Stone counters complement a large island with an integrated sink, providing both ample preparation space, eat-in area and a central gathering point. The primary bedroom is characterized by a high vaulted ceiling and a newly renovated spa-like bathroom. Beyond the interior, the property extends its allure with an expansive and private outdoor living space. This includes a deck, a dedicated outdoor dining area and picturesque in-ground pool that serves as both a private retreat for relaxation and outdoor gatherings. The lower level includes gym area, playroom and laundry area. This home has an extensive amount of storage including a 2-stall garage. This residence provides an unparalleled lifestyle opportunity that offers places to gather yet also provides ample room to spread out.

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 3,080 sq ft principal dwelling). Lot size: 43,569 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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