
54 William Street Andover — Photo 1 of 42
Recent Drop: $50,000
$1,750,000
Investment Analysis — 54 William Street
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01810 carries an estimated $3,890/mo in gross rent — about a 0.64% cap rate and $11,118/yr in estimated NOI at the $1,750,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
5
SqFt
5,879
Style
Single Family
Built
1994
Thoughtfully designed 4-5 bedroom Contemporary Colonial in the historic "Brick Shawsheen" neighborhood. On a tree lined street with a cul de sac and sidewalks, this location offers easy access to downtown Andover, all major highways and Commuter Rail service to Boston. The welcoming 2 story entry foyer is framed by a fireplaced living room to the right, and formal dining room to the left. The bright eat-in kitchen with dining area opens to a 2 story family room with wood burning fireplace and custom built-ins. Easy access to the screened porch and deck with views of Grieco Pond, is perfect for entertaining. 1st floor office/guest room with nearby 1/2 bath. Mudroom, laundry and 3/4 bath at side entry and 3 car garage. 2nd floor main bedroom is a quiet retreat, with beautifully renovated spa-like bath with double vanity, over-sized shower and soaking tub. En-suite bedroom, (2) additional bedrooms w/shared hall bath and bonus room complete the 2nd floor. Finished lower level offers fireplaced media room with custom cabinetry and a wet bar, home gym or office with French doors, 1/2 bath and additional storage area. Great home, in a great location. This home is a must see!
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 5,879 sq ft principal dwelling). Lot size: 22,682 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 • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Highway Access • Private School • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 13
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Archway, Crown Molding
Dining Room
Lvl First15 x 14
Flooring - Hardwood, Chair Rail, Archway, Crown Molding, Decorative Molding
Kitchen
Lvl First28 x 15
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Stainless Steel Appliances, Lighting - Pendant
Family Room
Lvl First22 x 15
Skylight, Ceiling Fan(s), Flooring - Hardwood, Deck - Exterior, Open Floorplan
Primary Bedroom
Lvl Second24 x 15
Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Double Vanity, Recessed Lighting, Remodeled, Crown Molding, Tray Ceiling(s)
Bedroom 2
Lvl Second13 x 13
Bedroom 3
Lvl Second13 x 12
Flooring - Vinyl, Closet - Double
Bedroom 4
Lvl Second14 x 13
Bathroom - Full, Closet, Flooring - Hardwood, Pocket Door
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Hardwood, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl Main,FirstBathroom - 3/4, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Gas, Washer Hookup, Pocket Door
Bathroom 3
Lvl SecondBathroom - Full, Walk-In Closet(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting, Remodeled, Lighting - Sconce, Soaking Tub
Property History
$1,750,000
Was $1,800,000
Sep 10, 2026
MLS® 73548422
$1,800,000
Jul 12, 2026
MLS® 73548422
Listing Agent: Cathy Johnson
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73548422