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10 Red Gate Ln Reading — Photo 1 of 41

10 Red Gate Ln Reading — Photo 1 of 41

$1,225,000

Investment Analysis — 10 Red Gate Ln

Reading, MA 01867

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01867 carries an estimated $3,470/mo in gross rent — about a 1.58% cap rate and $19,298/yr in estimated NOI at the $1,225,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

2.5

SqFt

2,682

Style

Single Family

Built

1968

The address says it all: Red Gate Lane. Tucked into one of Reading’s most coveted West Side neighborhoods, this classic Colonial offers the rare combination of timeless charm, generous space, and a setting that feels like home from the moment you arrive. Located within the Joshua Eaton School district and just minutes from downtown, it invites you to enjoy leisurely walks to Cal’s for ice cream, seasonal favorites at Calereso’s and effortless highway access for trips into Boston. Here, life unfolds in the most memorable ways, from decorating the front porch for fall to gathering with neighbors as trick-or-treaters fill the sidewalks on Halloween. Lovingly cherished by the same family for nearly four decades, this home is ready to welcome its next chapter. With 5 bedrooms, 2.5 baths, and nearly 2,700 square feet, it offers the space to grow, gather, and create a lifetime of memories. Generous rooms, hardwood floors, and an expansive family room provide a warm foundation for everyday living and special celebrations alike, while the inviting layout leaves room for your own vision and personal style. A replacement roof and windows offer peace of mind, and the walk-out basement presents exciting potential for future finished space. A 2-car garage, irrigation system, and spacious, level, partially fenced yard complete the picture, offering room for gardens, play, entertaining, and quiet moments outdoors. More than a home, this is a place with a story, one filled with treasured memories and the promise of many more to come. With its enviable West Side address, welcoming neighborhood spirit, and enduring appeal, Red Gate Lane is an opportunity to create the forever home you’ve been waiting for.

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 2,682 sq ft principal dwelling). Lot size: 14,039 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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Open Houses

Property Details

Financials

Original Price$1,225,000
Annual Taxes$12,348

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Hardwood, Flooring - Hardwood
BasementFull, Walk-Out Access, Unfinished

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningS15

Property & Lot

Acres0.32
SqFt Lot14,039
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBedroom 5Bathroom 1
Living Room
Lvl First

26 x 14

Flooring - Hardwood

Dining Room
Lvl First

12 x 11

Flooring - Hardwood

Kitchen
Lvl First

14 x 13

Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances

Family Room
Lvl First

22 x 19

Vaulted Ceiling(s), Closet, Flooring - Hardwood, Recessed Lighting, Slider

Master Bedroom
Lvl Second

17 x 13

Bathroom - 3/4, Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

14 x 13

Bedroom 3
Lvl Second

13 x 11

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

13 x 11

Closet, Flooring - Hardwood

Bedroom 5
Lvl First

12 x 12

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Susan Gormady Group

Listing Office: Classified Realty Group

MLS® Number: 73573869