Active
19 Days on market
118 Eaton St. #11 Reading — Photo 1 of 23

118 Eaton St. #11 Reading — Photo 1 of 23

$1,095,000

Investment Analysis — 118 Eaton St. #11

Reading, MA 01867

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01867 carries an estimated $3,140/mo in gross rent — about a 1.26% cap rate and $13,803/yr in estimated NOI at the $1,095,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,631

Style

Condominium

Built

2022

Welcome to 118 Eaton Street, an exceptional 2022-build, 2,631-square-foot townhome offering sophisticated design, generous living space, and an outstanding Reading location. Featuring 3 bedrooms, 2.5 baths, a private top-floor primary suite, dedicated home office, and 2-car tandem garage, this nearly new residence combines the space and amenities of a single-family home with the ease of townhome living. The heart of the home is the bright, open-concept kitchen, dining and living area—an inviting space designed for both everyday living and entertaining. The beautifully appointed kitchen features high-end stainless-steel appliances, crisp white cabinetry, a large pantry, and an impressive waterfall-edge quartz island with generous seating and prep space. Step directly from the kitchen onto the large private composite deck overlooking the protected wetlands of Walkers Brook, creating a peaceful natural backdrop rarely found in such a convenient location. The third level features two spacious bedrooms, a full bath, dedicated home office, and conveniently located laundry area. Above, the entire top floor is dedicated to the impressive primary suite, offering high ceilings, a generous walk-in closet, and luxurious spa-inspired bath—a true private retreat. Thoughtful upgrades and modern conveniences are found throughout, including high-efficiency Andersen 400 Series windows, tankless hot water, prewired high-wall TV outlets with concealed wiring conduits in the living room and all bedrooms, a dedicated outlet for an electric fireplace, and a smart garage-door opener with integrated camera. The 2-car tandem garage provides valuable parking, storage, and everyday convenience. The location is equally impressive. Reading MBTA Station is a short distance away, offering commuter rail service to Boston's North Station, while I-93 and Routes 128/I-95 provide convenient highway access. Downtown Reading's restaurants, cafés, shops, services, and parks are nearby, while The Crossing at Walkers Brook is approximately ¼ mile away, providing easy access to shopping, supermarkets, dining, entertainment, and everyday necessities. Nearly new construction, 2,631 square feet of living space, a private primary-suite level, conservation views, 2-car tandem garage, and exceptional commuter access make 118 Eaton Street a standout opportunity in Reading.

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.

Open Houses

Property Details

Financials

Original Price$1,095,000
Annual Taxes$9,614
HOA Fee$435

Parking

Garage2
Off-Street3

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Hardwood
BasementN

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
Foundation--
ZoningS15

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Disposal • Microwave • Refrigerator • Washer • Dryer • ENERGY STAR Qualified Dishwasher • Range Hood • Oven

Neighborhood

Public Transportation • Shopping • Park • Highway Access • House of Worship • Private School

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 2Bedroom 3Bathroom 2
Second
Living RoomDining RoomKitchen
Fourth Floor
Master BedroomBathroom 3
Main,Second
Bathroom 1
Living Room
Lvl Second

Bathroom - Half, Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Open Floorplan, Recessed Lighting, Lighting - Overhead, Crown Molding

Dining Room
Lvl Second

Flooring - Hardwood, Open Floorplan, Recessed Lighting, Lighting - Pendant, Crown Molding

Kitchen
Lvl Second

Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Deck - Exterior, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Lighting - Pendant, Crown Molding, Pocket Door

Master Bedroom
Lvl Fourth Floor

Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Cable Hookup, Recessed Lighting, Lighting - Pendant, Lighting - Overhead

Bedroom 2
Lvl Third
Bedroom 3
Lvl Third

Closet, Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Recessed Lighting

Bathroom 1
Lvl Main,Second

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting, Lighting - Sconce

Bathroom 2
Lvl Third

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting

Bathroom 3
Lvl Fourth Floor

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Lighting - Overhead

Listing Provided By

Listing Agent: Michael J. Ford

Listing Office: Coldwell Banker Realty - Framingham

MLS® Number: 73565075