
132 Central St North Reading — Photo 1 of 39
Recent Drop: $34,000
$1,145,000
Investment Analysis — 132 Central St
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01864 carries an estimated $3,800/mo in gross rent — about a 2.00% cap rate and $22,931/yr in estimated NOI at the $1,145,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,818
Style
Single Family
Built
2004
Picture-Perfect 3+ Bedroom custom-designed 2004 colonial set away from the street is ready to become your next home! The heart of the home is a lovely expansive eat-in kitchen with a high cathedral ceiling perfect for any chef. Enjoy the 6' island, ample cabinetry and granite countertops, stainless steel appliances, water filtration, and pantry closet. The walls of windows overlook the private backyard. Easily extend entertainment from the kitchen to a combination fireplaced living room, dining area and nook. Bay windows on opposite sides of the room pour natural light in! Front facing office/guest room with double doors is ready for working at home. This level also has mudroom and half bath. The new hardwood floors provide immediate move-in readiness, high value, and visual appeal. Wide center entrance staircase leads to second level. Main king-size bedroom has two closets and private bath. Second and third bedrooms can easily fit queen size beds and have deep closets. Second full bath has double vanity, corian countertop and pocket door. Reading nook and laundry complete floor. Finished lower-level has multiple flexible spaces (family room, gym, craft room, etc.) plus ample storage and built-in shelves. Walk up attic is perfect for storage or future expansion. One car garage is extra deep for additional storage area. Deck off of kitchen/mudroom overlooks private landscaped yard with fire pit and garden area perfect for relaxation and entertainment. Meticulously maintained. Every inch has been thought out to have purpose for family needs! Central Air Conditioner on all levels keeps everyone comfortable! Many updates listed on Feature Sheet! Quick closing is possible to start school year!
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 2,818 sq ft principal dwelling). Lot size: 16,117 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Range Hood • Plumbed For Ice Maker
Neighborhood
Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Open Floorplan
Dining Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
Kitchen
Lvl Main,FirstCathedral Ceiling(s), Closet, Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Open Floorplan, Recessed Lighting
Office
Lvl FirstFlooring - Hardwood
Family Room
Lvl BasementFlooring - Vinyl, Recessed Lighting
Master Bedroom
Lvl SecondBathroom - 3/4, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Hardwood
Bathroom 2
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$1,145,000
Was $1,179,000
Aug 19, 2026
MLS® 73559336
$1,179,000
Aug 5, 2026
MLS® 73559336
$1,179,000
Aug 4, 2026
MLS® 73536813
$1,179,000
Jun 16, 2026
MLS® 73536813
Listing Agent: Marina Tramontozzi
Listing Office: True North Realty
MLS® Number: 73559336
