
144 Salem Street Reading — Photo 1 of 39
$949,000
Investment Analysis — 144 Salem Street
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01867 carries an estimated $3,470/mo in gross rent — about a 2.25% cap rate and $21,351/yr in estimated NOI at the $949,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,152
Style
Single Family
Built
1910
Renovated, filled with natural light, and set on nearly half an acre, 144 Salem Street is ready for someone to simply move in and enjoy it. Thoughtfully renovated in 2021, this four bedroom home offers over 2,000 square feet of living space with hardwood floors throughout, central AC, newer major systems, and a layout that feels comfortable and connected from the moment you walk in. The updated kitchen with stainless steel appliances flows naturally into the living and dining spaces, creating a home that works just as well for everyday life as it does for hosting family and friends. At the back of the home, the vaulted sunroom is a standout, surrounded by windows that bring in an abundance of natural light and offering direct access to the deck and backyard. It is an easy extension of the living space and one of those rooms you can imagine enjoying in every season. Outside, the .42 acre lot offers something increasingly hard to find: space that feels both private and usable. The home sits well back from the street with a long driveway and plenty of off street parking, while the backyard is framed by mature trees and features an expansive lawn, new over-sized back deck, and custom paver patio. There is plenty of room for outdoor dining, entertaining, gardening, or simply having a backyard with space to spread out. Upstairs, four bedrooms provide flexibility for how you live today and how your needs may change over time, with options for guest space or a dedicated home office. Enjoy all of this as well as close proximity to downtown Reading, the commuter rail, local restaurants and shops are just minutes away, with convenient access to Routes 93 and 95. For buyers looking for a turnkey home without giving up space, outdoor living, or proximity to town, 144 Salem Street brings those pieces together in a way that is well worth seeing in person.
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 2,152 sq ft principal dwelling). Lot size: 18,285 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First14 x 14
Ceiling Fan(s), Flooring - Hardwood, Window(s) - Picture, High Speed Internet Hookup, Lighting - Overhead
Dining Room
Lvl Main,First14 x 15
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Window(s) - Picture, Lighting - Overhead, Window Seat
Kitchen
Lvl Main,First14 x 15
Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Slider, Stainless Steel Appliances, Gas Stove, Lighting - Overhead
Family Room
Lvl Main,First15 x 12
Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Vinyl, Deck - Exterior, Exterior Access, High Speed Internet Hookup, Slider, Lighting - Overhead
Master Bedroom
Lvl Second13 x 13
Closet, Flooring - Hardwood, Window(s) - Picture, High Speed Internet Hookup, Lighting - Overhead
Bedroom 2
Lvl Second13 x 12
Bedroom 3
Lvl Second14 x 9
Closet, Flooring - Hardwood, Window(s) - Picture, Lighting - Overhead
Bedroom 4
Lvl Second9 x 9
Closet, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl Second9 x 4
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Window(s) - Picture, Lighting - Sconce, Lighting - Overhead
Bathroom 2
Lvl Main,First7 x 5
Bathroom - Half, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Window(s) - Picture, Lighting - Pendant, Lighting - Overhead
Listing Agent: Erica Hojo
Listing Office: Fiv Realty Co.
MLS® Number: 73562689
