Active
31 Days on market
144 Salem Street Reading — Photo 1 of 39

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$949,000
Annual Taxes$10,295

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms8
FireplacesNone
FlooringWood, Tile, Vinyl
BasementBulkhead, Unfinished

Climate & Utilities

HeatingCentral, Forced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningS15

Property & Lot

Acres0.42
SqFt Lot18,285
Lot Features--

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

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1
Main,First
Living RoomDining RoomKitchenFamily RoomBathroom 2
Living Room
Lvl Main,First

14 x 14

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Picture, High Speed Internet Hookup, Lighting - Overhead

Dining Room
Lvl Main,First

14 x 15

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Window(s) - Picture, Lighting - Overhead, Window Seat

Kitchen
Lvl Main,First

14 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,First

15 x 12

Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Vinyl, Deck - Exterior, Exterior Access, High Speed Internet Hookup, Slider, Lighting - Overhead

Master Bedroom
Lvl Second

13 x 13

Closet, Flooring - Hardwood, Window(s) - Picture, High Speed Internet Hookup, Lighting - Overhead

Bedroom 2
Lvl Second

13 x 12

Bedroom 3
Lvl Second

14 x 9

Closet, Flooring - Hardwood, Window(s) - Picture, Lighting - Overhead

Bedroom 4
Lvl Second

9 x 9

Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl Second

9 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,First

7 x 5

Bathroom - Half, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Window(s) - Picture, Lighting - Pendant, Lighting - Overhead

Listing Provided By

Listing Agent: Erica Hojo

Listing Office: Fiv Realty Co.

MLS® Number: 73562689