147 Main Street Reading — Photo 1 of 40
Recent Drop: $10,000
$589,900
Investment Analysis — 147 Main Street
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01867 carries an estimated $2,620/mo in gross rent — about a 3.01% cap rate and $17,760/yr in estimated NOI at the $589,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,006
Style
Single Family
Built
1920
Welcome to this charming Reading home offering the perfect blend of comfort, character, and convenience! Set back from Main Street, this move-in-ready home is a fantastic condo alternative with a private backyard, two-car garage with loft storage, and bright indoor spaces. The living room features a fireplace, crown molding, and recessed lighting. The fully applianced kitchen offers a generous dining area, butcher block counter tops and breakfast bar. Both bedrooms feature hardwood flooring, with the main bedroom boasting a walk-in closet. A three-season porch adds valuable extra living space. Enjoy summer days in the above-ground pool with a new 2026 liner and pump, composite deck, fire pit, and outdoor movie screen. Additional highlights include a full basement, convenient mudroom, Burnham heating system, newer hot water tank (2020), and energy-saving insulation added following a 2023 Mass Save audit. Ideally located near Route 95, downtown Reading and Wakefield, restaurants, shopping, and commuter rail to Boston. A wonderful opportunity under $600,000!
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: 503 sq ft (the lesser of 900 sq ft or half the 1,006 sq ft principal dwelling). Lot size: 10,315 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 • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 20
Flooring - Hardwood, Recessed Lighting, Crown Molding
Dining Room
Lvl First9 x 10
Ceiling Fan(s), Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Exterior Access, Lighting - Overhead, Crown Molding
Kitchen
Lvl First21 x 10
Flooring - Vinyl, Dining Area, Gas Stove, Lighting - Overhead, Crown Molding
Master Bedroom
Lvl Second13 x 11
Walk-In Closet(s), Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Second9 x 9
Bathroom 1
Lvl First3 x 5
Bathroom - Half, Pedestal Sink
Bathroom 2
Lvl Second8 x 4
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$589,900
Was $599,900
Sep 10, 2026
MLS® 73563626
$599,900
Aug 13, 2026
MLS® 73563626
Listing Agent: Ali Ludwig
Listing Office: Keller Williams Realty-Merrimack
MLS® Number: 73563626
