
159 Howard Street Reading — Photo 1 of 26
$719,900
Investment Analysis — 159 Howard Street
Reading, MA 01867 — West Side
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 2.78% cap rate and $19,987/yr in estimated NOI at the $719,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,228
Style
Single Family
Built
1941
Located in one of towns most sought after WEST SIDE neighborhoods where more expensive homes are found, this much loved home by the same family since 1946 is sure to please those who seek an opportunity where adding your sweat equity will add tremendously to the value of your new home in this amazing location. The setting is eye catching...the corner lot and beautiful yard add to the overall attractive curb appeal, where the maintenance free siding, replacement windows, solid front stairs, and a beautiful patio enhanced by privacy fencing create the scene of what's to come inside...more character and charm. As soon as you enter the vestibule, you will notice the large living room adorned with a bounty of sun-splashed windows, HW floors, a mantled fireplace, a pretty staircase, and stunning built-ins. From there, you will find one of three bedrooms, that would also serve as a superb home office, a most inviting dining room, complete with a corner hutch, and a kitchen offering an opportunity to come and make it your own...with access to the amazing patio area. Upstairs are two additional bedrooms, each with a distinctive personality, and the full bath. Fresh cosmetics will go a LONG WAY here, while additional updates could go on the back burner, or on your immediate "to do" list. You can NEVER change WHERE a house is, but can change with ease WHAT it is. This canvas awaits your finishing artistic touches. Don't delay...this happens about once every 80 years!
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: 614 sq ft (the lesser of 900 sq ft or half the 1,228 sq ft principal dwelling). Lot size: 7,501 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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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • House of Worship • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21.6 x 13.6
Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Exterior Access, Crown Molding, Vestibule
Dining Room
Lvl First9.6 x 10
Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Lighting - Overhead, Crown Molding
Kitchen
Lvl First11 x 8
Flooring - Vinyl, Exterior Access
Master Bedroom
Lvl Second8.9 x 15.6
Closet, Flooring - Hardwood, Lighting - Sconce
Bedroom 2
Lvl Second11 x 11
Bedroom 3
Lvl First13 x 11
Flooring - Hardwood, Lighting - Sconce, Closet - Double
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Rick Nazzaro
Listing Office: Colonial Manor Realty
MLS® Number: 73575390
