17 Elm St North Reading — Photo 1 of 22
Recent Drop: $50,000
$749,900
Investment Analysis — 17 Elm St
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01864 carries an estimated $4,200/mo in gross rent — about a 3.74% cap rate and $28,040/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2.5
SqFt
3,801
Style
Single Family
Built
1740
Steeped in history and overflowing with character, this extraordinary 1740 Saltbox offers a rare opportunity to restore one of North Reading's timeless treasures. Rich in original architectural details, the home showcases wide pine floors, grand period fireplaces, paneled walls, custom built-ins, and the craftsmanship that defines early New England homes. Featuring five bedrooms and zoned as a two-family residence, the flexible layout presents endless possibilities for restoration, multi-generational living, investment, or creating a truly one-of-a-kind estate. Set on a lush lot with mature gardens, sprawling green space, and classic stone walls, the property offers a picturesque setting just moments from downtown North Reading with convenient access to Route 62 and Route 128. Ample off-street parking for up to 10 vehicles completes this remarkable offering. Bring your vision and breathe new life into a piece of North Reading history.
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 3,801 sq ft principal dwelling). Lot size: 42,253 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 16
Dining Room
Lvl First14 x 16
Kitchen
Lvl First14.5 x 10
Family Room
Lvl First18 x 13
Master Bedroom
Lvl Second14 x 15.5
Bedroom 2
Lvl Second16.5 x 15.5
Bedroom 3
Lvl Second16 x 14
Bedroom 4
Lvl Second12.5 x 13.5
Bedroom 5
Lvl Second10 x 10
Bathroom 1
Lvl Second10.5 x 12
Bathroom 2
Lvl First9 x 11
Bathroom 3
Lvl First9 x 6
Property History
$749,900
Was $799,900
Sep 8, 2026
MLS® 73557164
$799,900
Jul 30, 2026
MLS® 73557164
Listing Agent: Kevin Fruh
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73557164
