
24 Thorndike Street Reading — Photo 1 of 40
$899,900
Investment Analysis — 24 Thorndike Street
Reading, MA 01867
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 2.27% cap rate and $20,472/yr in estimated NOI at the $899,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,738
Style
Single Family
Built
1920
Welcome to this charming Dutch Colonial Revival, ideally situated in a tranquil neighborhood setting. From the moment you step through the front door, you’ll feel the warmth and care that have gone into making this home such a welcoming place. Gleaming refinished hardwood floors, fresh interior paint, a recently painted exterior, newer windows, abundant natural light, and thoughtful updates create an inviting atmosphere. The fireplaced living room is a lovely gathering space for relaxed evenings and entertainment, while the adjoining sun-filled sitting room or office offers a versatile space for working from home, reading, or enjoying a quiet moment. The bright dining room flows into the kitchen and to one of the home’s special features—a fabulous screened-in porch and adjoining wood deck, complete with built-in benches overlooking a picturesque backyard. It’s the kind of space where you can savor morning coffee or host a gathering with friends on a spring, summer, or fall evening. A convenient half bath completes the first floor. Upstairs, three inviting bedrooms feature hardwood floors and good closet space, along with a beautifully updated and contemporary bath with a glass step-in shower. A walk-up attic, accessed from one of the bedrooms, provides additional storage space. The bright, newly finished lower level expands the home’s living space and includes a laundry area and an above-grade side-entry door that floods the space with natural light. The backyard shed provides additional storage. The location is hard to beat! This home is perfectly positioned just moments from Memorial Park, with pickleball, tennis, playgrounds, ice skating, concerts, and seasonal events. And you're just minutes from downtown Reading, the Reading Depot Commuter Rail, and major routes - offering the best of both worlds - a neighborhood setting with convenient access to Boston and everything Reading has to offer. A warm and inviting home in a wonderful location - ready for its next chapter!
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: 869 sq ft (the lesser of 900 sq ft or half the 1,738 sq ft principal dwelling). Lot size: 10,574 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
Electric Water Heater • Water Heater • Range • Dishwasher • Disposal
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First22 x 12
Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Sconce
Dining Room
Lvl First11 x 11
Flooring - Hardwood, Exterior Access, Lighting - Overhead
Kitchen
Lvl First11 x 10
Flooring - Vinyl, Exterior Access
Office
Lvl First11 x 8
Flooring - Wall to Wall Carpet
Family Room
Lvl Basement21 x 9
Closet, Flooring - Vinyl, Exterior Access, Recessed Lighting
Master Bedroom
Lvl Second15 x 11
Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Second12 x 11
Bedroom 3
Lvl Second12 x 7
Closet, Flooring - Hardwood, Attic Access, Lighting - Overhead
Bathroom 1
Lvl Second7 x 7
Bathroom - Full, Flooring - Vinyl
Bathroom 2
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Pedestal Sink
Listing Agent: Mary Ann Quinn Team
Listing Office: Premier Realty Group, Inc.
MLS® Number: 73572931
