26 Elliott St Reading — Photo 1 of 22
$750,000
Investment Analysis — 26 Elliott St
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 2.81% cap rate and $21,040/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,321
Style
Single Family
Built
1950
Here is your chance to live in one of Reading’s most walkable neighborhoods - easy access to restaurants, shops, commuter rail, highways, and town common. This 3 bed 1.5 bath charming cape sits on a .25 acre lot. The main level features an open kitchen and dining room, living room, and a full bath. On the second level, you have 2 bedrooms. The finished lower level has a half bath and offers more space for a family room, home office, or guest bedroom, plus laundry and storage. Walk out the back to a deck that overlooks the large, flat, fenced in yard. New roof and central air to top it all off! Rare to find in Reading for this price - Don't miss this opportunity!
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: 661 sq ft (the lesser of 900 sq ft or half the 1,321 sq ft principal dwelling). Lot size: 11,099 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 MLS and other third-party data may be inaccurate or out of date.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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Floorplan Breakdown
Structural Layout
Living Room
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Lvl SecondListing Agent: Shaundize Moosavizadeh
Listing Office: Coldwell Banker Realty - Boston
MLS® Number: 73572932
