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287 Haverhill St North Reading — Photo 1 of 34

287 Haverhill St North Reading — Photo 1 of 34

$785,000

Investment Analysis — 287 Haverhill St

North Reading, MA 01864

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01864 carries an estimated $3,800/mo in gross rent — about a 3.22% cap rate and $25,289/yr in estimated NOI at the $785,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,520

Style

Single Family

Built

1925

Set well back from the road on a beautifully private 1.2-acre lot, this 3 bedroom/2 bath home offers space to spread out, sunlight to enjoy it in, and room to garden. Leverage the deck and patio outdoor areas to extend living space outside on nice days. The kitchen features a built-in breakfast bar overlooking the dining area with hardwood floors. French doors from the dining room open to a large enclosed room that currently serves as a living room but offers flexible use, complete with ceiling fans, plenty of windows, and doors to the back deck and front yard. A den and bonus room round out the first floor, along with a full bath featuring a jacuzzi tub. Upstairs, the primary bedroom features a vaulted ceiling, ceiling fan, and skylights; the second bedroom offers plenty of natural light, and the third room can be used as a home office, playroom, or additional sleeping space, opening to a large balcony overlooking the woods. A 3/4 bath adds functionality and convenience to the second floor. An attached, oversized 2-car garage provides valuable storage and parking, with a partially-finished flex space above complete with storage closets — your options are wide open: home gym, game room, guest space, or additional storage. A shed provides even more storage for tools and equipment. With its private setting, generous outdoor spaces, and flexible layout, this home is seeking an owner who values the opportunity to personalize it with their own updates and enhancements.

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: 760 sq ft (the lesser of 900 sq ft or half the 1,520 sq ft principal dwelling). Lot size: 52,272 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.

Open Houses

Property Details

Financials

Original Price$785,000
Annual Taxes$9,367

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood, Vinyl, Carpet, Concrete
BasementNone

Climate & Utilities

HeatingForced Air, Oil
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRA

Property & Lot

Acres1.2
SqFt Lot52,272
Lot FeaturesWooded, Gentle Sloping

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave

Neighborhood

Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

25 x 14

Ceiling Fan(s), Balcony / Deck, Exterior Access, Flooring - Concrete

Dining Room
Lvl First

13 x 11

Flooring - Hardwood, Lighting - Overhead

Kitchen
Lvl First

10 x 10

Ceiling Fan(s), Flooring - Vinyl, Window(s) - Bay/Bow/Box, Lighting - Overhead

Family Room
Lvl First

13 x 14

Ceiling Fan(s), Flooring - Wall to Wall Carpet

Master Bedroom
Lvl Second

14 x 16

Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Wall to Wall Carpet, Lighting - Overhead

Bedroom 2
Lvl Second

12 x 12

Bedroom 3
Lvl Second

10 x 9

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

10 x 6

Jacuzzi / Whirlpool Soaking Tub, Lighting - Overhead

Bathroom 2
Lvl Second

10 x 8

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Vinyl

Listing Provided By

Listing Agent: Theresa Colarusso

Listing Office: Coldwell Banker Realty - Andovers/Readings Regional

MLS® Number: 73562590