
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25 x 14
Ceiling Fan(s), Balcony / Deck, Exterior Access, Flooring - Concrete
Dining Room
Lvl First13 x 11
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl First10 x 10
Ceiling Fan(s), Flooring - Vinyl, Window(s) - Bay/Bow/Box, Lighting - Overhead
Family Room
Lvl First13 x 14
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Master Bedroom
Lvl Second14 x 16
Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 2
Lvl Second12 x 12
Bedroom 3
Lvl Second10 x 9
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First10 x 6
Jacuzzi / Whirlpool Soaking Tub, Lighting - Overhead
Bathroom 2
Lvl Second10 x 8
Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Vinyl
Listing Agent: Theresa Colarusso
Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
MLS® Number: 73562590
