345 Lowell St Reading — Photo 1 of 21
$1,100,000
Investment Analysis — 345 Lowell 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 1.81% cap rate and $19,940/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,257
Style
Single Family
Built
1918
Welcome to a thoughtfully updated home offering comfort, flexibility, and easy living, This home is truly unique, tucked away in a secluded setting on a spacious lot yet minutes from the train and major routes. The main level features an open living area that is further expanded via decks overlooking the private yard, a renovated kitchen, and inviting spaces for everyday use or entertaining, The home is .primarily designed with one level offering over 1800 sf making it perfect for all aged residents and pets The primary bedroom has a private family room in addition to the bedroom and bath creating its own oasis. Outside, enjoy a private yard perfect for relaxing, gardening, or hosting as well as a firepit and heated shed. A move-in-ready home with room to expand. The present owner' s extensive updates including , raising and replacing the roof, insulation, newer roof, 2 option on heating systems, 3 zone heat, kitchen and baths, floors, windows, gym and updating the lower level rec room and more, Whether you thrive on hosting lively gatherings or cherish uninterrupted solitude this homes tucked away location is increasingly hard to find. Tesla charger stays!
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 2,257 sq ft principal dwelling). Lot size: 37,483 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
Amenities & Appliances
Water Heater • Gas Water Heater • Range • Dishwasher • Disposal • Microwave
Neighborhood
Shopping • Conservation Area • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, Balcony / Deck, Open Floorplan
Dining Room
Lvl FirstFlooring - Wood, Balcony / Deck
Kitchen
Lvl FirstFamily Room
Lvl SecondPrimary Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl FirstBathroom 1
Lvl FirstBathroom 2
Lvl FirstBathroom 3
Lvl BasementListing Agent: Robin Miller
Listing Office: RE/MAX Destiny
MLS® Number: 73582517
