Active
47 Days on market
408 Park Street North Reading — Photo 1 of 30

408 Park Street North Reading — Photo 1 of 30

Recent Drop: $20,000

$849,900
$829,900

$829,900

Investment Analysis — 408 Park Street

North Reading, MA 01864

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01864 carries an estimated $4,200/mo in gross rent — about a 3.61% cap rate and $29,957/yr in estimated NOI at the $829,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

2,401

Style

Single Family

Built

1940

Price Improvement!! Located atop a knoll handy to the quickest route to Boston (Rt 93) and commuter rails (Wilmington) as well as the local E E Little Elementary School. The curb appeal gives highlight to the oversized farmer's porch and second floor balcony. Lovingly maintained and cherished with it's traditional floor plan, this home offers an open, updated kitchen with all new stainless steel appliances, pantry/laundry room, spacious dining room for entertaining flowing into the living/family room all with hardwood flooring and high ceilings giving light to day to day living. The first floor also includes a full bath and a bedroom that could be utilized as a playroom/den. Up the classical staircase to the second floor landing you'll find a reading nook, 3 bedrooms boasting hardwood floors and a shared full bath. The lower level has a spacious bonus area with family room, playroom, full bath and cabinet/sink area. The nearly acre lot is spacious and great for a game of wiffle ball or splash in the inground pool with new liner.

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 2,401 sq ft principal dwelling). Lot size: 29,120 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$849,900
Annual Taxes$8,347.12

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms9
FireplacesNone
FlooringFlooring - Vinyl, Flooring - Wall to Wall Carpet
BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

HeatingBaseboard, Hot Water
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationStone
ZoningRA

Property & Lot

Acres0.67
SqFt Lot29,120
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Dishwasher • Refrigerator

Neighborhood

Park • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenBedroom 4Bathroom 1
Basement
Family RoomBathroom 3
Living Room
Lvl First

17 x 13

Flooring - Hardwood

Dining Room
Lvl First

13 x 12

Flooring - Hardwood

Kitchen
Lvl First

15 x 13

Flooring - Vinyl, Dining Area, Pantry, Stainless Steel Appliances

Family Room
Lvl Basement

30 x 11

Bathroom - Full, Flooring - Laminate

Master Bedroom
Lvl Second

15 x 12

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

14 x 12

Bedroom 3
Lvl Second

14 x 8

Closet, Flooring - Hardwood

Bedroom 4
Lvl First

13 x 12

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Basement

Bathroom - Full, Bathroom - With Shower Stall

Property History

Price Drop
$829,900

Was $849,900

Sep 9, 2026

MLS® 73555369

Listed
$849,900

Jul 27, 2026

MLS® 73555369

Listing Provided By

Listing Agent: Valerie Previte

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73555369