
408 Park Street North Reading — Photo 1 of 30
Recent Drop: $20,000
$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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator
Neighborhood
Park • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17 x 13
Flooring - Hardwood
Dining Room
Lvl First13 x 12
Flooring - Hardwood
Kitchen
Lvl First15 x 13
Flooring - Vinyl, Dining Area, Pantry, Stainless Steel Appliances
Family Room
Lvl Basement30 x 11
Bathroom - Full, Flooring - Laminate
Master Bedroom
Lvl Second15 x 12
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second14 x 12
Bedroom 3
Lvl Second14 x 8
Closet, Flooring - Hardwood
Bedroom 4
Lvl First13 x 12
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl BasementBathroom - Full, Bathroom - With Shower Stall
Property History
$829,900
Was $849,900
Sep 9, 2026
MLS® 73555369
$849,900
Jul 27, 2026
MLS® 73555369
Listing Agent: Valerie Previte
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73555369
