409 Pearl St Reading — Photo 1 of 42
$2,395,000
Investment Analysis — 409 Pearl St
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01867 carries an estimated $3,470/mo in gross rent — about a 0.72% cap rate and $17,322/yr in estimated NOI at the $2,395,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
5
SqFt
4,375
Style
Single Family
Built
1964
Exceptional custom built contemporary offering 5 bedrooms, 5 full baths and an impressive blend of design, comfort and efficiency. Essentially new construction, rebuilt and completed in 2025, with white oak floors, a dramatic modern fireplace and a beautifully designed kitchen featuring a waterfall island plus a separate back kitchen and pantry with additional refrigerator and extensive cabinetry. The primary suite includes a custom illuminated dressing room, and all 5 baths feature heated floors. The finished lower level offers a home theater, wet bar, gym and recreation space. Outside, enjoy a beautifully landscaped fenced yard with an in ground pool, patio, deck and 4 zone sprinkler system. Additional highlights include solar power, a 4 zone electric heat pump system with central air, mineral wool insulation between floors, and an attached two car heated garage with epoxy flooring and EV charging. Truly distinctive and thoughtfully designed throughout. Private showings by appointment only.
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 4,375 sq ft principal dwelling). Lot size: 20,199 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
Electric Water Heater • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer
Geography
Listing Agent: John Gambone
Listing Office: Leverage Real Estate, LLC
MLS® Number: 73567200
