51 Hopkins Street Reading — Photo 1 of 41
$839,000
Investment Analysis — 51 Hopkins Street
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 2.43% cap rate and $20,357/yr in estimated NOI at the $839,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,640
Style
Single Family
Built
1957
CLASSIC CAPE STYLE CHARM, meets modern functionality in this BEAUTIFULLY DESIGNED WEST SIDE home offering generous living spaces and exceptional POTENTIAL FOR FUTURE EXPANSION, IDEAL COMMUTER LOCATION! At the heart of the home is AN UPDATED WHITE KITCHEN W/ISLAND, GRANITE Counters, STAINLESS APPLIANCES, w/abundant workspace and a seamless connection to the surrounding living areas—MOVE IN READY! ideal for both everyday living & entertaining DESIGNED for today’s lifestyle, the home also features a convenient mudroom, attached garage, NEW COMPOSITE DECK, 2 FULL BATHS and impressively sized bedrooms offering comfort, versatility and ample storage. Outside is a sprinkler system and play area. The expansive walk-out lower level presents an incredible opportunity to create additional finished living space tailored to your needs. With its generous footprint and direct outdoor access, the possibilities are plentiful—family room, home office, gym, recreation space or guest accommodation's positioned near schools, commuter routes and area amenities, this property offers the perfect combination of classic New England character, a desirable open layout and remarkable room to grow. A wonderful opportunity to enjoy a MOVE-IN-READY home today while taking advantage of its significant future potential. Enjoy all of the shops and restaurants that Reading has to offer, only 11 miles to BOSTON!
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: 820 sq ft (the lesser of 900 sq ft or half the 1,640 sq ft principal dwelling). Lot size: 10,184 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
Water Heater • Range • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First16 x 12
Closet/Cabinets - Custom Built, Flooring - Hardwood, Cable Hookup, Exterior Access, Recessed Lighting, Remodeled, Lighting - Overhead
Dining Room
Lvl Main,First13 x 11
Closet, Flooring - Hardwood, Flooring - Wood, Open Floorplan, Remodeled
Kitchen
Lvl Main,First15 x 11
Flooring - Hardwood, Flooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Remodeled, Stainless Steel Appliances
Master Bedroom
Lvl Second19 x 15
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 2
Lvl Second19 x 14
Bedroom 3
Lvl Main,First12 x 11
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub, Closet
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Listing Agent: Katie Varney
Listing Office: Classified Realty Group
MLS® Number: 73573883
