7 Locust Street Reading — Photo 1 of 40
$789,900
Investment Analysis — 7 Locust 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 2.52% cap rate and $19,923/yr in estimated NOI at the $789,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,836
Style
Single Family
Built
1975
Perfectly positioned in the heart of Reading, this nicely updated 3 Bedroom, 2 bath Split-Entry offers the ideal combination of modern updates, everyday comfort, and unbeatable convenience. Just minutes from the commuter rail, schools, parks, and vibrant downtown,, this move-in-ready home features a modern kitchen with stainless steel appliances, new wood floors, and fresh paint throughout. The bright, functional layout extends to an oversized deck overlooking a spacious backyard, creating the perfect setting for entertaining, relaxing, or outdoor play. A walk-out lower level offers flexible living space for a possibile In-law featuring a covered patio, family room, a home office or gym and a full bath plus an oversized separate laundry room for added convenience. A one-car garage and a private fenced in yard with plenty of room to enjoy complete this fantastic home!
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 1,836 sq ft principal dwelling). Lot size: 11,103 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20 x 14
Flooring - Wood, Window(s) - Picture
Dining Room
Lvl First11 x 11
Flooring - Wood, Balcony / Deck
Kitchen
Lvl First11 x 11
Flooring - Wood, Kitchen Island, Stainless Steel Appliances
Office
Lvl Basement12 x 11
Wood / Coal / Pellet Stove, Flooring - Stone/Ceramic Tile
Family Room
Lvl Basement24 x 16
Flooring - Wood, Exterior Access
Master Bedroom
Lvl First16 x 11
Closet, Flooring - Wood
Bedroom 2
Lvl First10 x 10
Bedroom 3
Lvl First12 x 11
Closet, Flooring - Wood
Bathroom 1
Lvl First8 x 7
Bathroom - Full, Bathroom - Tiled With Shower Stall
Bathroom 2
Lvl Basement8 x 7
Bathroom - Full, Bathroom - Tiled With Tub
Listing Agent: Chuha & Scouten Team
Listing Office: Leading Edge Real Estate
MLS® Number: 73567917
