Active
15 Days on market
8 Sanborn St #2011 Reading — Photo 1 of 40

8 Sanborn St #2011 Reading — Photo 1 of 40

$300,000

Investment Analysis — 8 Sanborn St #2011

Reading, MA 01867

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01867 carries an estimated $2,620/mo in gross rent — about a 6.09% cap rate and $18,268/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,159

Style

Condominium

Built

2019

Beautiful 2 bdrm, 2 bath, 1,159 SF bright and sunny corner unit in The Postmark building. Built in 2019, this home features granite counters, kitchen island, gas cooking, washer/dryer hookups, laminate flooring in kitchen/living areas and carpeted bedrooms. Primary bath offers a double vanity and walk-in shower. Central A/C, gas heat, low condo fee of $245.03 and one deeded parking space. Building amenities include an elevator, a fitness center and inviting common area to gather or relax. Conveniently located near downtown, commuter rail, restaurants, shopping and major highways. This home is subject to income restrictions and available only to households meeting applicable Area Median Income (AMI) requirements based on household size (1 person $96,000, 2 person $109,700, 3 person $123,400, 4 person $137,100). See application for more eligibility details. Housing Assistance Corp has been engaged to administer the lottery. To be eligible for lottery drawing applications must be submitted by 5:00 PM Monday, September 7, 2026, with required pre-approval and identification. Call listing agent with any questions or for further details Application link: https://www.cognitoforms.com/HousingAssistanceCorporation/ThePostmarkCondominiumsUnit2011HomeownershipApplication. NO SHOWINGS UNTIL AFTER LOTTERY IS DRAWN.

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

Original Price$300,000
Annual Taxes$2,686
HOA Fee$245.03

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Carpet, Laminate
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningBUSB

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Highway Access • House of Worship • Private School • Public School

Geography

Floorplan Breakdown

Structural Layout

Unknown
KitchenMaster BedroomBathroom 1Bathroom 2
Kitchen
Lvl null

Flooring - Laminate, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Gas Stove, Lighting - Pendant

Master Bedroom
Lvl null

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl null

Bathroom - 3/4, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl null

Bathroom - Full, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Tracy Spaniol

Listing Office: RE/MAX Encore

MLS® Number: 73569542