86 Orange Street Reading — Photo 1 of 42
Recent Drop: $30,900
$849,000
Investment Analysis — 86 Orange Street
Reading, MA 01867 — Memorial Park
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 2.23% cap rate and $18,909/yr in estimated NOI at the $849,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,599
Style
Single Family
Built
1931
Welcome to 86 Orange Street Reading. This extremely charming and updated Gambrel Cape is situated on an elevated corner lot just minutes from Reading's vibrant and growing downtown. The first floor welcomes you with a front-to-back living room that has a beautiful fireplace, a formal dining room, an updated kitchen, and a 1st floor bedroom with full bath. The living room leads to a wonderful screened-in porch overlooking a private "Beacon Hill" like patio. The second level offers 2 bedrooms with great closet space, and an office/nursery/playroom. Also on the second floor is a full bathroom with a large skylight providing an abundance of natural light. The backyard is fenced in and has mature plantings that provides plenty of privacy. A picturesque wooden shed with window boxes allows for additional storage. A one-car garage under and a paved driveway complete all that this great home has to offer. Conveniently located near Memorial Park with a children's playground, pickleball, tennis and basketball courts, outdoor events and seasonal ice-skating making this a great location to enjoy the outdoors!
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: 800 sq ft (the lesser of 900 sq ft or half the 1,599 sq ft principal dwelling). Lot size: 7,603 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
Water Heater • Range • Dishwasher • Microwave
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 11
Closet, Flooring - Hardwood
Dining Room
Lvl First12 x 9
Flooring - Hardwood
Kitchen
Lvl First12 x 8
Flooring - Laminate, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Breakfast Bar / Nook, Cabinets - Upgraded
Office
Lvl Second12 x 8
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Attic Access
Master Bedroom
Lvl First14 x 10
Flooring - Hardwood, Closet - Double
Bedroom 2
Lvl Second15 x 11
Bedroom 3
Lvl Second12 x 12
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First8 x 8
Bathroom - Full, Flooring - Stone/Ceramic Tile, Enclosed Shower - Fiberglass
Bathroom 2
Lvl Second7 x 5
Bathroom - Full, Bathroom - With Tub & Shower, Skylight, Flooring - Stone/Ceramic Tile, Pedestal Sink
Property History
$849,000
Was $879,900
Aug 26, 2026
MLS® 73566196
$879,900
Aug 20, 2026
MLS® 73566196
Listing Agent: Mary Ann Quinn Team
Listing Office: Premier Realty Group, Inc.
MLS® Number: 73566196
