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102 Park Street North Reading — Photo 1 of 42

102 Park Street North Reading — Photo 1 of 42

$799,900

Investment Analysis — 102 Park Street

North Reading, MA 01864

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01864 carries an estimated $3,170/mo in gross rent — about a 2.73% cap rate and $21,803/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2.5

SqFt

1,582

Style

Single Family

Built

1880

Completely renovated 1880 Colonial offers the perfect condo alternative with the space and privacy of a single-family home. A rare blend of historic charm and modern luxury this home has been gutted to the studs and rebuilt for today’s lifestyle. The home features 2+ bedrooms, 2.5 baths, gleaming hardwood floors, new roof, new heating system, and central air. The beautifully appointed kitchen boasts a center island, stainless steel appliances, and ample cabinetry, while a convenient stackable washer and dryer adds everyday ease. The primary suite offers walk in closet and beautiful 3/4 bath with walk-in shower & the second bedroom also features a walk in closet. An office/guest room completes the second floor! Set on approximately 1/4 acre, the property offers room to enjoy the outdoors while remaining close to schools, parks, and major commuting highways. Original character and architectural charm have been carefully preserved, creating a home that truly offers the best of both worlds—timeless appeal with everything new where it matters most.

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: 791 sq ft (the lesser of 900 sq ft or half the 1,582 sq ft principal dwelling). Lot size: 10,890 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

Original Price$799,900
Annual Taxes$7,107

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Hardwood, Flooring - Hardwood
BasementFull, Bulkhead

Climate & Utilities

HeatingForced Air, Propane
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar
ZoningRB

Property & Lot

Acres0.25
SqFt Lot10,890
Lot FeaturesOther

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
OfficePrimary BedroomBedroom 2Bathroom 2Bathroom 3
First
Dining Room
Main,First
Living RoomKitchenFamily RoomBathroom 1
Living Room
Lvl Main,First

14 x 13

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

11 x 8

Flooring - Hardwood

Kitchen
Lvl Main,First

15 x 11

Cabinets - Upgraded, Recessed Lighting, Lighting - Overhead

Office
Lvl Second

14 x 8

Flooring - Hardwood, Lighting - Overhead

Family Room
Lvl Main,First

15 x 14

Flooring - Hardwood, Balcony / Deck, Lighting - Overhead

Primary Bedroom
Lvl Second

15 x 14

Bathroom - 3/4, Cathedral Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting, Lighting - Overhead

Bedroom 2
Lvl Second

13 x 13

Bathroom 1
Lvl Main,First

7 x 4

Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Bathroom 2
Lvl Second

7 x 5

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Enclosed Shower - Plastic, Lighting - Sconce

Bathroom 3
Lvl Second

7 x 7

Bathroom - 3/4, Bathroom - Tiled With Shower Stall

Listing Provided By

Listing Agent: Chuha & Scouten Team

Listing Office: Leading Edge Real Estate

MLS® Number: 73577491