118-120 Prescott Street Reading — Photo 1 of 28
$1,099,000
Investment Analysis — 118-120 Prescott Street
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01867 carries an estimated $5,760/mo in gross rent — about a 3.50% cap rate and $38,508/yr in estimated NOI at the $1,099,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
3,534
Style
2 Family - 2 Units Up/Down
Built
1916
An opportunity to own a spacious Philadelphia style 2 family home, located in the desirable west side of Reading. Excellent commuter location to the train, bus, I -93 and I-128 with easy access to the schools, library and the vibrant town center. Unit 1 features a living room, dining room, first floor study, kitchen, 2 bedrooms and 1.5 baths. Unit 2 offers a living room, dining room with a china cabinet, study, sunroom, 3 bedrooms plus 2 baths. Additional details include ample closets, hardwood floors, large unfinished basement, attic, a nice level back yard, deck, maintenance free vinyl siding and plenty of off street parking. Whether it is multi-generational living, owner-occupancy with supplemental rental income or a long-term investment, this solid home offers that flexibility.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Microwave
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Conservation Area • Highway Access
Geography
Listing Agent: Sumi Sinnatamby
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73577214