22 Hillview Rd North Reading — Photo 1 of 38
$680,000
Investment Analysis — 22 Hillview Rd
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01864 carries an estimated $3,800/mo in gross rent — about a 3.76% cap rate and $25,585/yr in estimated NOI at the $680,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,636
Style
Single Family
Built
1962
Welcome to this charming side-split nestled on a quiet cul-de-sac in one of North Reading’s desirable neighborhoods. Set on nearly an acre of beautiful, tree-lined land, this 3-bedroom, 1.5-bath home offers a unique layout that lives much like a two-story home, with the front entry opening directly into a welcoming living area. The home is clean and ready to move in, while offering plenty of opportunity to add your own personal touches over time—ideal for buyers who want to enjoy the home now and thoughtfully renovate at their own pace. Short set of stairs brings you to a flexible/bonus room, perfect for a home office, reading room or tv room. The spacious back porch extends the living space outdoors and overlooks a peaceful, private backyard surrounded by mature trees, creating a wonderful setting for morning coffee, entertaining, or simply unwinding at the end of the day. Adding peace of mind, the property features a brand-new 2026 (4 beds) septic system. With its generous lot, desirable location, flexible layout, and tranquil outdoor setting, this North Reading home is ready to welcome its next owner and become something truly special. Property sold as-is.
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: 818 sq ft (the lesser of 900 sq ft or half the 1,636 sq ft principal dwelling). Lot size: 40,946 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.
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Water Heater • Range • Microwave • Refrigerator
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Shopping • Park • Walk/Jog Trails • Golf • Medical Facility • Bike Path
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Living Room
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Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstListing Agent: Elis Aguilarbecker
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73577103