36 Grove Street Reading — Photo 1 of 38
$1,124,900
Investment Analysis — 36 Grove Street
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01867 carries an estimated $3,470/mo in gross rent — about a 1.79% cap rate and $20,146/yr in estimated NOI at the $1,124,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,858
Style
Single Family
Built
1990
This 4 BEDROOM, 2.5 BATH COLONIAL is so much more! MORE SPACE, MORE ROOMS, MORE YARD. The FORMAL LIVING ROOM features a wood burning FIREPLACE and stunning HARDWOOD FLOORS. The kitchen has a LARGE CENTER ISLAND with seating that opens into a perfect DINING SPACE. Off the kitchen is the FIRST FLOOR FAMILY ROOM with VAULTED CEILINGS, a GAS FIREPLACE, a GENEROUS PANTRY and a separate entrance with a MUDROOM. The FIRST FLOOR BEDROOM has its OWN ENTRANCE off the deck and is adjacent to a HALF BATH. The backyard is PRIVATE and FENCED-IN with MATURE LANDSCAPING, a STORAGE SHED, IRRIGATION and a raised VEGETABLE/FLOWER GARDEN. The second floor has 3 LARGE BEDROOMS and a FAMILY FULL BATH. The PRIMARY SUITE has amazing space, a WALK-IN CLOSET and PRIVATE BATH. The lower level has ENDLESS POSSIBILITIES with 3 finished spaces currently being used as a HOME OFFICE, REC ROOM and PLAY AREA. Located Minutes to MAJOR HIGHWAYS, COMMUTER RAIL, DOWNTOWN, SCHOOLS, LIBRARY and ALL THE BEST READING has to offer!
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: 900 sq ft (the lesser of 900 sq ft or half the 2,858 sq ft principal dwelling). Lot size: 18,086 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Golf • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 12
Flooring - Hardwood
Dining Room
Lvl First14 x 9
Flooring - Stone/Ceramic Tile
Kitchen
Lvl First14 x 14
Flooring - Stone/Ceramic Tile, Kitchen Island
Office
Lvl Basement13 x 11
Closet, Flooring - Wall to Wall Carpet
Family Room
Lvl First20 x 15
Vaulted Ceiling(s), Flooring - Hardwood
Primary Bedroom
Lvl Second16 x 14
Bathroom - Full, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second18 x 12
Bedroom 3
Lvl Second14 x 11
Flooring - Wall to Wall Carpet
Bedroom 4
Lvl First13 x 11
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First8 x 6
Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl Second8 x 7
Bathroom - Full, Bathroom - Tiled With Shower Stall
Bathroom 3
Lvl Second8 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Listing Agent: Margaret O'Sullivan
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73578005