Active
1 Days on market
118-120 Prescott Street Reading — Photo 1 of 28

118-120 Prescott Street Reading — Photo 1 of 28

$1,099,000

118-120 Prescott Street, Reading, MA 01867

Reading, MA 01867

Investor Analysis

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$311/sqft
Local Avg (Reading)$473/sqft
34% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Reading, MA.

Property Details

Financials

Original Price$1,099,000
Annual Taxes$14,023

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms14
Fireplaces2
FlooringWood, Tile, Hardwood
BasementFull, Interior Entry, Bulkhead, Sump Pump

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRES

Property & Lot

Acres0.22
SqFt Lot9,378
Lot Features--

Amenities & Appliances

Range • Microwave

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Conservation Area • Highway Access

Geography

Population

25,612

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$166K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

17.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Sumi Sinnatamby

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73577214

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