1-3 Railroad Ave North Reading — Photo 1 of 8
Recent Drop: $100,000
$799,900
Investment Analysis — 1-3 Railroad Ave
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01864 carries an estimated $2,540/mo in gross rent — about a 1.49% cap rate and $11,924/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.
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Residential
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Attention builders and contractors. Two building lots at end of dead end street. One is 2.5 acres, the other 1 acre. Surveys and septic design plans (4 Br) are attached in MLS. ConCom special permit approved May 19th 2026 good for 2 years. Private wooded setting. Two proposed 50x30 foundations on plan outside of wetland buffer. There are two dilapidated structures; one on each lot, that will need to be razed. Great opportunity to build two generous sized homes side by side in a great private yet convenient location. Assessment and taxes shown are for both lots combined. Sold as package.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Shopping • Park • Highway Access • Public School
Geography
Property History
$799,900
Was $899,900
Aug 16, 2026
MLS® 73558331
$899,900
Aug 3, 2026
MLS® 73558331
Listing Agent: Stephen Conroy
Listing Office: Boardwalk Real Estate
MLS® Number: 73558331