15 Park Street #B North Reading — Photo 1 of 41
Recent Drop: $89,000
$1,200,000
Investment Analysis — 15 Park Street #B
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01864 carries an estimated $4,200/mo in gross rent — about a 1.99% cap rate and $23,904/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4
SqFt
3,196
Style
Single Family
Built
2026
Presenting A NEWLY CONSTRUCTED TOWNHOME 2026 a distinguished opportunity at 15 Park Street U:B, North Reading, a . This expansive 3196 square foot residence spans three stories and finished Lower Level, offering a sophisticated living experience. Every detail has been included with open concept for entertaining inthe kitchen/living and dining areas. The residence features four thoughtfully designed bedrooms, providing ample private accommodations. Complementing these are three full bathrooms and two half bathrooms, ensuring convenience and comfort for residents and guests alike. Further enhancing the property's appeal is an oversized detached garage and attached garage, offering heat/AC, substantial space for vehicles & additional storage. This exceptional townhome, situated just outside the Town Center, represents a pinnacle of modern design and functional living.
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 3,196 sq ft principal dwelling).
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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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Shopping • Park • Walk/Jog Trails • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First22 x 19
Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan, Recessed Lighting, Crown Molding
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan, Recessed Lighting
Kitchen
Lvl Main,First20 x 10
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Office
Lvl Third19 x 16
Flooring - Hardwood, Recessed Lighting
Family Room
Lvl Basement31 x 18
Closet/Cabinets - Custom Built, Flooring - Vinyl, Recessed Lighting
Primary Bedroom
Lvl Second21 x 11
Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting, Lighting - Overhead, Tray Ceiling(s)
Bedroom 2
Lvl Second12 x 12
Bedroom 3
Lvl Second13 x 12
Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 4
Lvl Third20 x 11
Closet, Flooring - Hardwood, Lighting - Overhead, Window Seat
Bathroom 1
Lvl FirstBathroom - Half, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl ThirdBathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Property History
$1,200,000
Was $1,250,000
Sep 9, 2026
MLS® 73540873
$1,250,000
Was $1,289,000
Jul 21, 2026
MLS® 73540873
$1,289,000
Jun 24, 2026
MLS® 73540873
$1,200,000
Jun 24, 2026
MLS® 73540803
Listing Agent: Valerie Previte
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73540873