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159 Howard Street Reading — Photo 1 of 26

159 Howard Street Reading — Photo 1 of 26

$719,900

Investment Analysis — 159 Howard Street

Reading, MA 01867 — West Side

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01867 carries an estimated $3,140/mo in gross rent — about a 2.78% cap rate and $19,987/yr in estimated NOI at the $719,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,228

Style

Single Family

Built

1941

Located in one of towns most sought after WEST SIDE neighborhoods where more expensive homes are found, this much loved home by the same family since 1946 is sure to please those who seek an opportunity where adding your sweat equity will add tremendously to the value of your new home in this amazing location. The setting is eye catching...the corner lot and beautiful yard add to the overall attractive curb appeal, where the maintenance free siding, replacement windows, solid front stairs, and a beautiful patio enhanced by privacy fencing create the scene of what's to come inside...more character and charm. As soon as you enter the vestibule, you will notice the large living room adorned with a bounty of sun-splashed windows, HW floors, a mantled fireplace, a pretty staircase, and stunning built-ins. From there, you will find one of three bedrooms, that would also serve as a superb home office, a most inviting dining room, complete with a corner hutch, and a kitchen offering an opportunity to come and make it your own...with access to the amazing patio area. Upstairs are two additional bedrooms, each with a distinctive personality, and the full bath. Fresh cosmetics will go a LONG WAY here, while additional updates could go on the back burner, or on your immediate "to do" list. You can NEVER change WHERE a house is, but can change with ease WHAT it is. This canvas awaits your finishing artistic touches. Don't delay...this happens about once every 80 years!

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: 614 sq ft (the lesser of 900 sq ft or half the 1,228 sq ft principal dwelling). Lot size: 7,501 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.

Open Houses

Property Details

Financials

Original Price$719,900
Annual Taxes$8,650

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Vinyl, Hardwood
BasementFull, Interior Entry, Sump Pump, Dirt Floor, Concrete, Unfinished

Climate & Utilities

HeatingHot Water, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock, Stone
ZoningRes.

Property & Lot

Acres0.17
SqFt Lot7,501
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Highway Access • House of Worship • Private School

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchenBedroom 3
Living Room
Lvl First

21.6 x 13.6

Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Exterior Access, Crown Molding, Vestibule

Dining Room
Lvl First

9.6 x 10

Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Lighting - Overhead, Crown Molding

Kitchen
Lvl First

11 x 8

Flooring - Vinyl, Exterior Access

Master Bedroom
Lvl Second

8.9 x 15.6

Closet, Flooring - Hardwood, Lighting - Sconce

Bedroom 2
Lvl Second

11 x 11

Bedroom 3
Lvl First

13 x 11

Flooring - Hardwood, Lighting - Sconce, Closet - Double

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Rick Nazzaro

Listing Office: Colonial Manor Realty

MLS® Number: 73575390