
175 West St Reading — Photo 1 of 42
$1,799,900
Investment Analysis — 175 West St
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01867 carries an estimated $3,470/mo in gross rent — about a 1.29% cap rate and $23,162/yr in estimated NOI at the $1,799,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
3,647
Style
Single Family
Built
1967
Tucked back from the street behind a sweeping horseshoe driveway, this fully remodeled home sits in one of Massachusetts' top-rated school districts. The renovation more than doubled the original square footage while preserving every bit of the home's historic character, striking a balance between timeless charm and thoughtful modern construction. Upstairs, the open floor plan connects the kitchen, dining room, sitting room, and living room with an ease that suits both quiet evenings and larger gatherings, alongside three bedrooms and two and a half bathrooms. The primary suite offers its own soaking tub, walk-in shower, double vanities, and a walk-in closet ready to be configured to your preference. Downstairs, the lower level has a distinct character of its own: a family room anchored by a wood-burning fireplace framed in black stacked stone, a wet bar with black leathered granite and a built-in wine and glass rack, a full bathroom, two additional bedrooms, and a mudroom, with engineered hardwood flooring underfoot throughout. The construction quality is evident in the details, from a three-car garage and sound-dampening insulation in every upstairs bedroom wall and the laundry room, to a hydro-air heating system that keeps humidity comfortable through New England winters, over 110 recessed lights, and switches and outlets placed exactly where you'd want them. Hardwood floors run through the entire upper level. Sitting on a nearly half-acre lot lined with mature trees, the backyard offers genuine privacy, with a patio and deck that make outdoor living an easy extension of the home. Solar-ready with conduit running to the attic and pre-wired for an EV charger, the property is well-positioned for how people choose to live today.
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 3,647 sq ft principal dwelling). Lot size: 18,927 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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Amenities & Appliances
Gas Water Heater • Tankless Water Heater • Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range • Oven
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Floorplan Breakdown
Structural Layout
Living Room
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Lvl BasementBedroom 5
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Lvl BasementProperty History
$1,799,900
Sep 10, 2026
MLS® 73572535
$690,000
Nov 4, 2025
MLS® 73440770
$737,000
Oct 7, 2025
MLS® 73440770
Listing Agent: Mccaul & Mounsif Real Estate Group
Listing Office: McCaul & Mounsif Real Estate Group LLC
MLS® Number: 73572535