
31 Cedar St North Reading — Photo 1 of 42
Recent Drop: $199,001
$1,999,999
Investment Analysis — 31 Cedar St
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 9-bedroom in 01864 carries an estimated $4,200/mo in gross rent — about a 0.72% cap rate and $14,317/yr in estimated NOI at the $1,999,999 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
8.5
SqFt
8,138
Style
Single Family
Built
2007
A RARE NORTH READING ESTATE — NOW OFFERED UNDER $2M. Privately set on 5.25 acres at the end of a desirable cul-de-sac, this turnkey property offers a combination of scale, privacy & versatility rarely available in North Reading. With over 8,100 SF of living space, extensive updates & Title V passed, it's ready to enjoy now while still offering the opportunity to personalize or elevate over time.The expansive main residence features 4 bedrooms, 3.5 baths, multiple living & entertaining spaces, fireplaces, full bar, updated kitchen with granite, fresh paint, deck, fenced patio & 3-car garage. The finished walkout level adds flexible living, office & recreation space with separate entrances.A detached carriage house further sets this property apart, offering hardwood floors, granite kitchen with upgraded appliances, 1.5 baths, additional finished space & its own garages. Throughout the property, numerous flexible-use rooms provide options for additional sleeping areas, guest accommodations, home offices, recreation, extended family or other lifestyle needs.With 5+ private acres, extensive garage & parking capacity, irrigation and remarkable flexibility, 31 Cedar presents a rare opportunity to own a property of this caliber and scale in North Reading. Move right in, make it your own & enjoy an estate that would be difficult to replicate today—all convenient to Boston, major routes & area amenities. Buyer/agent to perform due diligence regarding accessory spaces & permitted uses. Seller reserves the right to accept an offer at any time. Agent related to Seller *Some photos virtually staged using AI.*
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 8,138 sq ft principal dwelling). Lot size: 228,690 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Trash Compactor • Microwave • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Property History
$1,999,999
Was $2,198,999
Aug 24, 2026
MLS® 73551891
$2,198,999
Was $2,199,000
Jul 31, 2026
MLS® 73551891
$2,199,000
Jul 18, 2026
MLS® 73551891
Listing Agent: Lauren Boccelli
Listing Office: Century 21 North East
MLS® Number: 73551891