34 Lowell Road North Reading — Photo 1 of 42
$725,000
Investment Analysis — 34 Lowell Road
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01864 carries an estimated $3,800/mo in gross rent — about a 3.71% cap rate and $26,879/yr in estimated NOI at the $725,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,176
Style
Single Family
Built
1930
Move-in Ready Starter Home with all of the key updates! Break into desirable North Reading with 34 Lowell Road - Sitting on 2.1 Acres of Land, this thoughtfully updated home is filled with character and charm; with opportunity to grow. Highlighted by an elevated front porch with built-in swing, entering the home offers comfort with refinished hardwood floors and new vintage wallpaper to showcase the home's identity. The lower level features an upgraded kitchen and bathroom along with dining room, living room and bedroom spaces. A convenient mudroom off the kitchen leads to the expansive deck and back yard ready for hosting, play or relaxation and future upgrades of your choosing. The upstairs offers a new expanded bathroom, primary bedroom and additional bedroom with custom built-in features. Local North Reading offers plenty of shopping, restaurants, transportation options and schools. Don't wait to explore this home and see what North Reading has to offer! Lockbox available for buyer agents - private tours available upon request.
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: 588 sq ft (the lesser of 900 sq ft or half the 1,176 sq ft principal dwelling). Lot size: 91,476 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 • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 13
Dining Room
Lvl First13 x 12
Kitchen
Lvl First14 x 12
Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Cabinets - Upgraded, Remodeled
Master Bedroom
Lvl Second15 x 13
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second14 x 12
Bedroom 3
Lvl First12 x 10
Closet, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Remodeled, Wainscoting
Listing Agent: Joseph Rubendall
Listing Office: Right Way Realty LLC
MLS® Number: 73562313