Active Under Contract
23 Days on market
355 South Street Reading — Photo 1 of 15

355 South Street Reading — Photo 1 of 15

$849,900

Investment Analysis — 355 South Street

Reading, MA 01867

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 2.38% cap rate and $20,199/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,620

Style

Single Family

Built

1948

More than move in ready, this Cape has been thoughtfully updated with numerous improvements throughout. Like many Cape-style homes, it offers a flexible floor plan with spaces that can adapt to your needs. Where to begin? Let's start with the new kitchen, featuring shaker-style cabinets, quartz countertops, stainless steel appliances, hardwood flooring, complemented by stylish black faucet, lights and cabinet pulls. The first floor bathroom is also new with a tiled tub surround and tile flooring, also featuring black faucets, mirror, and lighting. The first floor also includes a versatile room that can be used as either a dining room or bedroom, depending on your needs. Upstairs, you will find two bedrooms and a half bathroom. the lower level adds even more flexibility with a multi-purpose room that could serve as an office, playroom or exercise area, along with an updated 3/4 bathroom. New heat/air conditioning mini split systems. Outside, the improvements continue with a new roof and new patio overlooking the spacious yard. The work is complete-just move in, unpack, and enjoy!

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: 810 sq ft (the lesser of 900 sq ft or half the 1,620 sq ft principal dwelling). Lot size: 10,001 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

Original Price$849,900
Annual Taxes$8,438

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms7
FireplacesNone
FlooringTile, Hardwood
BasementFull, Partially Finished, Bulkhead, Sump Pump

Climate & Utilities

HeatingElectric Baseboard, Heat Pump, Natural Gas
CoolingHeat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningS-15

Property & Lot

Acres0.23
SqFt Lot10,001
Lot FeaturesWooded, Level

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Microwave

Neighborhood

Public Transportation • Shopping • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bathroom 2
First
Living RoomKitchenMaster BedroomBathroom 1
Basement
Bathroom 3
Living Room
Lvl First

15 x 15

Flooring - Hardwood, Cable Hookup, Recessed Lighting

Kitchen
Lvl First

14 x 11.5

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Remodeled

Master Bedroom
Lvl First

11 x 11

Cedar Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Second

10 x 13

Bedroom 3
Lvl Second

13.5 x 13

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Recessed Lighting

Bathroom 2
Lvl Second

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Basement

Bathroom - 3/4, Bathroom - Tiled With Shower Stall

Property History

Listed
$849,900

Aug 20, 2026

MLS® 73566522

Sold
$575,000

Apr 3, 2026

MLS® 73493006

Listed
$625,000

Mar 27, 2026

MLS® 73493006

Listing Provided By

Listing Agent: Kevin Coughlin

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73566522