400 Main Reading — Photo 1 of 42
Recent Drop: $49,000
$850,000
Investment Analysis — 400 Main
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01867 carries an estimated $2,620/mo in gross rent — about a 2.20% cap rate and $18,670/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,603
Style
Single Family
Built
1963
LIVE UPSTAIRS. RUN YOUR BUSINESS DOWNSTAIRS.LOW DOWN PAYMENT FINANCING AVAILABLE.Qualified owner-occupant buyers may be able to purchase this unique mixed-use property with as little as 5% down through conventional financing options.Welcome to 400 Main Street in Reading, where home and business come together under one roof.The first floor offers a flexible commercial space currently operating as a hair salon, complete with four styling stations, shampoo sinks, dryers, storage, and a half bath. Whether you’re a salon owner, esthetician, accountant, attorney, therapist, insurance agent, or another small business owner, this space offers incredible flexibility.Upstairs, you’ll find a beautiful two-bedroom residence featuring an open-concept kitchen with a four-seat peninsula, spacious living area, two private bedrooms, and a primary suite with a walk-in closet, spa-inspired bathroom, and private deck overlooking a fenced backyard.Even better, qualified buyers may be able to finance eligible improvements into the same mortgage, making it easier to customize the commercial space to fit your business.This is more than a property. It’s an opportunity to own your home, build your business, and invest in your future.
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: 802 sq ft (the lesser of 900 sq ft or half the 1,603 sq ft principal dwelling). Lot size: 2,548 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
Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondKitchen
Lvl SecondOffice
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBathroom 1
Lvl SecondBathroom 2
Lvl FirstBathroom 3
Lvl FirstProperty History
$850,000
Was $899,000
Jun 16, 2026
MLS® 73518588
$899,000
May 13, 2026
MLS® 73518588
Listing Agent: Kimberly O'Neil Mara
Listing Office: Century 21 North East
MLS® Number: 73518588