Active
1 Days on market
400 Main Reading — Photo 1 of 42

400 Main Reading — Photo 1 of 42

$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-unit multi-family in 01867 carries an estimated $4,420/mo in gross rent — about a 4.13% cap rate and $35,086/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1.5

SqFt

1,603

Style

Multi 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.

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 MLS and other third-party data may be inaccurate or out of date.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$850,000
Annual Taxes$5,224

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
FireplacesNone
Flooring--
BasementFull, Partially Finished, Interior Entry

Climate & Utilities

HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningBusB

Property & Lot

Acres0.06
SqFt Lot2,548
Lot Features--

Amenities & Appliances

Other • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf

Geography

Property History

Listed
$850,000

Sep 12, 2026

MLS® 73576257

Listed
$850,000

May 13, 2026

MLS® 73518588

Listing Provided By

Listing Agent: Kimberly O'Neil Mara

Listing Office: Century 21 North East

MLS® Number: 73576257