Active Under Contract
23 Days on market
86 Orange Street Reading — Photo 1 of 42

86 Orange Street Reading — Photo 1 of 42

Recent Drop: $30,900

$879,900
$849,000

$849,000

Investment Analysis — 86 Orange Street

Reading, MA 01867 — Memorial Park

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 2.23% cap rate and $18,909/yr in estimated NOI at the $849,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,599

Style

Single Family

Built

1931

Welcome to 86 Orange Street Reading. This extremely charming and updated Gambrel Cape is situated on an elevated corner lot just minutes from Reading's vibrant and growing downtown. The first floor welcomes you with a front-to-back living room that has a beautiful fireplace, a formal dining room, an updated kitchen, and a 1st floor bedroom with full bath. The living room leads to a wonderful screened-in porch overlooking a private "Beacon Hill" like patio. The second level offers 2 bedrooms with great closet space, and an office/nursery/playroom. Also on the second floor is a full bathroom with a large skylight providing an abundance of natural light. The backyard is fenced in and has mature plantings that provides plenty of privacy. A picturesque wooden shed with window boxes allows for additional storage. A one-car garage under and a paved driveway complete all that this great home has to offer. Conveniently located near Memorial Park with a children's playground, pickleball, tennis and basketball courts, outdoor events and seasonal ice-skating making this a great location to enjoy the outdoors!

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: 800 sq ft (the lesser of 900 sq ft or half the 1,599 sq ft principal dwelling). Lot size: 7,603 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$879,900
Annual Taxes$9,728

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Carpet, Concrete, Laminate, Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Interior Entry, Garage Access, Concrete, Unfinished

Climate & Utilities

HeatingCentral, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Block
ZoningS-15

Property & Lot

Acres0.17
SqFt Lot7,603
Lot FeaturesCorner Lot, Gentle Sloping

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

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

21 x 11

Closet, Flooring - Hardwood

Dining Room
Lvl First

12 x 9

Flooring - Hardwood

Kitchen
Lvl First

12 x 8

Flooring - Laminate, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Breakfast Bar / Nook, Cabinets - Upgraded

Office
Lvl Second

12 x 8

Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Attic Access

Master Bedroom
Lvl First

14 x 10

Flooring - Hardwood, Closet - Double

Bedroom 2
Lvl Second

15 x 11

Bedroom 3
Lvl Second

12 x 12

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

8 x 8

Bathroom - Full, Flooring - Stone/Ceramic Tile, Enclosed Shower - Fiberglass

Bathroom 2
Lvl Second

7 x 5

Bathroom - Full, Bathroom - With Tub & Shower, Skylight, Flooring - Stone/Ceramic Tile, Pedestal Sink

Property History

Price Drop
$849,000

Was $879,900

Aug 26, 2026

MLS® 73566196

Listed
$879,900

Aug 20, 2026

MLS® 73566196

Listing Provided By

Listing Agent: Mary Ann Quinn Team

Listing Office: Premier Realty Group, Inc.

MLS® Number: 73566196