11 Sweetser Ave Reading — Photo 1 of 41
$749,000
Investment Analysis — 11 Sweetser Ave
Reading, MA 01867 — Washington Park/Downtown
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 2.76% cap rate and $20,660/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,474
Style
Single Family
Built
1916
Welcome to 11 Sweetser Ave ideally located in a desirable downtown Reading. Available for the first time in 37 years, this charming 3-bedroom, 1½-bath Colonial offers a rare opportunity to own a home in one of Reading’s most convenient locations. Enjoy being just steps from downtown Reading and the commuter rail, with Washington Park just feet away. The home features a desirable open backyard, a rare find for such a convenient downtown location, providing excellent space for outdoor enjoyment and entertaining. With its combination of location, accessibility, and outdoor space, this property offers tremendous potential for a variety of buyers. Don’t miss this special opportunity to make this long-loved Reading home your own.
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: 737 sq ft (the lesser of 900 sq ft or half the 1,474 sq ft principal dwelling). Lot size: 5,001 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 MLS and other third-party data may be inaccurate or out of date.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.
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Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
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Listing Agent: Alexander Colarusso
Listing Office: Colarusso Realty
MLS® Number: 73581939