130 Central St North Reading — Photo 1 of 11
$669,000
Investment Analysis — 130 Central St
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01864 carries an estimated $3,800/mo in gross rent — about a 3.87% cap rate and $25,859/yr in estimated NOI at the $669,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,888
Style
Single Family
Built
1955
Investors, Contractors and Cash Buyers bring your vision to this well-maintained spacious home at 130 Central St! Your ideas will transform this well-located Little School District property into something special. The flexible first floor plan offers multiple purposes for each area. The current layout features a living room with fireplace, one bedroom, cozy kitchen, dining room, and full bath on main level. Second level has two large bedrooms with deep closets and full bath. Full unfinished basement is accessible via interior and exterior and provides ample storage. Screened in breezeway connects garage to kitchen. Deck overlooking perfect manicured landscape provides comfortable peaceful retreat. The home is in need of cosmetic work. Your vision will transform it to modern day living. Home is located close to schools, highways, shopping, Ipswich River Park, and library. Walpole fence adds to curb appeal. Windows, door, hot water heater, breezeway steps and oil burner are not original. Gas on street. Hardwood possibly beneath carpet. Sold as is. Estate Sale. Buyer responsible for Title V and Smoke Certificate.
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: 900 sq ft (the lesser of 900 sq ft or half the 1,888 sq ft principal dwelling). Lot size: 15,246 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
Neighborhood
Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl FirstBathroom - Full
Bathroom 3
Lvl SecondBathroom - Full
Listing Agent: Marina Tramontozzi
Listing Office: True North Realty
MLS® Number: 73580679