
18 Gordon Rd North Reading — Photo 1 of 37
$719,000
Investment Analysis — 18 Gordon Rd
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 3.73% cap rate and $26,803/yr in estimated NOI at the $719,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,350
Style
Single Family
Built
1934
Welcome to this inviting 3-bedroom, 2-bathroom home, thoughtfully designed to provide comfort, versatility, and everyday convenience. The spacious layout offers room for everyone, with well-sized bedrooms, two full bathrooms, and inviting living spaces ideal for relaxing or entertaining.At the heart of the home is a welcoming living area that flows naturally into the kitchen and dining spaces, creating an easy setting for gatherings and daily life. The kitchen offers practical functionality and ample room for meal preparation, while the adjoining spaces provide flexibility for hosting family and friends.One of the home’s most appealing features is the four-season porch. Filled with year-round potential, this bright and versatile space can serve as a peaceful retreat, reading area, entertainment space, or a comfortable place to enjoy your morning coffee while taking in the changing seasons.The dedicated home office adds valuable flexibility for remote work, studying, or managing household tasks. It provides a quiet, separate space to stay productive without sacrificing one of the home’s bedrooms.With its functional floor plan, comfortable living areas, and adaptable spaces, this home is an excellent choice for those seeking both convenience and charm. Whether you’re working from home, hosting guests, or enjoying a quiet evening in the four-season porch, this property offers the space and flexibility to fit a variety of lifestyles.
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 2,350 sq ft principal dwelling). Lot size: 8,712 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
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstOffice
Lvl BasementPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl FirstListing Agent: Gerald Mullen
Listing Office: NextHome Signature Realty
MLS® Number: 73566321