
297 Woburn Street Reading — Photo 1 of 39
$799,000
Investment Analysis — 297 Woburn Street
Reading, MA 01867
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 2.44% cap rate and $19,522/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,452
Style
Single Family
Built
1907
This move-in ready Colonial blends timeless architecture with thoughtfully updated interiors, offering an elevated take on classic New England living. Set along a sidewalk-lined boulevard leading toward Reading Center and approximately one mile from the commuter rail, the home welcomes you with a charming front porch, warm hardwood floors, generous ceiling height, and beautifully proportioned living spaces. The fireplaced living room flows into a stylish kitchen appointed with stone countertops, stainless steel appliances, crisp white cabinetry, subway tile, and a spacious peninsula with seating. Just beyond, a walk-in pantry with custom cabinetry provides exceptional storage, while the dining room is enhanced by custom built-ins and direct access to the deck for effortless indoor-outdoor entertaining. A sun-filled study offers flexible use as a home office, playroom, or sitting room. Upstairs, the spacious primary bedroom is joined by two additional bedrooms and a striking black-and-white tiled bath. Outside, the deck overlooks a level, fully fenced yard, while the garage and expansive unfinished basement add valuable storage and future potential. Sophisticated, inviting, and truly move-in ready, this is a home that combines character, comfort, and everyday functionality beautifully.
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: 726 sq ft (the lesser of 900 sq ft or half the 1,452 sq ft principal dwelling). Lot size: 6,364 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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Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
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Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First17 x 12
Closet/Cabinets - Custom Built, Flooring - Hardwood, Exterior Access
Dining Room
Lvl Main,First11 x 12
Closet/Cabinets - Custom Built, Flooring - Hardwood, Exterior Access
Kitchen
Lvl Main,First15 x 12
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Open Floorplan
Primary Bedroom
Lvl Second14 x 12
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second15 x 12
Bedroom 3
Lvl Second11 x 7
Flooring - Hardwood
Bathroom 1
Lvl First4 x 8
Bathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second9 x 8
Bathroom - Full, Bathroom - Tiled With Tub, Closet - Linen, Flooring - Stone/Ceramic Tile
Listing Agent: Ngoc Anh Goldstein
Listing Office: Leading Edge Real Estate
MLS® Number: 73581108