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297 Woburn Street Reading — Photo 1 of 39

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.

View Standard Listing

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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Open Houses

Property Details

Financials

Original Price$799,000
Annual Taxes$9,115

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Hardwood, Flooring - Hardwood
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingSteam, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningS15

Property & Lot

Acres0.15
SqFt Lot6,364
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Bathroom 1
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

17 x 12

Closet/Cabinets - Custom Built, Flooring - Hardwood, Exterior Access

Dining Room
Lvl Main,First

11 x 12

Closet/Cabinets - Custom Built, Flooring - Hardwood, Exterior Access

Kitchen
Lvl Main,First

15 x 12

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Open Floorplan

Primary Bedroom
Lvl Second

14 x 12

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

15 x 12

Bedroom 3
Lvl Second

11 x 7

Flooring - Hardwood

Bathroom 1
Lvl First

4 x 8

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

9 x 8

Bathroom - Full, Bathroom - Tiled With Tub, Closet - Linen, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Ngoc Anh Goldstein

Listing Office: Leading Edge Real Estate

MLS® Number: 73581108