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345 Lowell St Reading — Photo 1 of 21

345 Lowell St Reading — Photo 1 of 21

$1,100,000

Investment Analysis — 345 Lowell St

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 1.81% cap rate and $19,940/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

2,257

Style

Single Family

Built

1918

Welcome to a thoughtfully updated home offering comfort, flexibility, and easy living, This home is truly unique, tucked away in a secluded setting on a spacious lot yet minutes from the train and major routes. The main level features an open living area that is further expanded via decks overlooking the private yard, a renovated kitchen, and inviting spaces for everyday use or entertaining, The home is .primarily designed with one level offering over 1800 sf making it perfect for all aged residents and pets The primary bedroom has a private family room in addition to the bedroom and bath creating its own oasis. Outside, enjoy a private yard perfect for relaxing, gardening, or hosting as well as a firepit and heated shed. A move-in-ready home with room to expand. The present owner' s extensive updates including , raising and replacing the roof, insulation, newer roof, 2 option on heating systems, 3 zone heat, kitchen and baths, floors, windows, gym and updating the lower level rec room and more, Whether you thrive on hosting lively gatherings or cherish uninterrupted solitude this homes tucked away location is increasingly hard to find. Tesla charger stays!

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 2,257 sq ft principal dwelling). Lot size: 37,483 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

Original Price$1,100,000
Annual Taxes$8,697

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms8
Fireplaces2
FlooringWood
BasementPartially Finished, Walk-Out Access

Climate & Utilities

HeatingCentral, Baseboard, Electric Baseboard, Natural Gas, Electric, Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
FoundationBlock
Zoning515

Property & Lot

Acres0.86
SqFt Lot37,483
Lot FeaturesGentle Sloping

Amenities & Appliances

Water Heater • Gas Water Heater • Range • Dishwasher • Disposal • Microwave

Neighborhood

Shopping • Conservation Area • T-Station

Geography

Floorplan Breakdown

Structural Layout

Second
Family Room
First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Basement
Bathroom 3
Living Room
Lvl First

Flooring - Wood, Balcony / Deck, Open Floorplan

Dining Room
Lvl First

Flooring - Wood, Balcony / Deck

Kitchen
Lvl First
Family Room
Lvl Second
Primary Bedroom
Lvl First
Bedroom 2
Lvl First
Bedroom 3
Lvl First
Bathroom 1
Lvl First
Bathroom 2
Lvl First
Bathroom 3
Lvl Basement
Listing Provided By

Listing Agent: Robin Miller

Listing Office: RE/MAX Destiny

MLS® Number: 73582517