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118 Pine Ridge Rd Reading — Photo 1 of 42

118 Pine Ridge Rd Reading — Photo 1 of 42

$1,250,000

Investment Analysis — 118 Pine Ridge Rd

Reading, MA 01867

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01867 carries an estimated $3,470/mo in gross rent — about a 1.61% cap rate and $20,154/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

3,053

Style

Single Family

Built

1951

Presenting an exceptional opportunity on Pine Ridge Rd in one of Reading’s most desirable Westside neighborhoods. This impressive expanded Cape-style home offers 3,053 square feet of thoughtfully designed living space, providing room for both comfortable everyday living and entertaining. The home features four well-proportioned bedrooms, including a spacious primary suite with a walk-in closet and ensuite bath. An additional bathroom and a convenient half bath provide flexibility and comfort for residents and guests. The first floor offers a spacious, gas fireplaced formal living room, and separate family room. A full, partially finished walk-out basement offers valuable additional space and excellent potential for a variety of uses. Outside, the generous 10,001-square-foot lot features a deck, patio, and welcoming front porch, creating multiple opportunities to enjoy the outdoors. Expanded and substantially renovated in 2011, the home received numerous significant updates, including a renovated kitchen and baths, new roof, windows, doors, one furnace, and electrical service. The 2011 improvements also added a family room and two bedrooms, further enhancing the home’s versatility and appeal. A rare opportunity to enjoy spacious living, thoughtful updates, and a desirable Westside location in Reading. Come discover all this wonderful home has to offer. Some photos, including exterior shots, have been digitally enhanced. First showings at Open Houses: Saturday, 10/3 and Sunday, 10/4, from 12:00–1:30 PM.

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 3,053 sq ft principal dwelling). Lot size: 10,001 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$1,250,000
Annual Taxes$11,492

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms9
Fireplaces1
FlooringWood, Tile, Carpet
BasementFull

Climate & Utilities

HeatingForced Air, Oil
CoolingOther
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningS15

Property & Lot

Acres0.23
SqFt Lot10,001
Lot FeaturesSloped

Amenities & Appliances

Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Range Hood

Neighborhood

Public Transportation • Tennis Court(s) • Park • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2
First
Living RoomDining RoomKitchenFamily Room
Living Room
Lvl First

12 x 23

Dining Room
Lvl First

12 x 11

Kitchen
Lvl First

20 x 14

Family Room
Lvl First

15 x 15

Primary Bedroom
Lvl Second

12 x 19

Bedroom 2
Lvl Second

13 x 13

Bedroom 3
Lvl Second

15 x 12

Bedroom 4
Lvl Second

15 x 11

Bathroom 1
Lvl Second

13 x 5

Bathroom 2
Lvl Second

12 x 5

Listing Provided By

Listing Agent: Kevin Mcdermott

Listing Office: RE/MAX Real Estate Center

MLS® Number: 73585139