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124 Prescott St Reading — Photo 1 of 42

124 Prescott St Reading — Photo 1 of 42

$1,100,000

Investment Analysis — 124 Prescott St

Reading, MA 01867 — West Side in the Joshua Eaton District*

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 1.82% cap rate and $19,971/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

2,322

Style

Single Family

Built

1898

Welcome to this unique and stately Center Entrance Colonial! Built at the turn of the century, many of its original features have been lovingly preserved. Step on to the wide and welcoming front porch and into the spacious entry foyer. You will find hard wood flooring, many built-ins, window seats, wainscoting, and hidden nooks characteristic of that time period. It offers a classic floor plan with spacious rooms, two fireplaces, many windows, and a large eat-in kitchen. The rear screened-in porch, provides a private connection to the outdoors. The second floor "Study" has a fireplace and offers versatile use, including the possibility of a fifth bedroom. The generous lot is just the right size, complete with a garage, plenty of off street parking and the rare enhancement of a copper beech tree. Other features and improvements are: a five year old gas fired state of the art heating system, and hot water tank, a 7 year old roof, gas cooking, a whole house fan, a walk-up attic for possible future expansion, a third full bathroom in the basement laundry room, a water filtration system, a newer refrigerator and a new washer and dryer. Situated on a corner lot in the highly desirable West Side, this fine home is 0.5 miles to the Reading commuter rail station and 0.4 miles to the Joshua Eaton and Parker Middle Schools.

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 2,322 sq ft principal dwelling). Lot size: 11,452 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$11,675

Parking

Garage1
Off-Street6

Interior Specifications

Total Rooms8
Fireplaces2
FlooringWood, Tile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Wood
BasementFull, Partially Finished, Bulkhead, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas, Fireplace
CoolingWindow Unit(s), Whole House Fan
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningS15

Property & Lot

Acres0.26
SqFt Lot11,452
Lot FeaturesCorner Lot, Level

Amenities & Appliances

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

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • House of Worship

Geography

Floorplan Breakdown

Structural Layout

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

21.583333333 x 16.5

Flooring - Hardwood, Crown Molding, Window Seat

Dining Room
Lvl First

13.5 x 11.833333333

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Wainscoting, Crown Molding, Decorative Molding

Kitchen
Lvl First

19.083333333 x 10.416666666

Flooring - Hardwood, Open Floorplan, Recessed Lighting, Gas Stove, Crown Molding

Primary Bedroom
Lvl Second

15 x 12

Bathroom - 3/4, Ceiling Fan(s), Closet, Flooring - Wood

Bedroom 2
Lvl Second

13.333333333 x 11.333333333

Bedroom 3
Lvl Second

14.25 x 12

Ceiling Fan(s), Closet, Flooring - Wood

Bedroom 4
Lvl Second

12.25 x 11.083333333

Closet, Flooring - Wood

Bathroom 1
Lvl First

Bathroom - Half

Bathroom 2
Lvl Second

Bathroom - 3/4

Bathroom 3
Lvl Second

Bathroom - Full

Listing Provided By

Listing Agent: The Beaton Team

Listing Office: Leading Edge Real Estate

MLS® Number: 73584842