35 Lakeside Blvd North Reading — Photo 1 of 42
$879,900
Investment Analysis — 35 Lakeside Blvd
North Reading, MA 01864 — Martin's Pond
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01864 carries an estimated $3,800/mo in gross rent — about a 3.26% cap rate and $28,650/yr in estimated NOI at the $879,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,000
Style
Single Family
Built
1900
Welcome to where vacation begins the minute you move in, and lasts a lifetime. One of the most magnificent settings you could imagine is where you will find this incredibly charming and welcoming waterfront colonial. Thoughtfully updated in all the right places, while at the same time maintaining the PRICELESS character of the perfect cottage retreat. From meandering brick walkway to the arched trellis beckoning you to the waters edge, you will appreciate the warmth that only such a home can provide. Inside, the substantial stone fireplace competes with the exceptional view from the multiple windows over looking the pond. The kitchen is stylish, timeless and stunning from every vantage point. Whether washing dishes as the sink, or sitting at the built-in banquet, be sure to take a moment to splendor in magnificent morning sunrises. Entertaining is a dream...whether inside or out. Inside, the family room opens to an incredible sunroom, only divided by a triple French slider, offering plenty of space for a large crowd. Be warned, guests may never leave while visiting on the new patio, or while congregating with a favorite beverage down at the dock Canoe, Kayak, water ski, or just take a ride in your own boat...it's all right outside your door. At days end, come up and enjoy this unique two level primary, with it's own balcony...sometimes you just want peace and quiet...this is the spot to call your own. If a unique setting is for you, then this could be the one. It's a primary home AND a vacation home all in one. You can't do better. Be sure to "paddle" on up to this one, and take a look.
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 2,000 sq ft principal dwelling). Lot size: 12,632 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Shopping • Park • Conservation Area • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 14
Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Exterior Access, Open Floorplan, Lighting - Overhead, Archway
Kitchen
Lvl First25.6 x 10
Flooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Slider, Stainless Steel Appliances, Window Seat
Office
Lvl First11 x 8.6
Flooring - Hardwood, Recessed Lighting, Archway
Family Room
Lvl First15.6 x 19
Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Window(s) - Bay/Bow/Box, French Doors, Recessed Lighting, Remodeled, Flooring - Engineered Hardwood
Primary Bedroom
Lvl Second21.6 x 13.6
Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet, Balcony - Exterior, French Doors, Recessed Lighting, Lighting - Overhead, Closet - Double
Bedroom 2
Lvl Second12 x 8
Bedroom 3
Lvl Second13.9 x 11.9
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Countertops - Stone/Granite/Solid, Lighting - Overhead, Flooring - Engineered Hardwood
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Remodeled, Washer Hookup, Lighting - Sconce, Lighting - Overhead, Flooring - Engineered Hardwood
Listing Agent: Rick Nazzaro
Listing Office: Colonial Manor Realty
MLS® Number: 73585106
