
38 Fairmount Road Reading — Photo 1 of 35
$1,125,000
Investment Analysis — 38 Fairmount Road
Reading, MA 01867
Based on HUD Small Area Fair Market Rent, a 4-bedroom in 01867 carries an estimated $7,900/mo in gross rent — about a 5.68% cap rate and $63,844/yr in estimated NOI at the $1,125,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,908
Style
Single Family
Built
1941
Welcome home to a place that feels like an escape from the moment you arrive. Set on a large, private, wooded lot, this beautifully updated 4-bedroom home offers the peace and privacy you’ve been looking for, while keeping you just minutes from everything you love about Reading. Brand-new siding and windows give the home a fresh, polished feel and make moving in truly effortless. Inside, the open-concept main level is designed for real life—morning coffee in the renovated kitchen, dinners together in the dedicated dining area, and cozy nights relaxing in the spacious living room. A flexible bonus space gives you the perfect spot for a playroom, home office, or quiet sitting area. Upstairs, four comfortable bedrooms provide plenty of room to settle in and grow, along with a beautifully updated full bath. But you may find yourself spending the most time out back. Enjoy summer dinners on the deck, slow mornings on the screened porch, and peaceful evenings surrounded by trees in your own private backyard retreat. With a 2-car garage, additional storage, and easy access to the commuter rail, Routes 28, 93 and 95, shops, restaurants, and ice cream runs to Cal’s, this is the kind of home that makes everyday life feel a little easier—and a lot more enjoyable.
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 1,908 sq ft principal dwelling). Lot size: 14,266 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood, Window(s) - Picture
Kitchen
Lvl FirstFlooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting
Primary Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl Main,FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$1,125,000
Sep 30, 2026
MLS® 73584263
$1,025,000
Jun 23, 2025
MLS® 73392856
$899,900
Jun 18, 2025
MLS® 73392856
Listing Agent: The Kennedy Team
Listing Office: Classified Realty Group
MLS® Number: 73584263








