
8 Patley Rd North Reading — Photo 1 of 31
$825,000
Investment Analysis — 8 Patley Rd
North Reading, MA 01864
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 3.03% cap rate and $24,986/yr in estimated NOI at the $825,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,185
Style
Single Family
Built
1958
Beautifully maintained and thoughtfully updated, 8 Patley Road offers an inviting floor plan, comfortable living spaces, and a convenient North Reading location. The main level welcomes you with a bright living room featuring cathedral ceilings, exposed beams, a fireplace, and gleaming hardwood floors that continue throughout both levels. The designated dining area opens seamlessly to the kitchen, complete with ample cabinetry and storage and a peninsula island. Upstairs, 3 well proportioned bedrooms share a full bath with a tub, vanity, and built in storage. The lower level offers even more living space including a dedicated bonus room ideal for a home office, as well as a second finished playroom that opens directly to the screened in porch. A ¾ bath with a new washer and dryer, ample basement storage, and an additional refrigerator add convenience to the lower level. The screened in porch provides the perfect setting for entertaining or relaxing in the warmer months. Additional highlights include a one car garage, EV charger, ample yard, & a septic system installed in 2018, along with numerous updates throughout the home. Conveniently located for commuters with easy access to Boston and surrounding areas, this North Reading home offers the space, flexibility, and location to make everyday living easy.
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 2,185 sq ft principal dwelling). Lot size: 30,056 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 • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCathedral Ceiling(s), Flooring - Hardwood
Dining Room
Lvl FirstCathedral Ceiling(s), Flooring - Hardwood
Kitchen
Lvl FirstCathedral Ceiling(s), Flooring - Hardwood, Countertops - Stone/Granite/Solid, Peninsula
Office
Lvl BasementFlooring - Stone/Ceramic Tile
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Tub, Flooring - Stone/Ceramic Tile, Recessed Lighting, Lighting - Pendant
Bathroom 2
Lvl BasementBathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Washer Hookup
Listing Agent: Cormier Collective Team
Listing Office: Serhant
MLS® Number: 73585188








