For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Reading 01867
259-267 Main Street
$2,000,000
● Land - Off Market

259-267 Main Street

Reading, MA 01867
bedrooms
Studio
bathrooms
0 Bath
$3,745,783
RealtyHop Estimate
27.89%
Since Dec 1, 2020
MA-Boston
Primary Model

About This Property

You've been waiting so long  for the last parcel on Main Street to come to market & now is your opportunity to develop it.  Zoned A-40, this parcel is the combination of 259 Main & 267 Main.  See attached land survey and photos online.  Showings by appointment only.  Cross Listed as COML MLS 72318592
Unit Size
-
Days on Market
-
Land Size
4.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$910
HOA Dues
-
Year Built
1925

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72318588)

Price History

Date / Event Date Event Price
Nov 4, 2020 Sold
Premium
Sold
May 1, 2018 Listed by Premier Realty Group, Inc. $2,929,000
Listed by Premier Realty Group, Inc.
Oct 16, 1981 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 5
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 676
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,850
  • Total Building Area: 1,183
  • Gross Building Area: 2,172
  • Building Area: 1,183
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,183
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000341
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Reading School District
  • School Tax School District: READING SD
  • Census Tract: 334400

Zoning

  • Zoning: S15

Geography

  • Account Number: 270000000
  • Parcel: READ M:012.0-0000-0039.0
  • Municipality: READING
  • Latitude: 42.5141
  • Longitude: -71.1034

    Address

  • Full Address: 259 Main St
  • Address - House Number: 259
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Reading
  • Carrier Code: C014
  • 4-Digit Zip Code: 3603
  • Zip Code: 01867

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $410,427

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $305,400
  • Assessed Land Value: $270,600
  • Assessed Improvements Value: $34,800

    Sales

  • Current Sale Contract Date: Oct 13, 2020
  • Current Sale Recording Date: Nov 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 204807
  • Previous Sale Recording Date: Oct 16, 1981
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Reading

Stats & Trends

Median Asking:

$865,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2135 ft²

Average Home Age

57.1 years

Currently For Sale

35 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72318588

Frequently Asked Questions

When was property at 259 Main Street built and last sold?
The property at 259 Main Street was built in 1925 and last sold on Oct 13, 2020 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 259 Main Street is $2,958,290.
What are some comparable homes to 259 Main Street?
There are currently no comparable homes to 259 Main Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Reading Homes for Sale
Reading Houses for Sale
Reading Condos for Sale
Reading Multifamily for Sale
Reading Land for Sale
Reading Commercial for Sale
Reading Homes with Basements
Reading Homes with Pools
Nearby Cities
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Winchester Homes for Sale
Stoneham Homes for Sale
Wilmington Homes for Sale
Burlington Homes for Sale
Nearby Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Melrose East Side Real Estate
North Medford Real Estate
Shakerhill Real Estate
North Burlington Real Estate
Burlington Town Center Real Estate
Melrose Highlands Real Estate
Nearby Counties
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Winchester Homes for Sale
Stoneham Homes for Sale
Wilmington Homes for Sale
Burlington Homes for Sale
Top Real Estate Agents
Top Agents in Reading
Top Agents in Woburn
Top Agents in Woburn
Top Agents in 01801
Top Agents in 02176
Top Agents in Melrose
Top Agents in Melrose
Top Agents in 01880