Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Property Near Downtown Reading Title is generated by Realmo AI

    11 Linden Street, Reading, MA 01867

    View on Map
    Claim this Listing
    For Sale
    $1,149,000

    Mixed-use property near downtown Reading with development potential.

    Type:2 Family - 2 Units Up/Down
    Property size:
    5,210 SF
    Price / SF:
    $220/SF
    Added:
    Apr 14, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 20 at 6:22 pm

    Property Features for 11 Linden Street

    General Information

    Standard status
    Active
    Size
    5,210 SF
    Property subtype
    2 Family - 2 Units Up/Down

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Craig Celli

    Listing agent Craig Celli

    Listing office Century 21 North East

    Listing date Apr 14, 2026

    Source Lockandkeyre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Century 21 North East

    HighLights

    • Development opportunity in the Downtown Reading area.
    • Commercial and Mixed Use zoning.
    • Potential for multi‑family development.
    • 2nd floor apartment featuring 3 bedrooms, kitchen, full bath, and living room.
    • Elevator.
    • Garage.

    Overview

    This mixed-use property, currently operating as a classic funeral home, presents an opportunity for investors, owners, and developers. Located steps from downtown Reading, the property is also listed as a commercial listing. Zoned for commercial and mixed-use, it is situated in a bustling business area off Haven Street, near new developments and restaurants. Potential uses include multi-family housing, or professional offices for dentists, contractors, lawyers, or chiropractors, as well as studios or galleries. The property features a walk-up entry, an elevator, and an open floor plan. Additional amenities include a private office, kitchenette, dining room area, multiple bathrooms and kitchens, and a garage. A three-season sitting porch leads to a backyard. Central air conditioning is installed. The second floor includes a 3-bedroom apartment with a kitchen, full bath, and living room, which could also serve as office space for the main level. The building has a total size of 5210 square feet. Buyers are advised to conduct their own due diligence regarding zoning and development possibilities.
    Location Intelligence

    Current Use by Public Records

    Doherty - Barile Family ... Social Service Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1053091
    Latitude
    42.5234537

    Nearby Similar for Sale

    • $1,495,000
      7,041 SF

      Historic Building Suited for Redevelopment

      7,041 SF building suitable for special purpose or redevelopment.
      32 Lowell St, Reading, MA, MA 01867
      View Details
    • $1,495,000
      7,041 SF

      Historic Building in Reading, MA

      7,041 SF building suitable for special purpose or redevelopment.
      32 Lowell St, Reading, MA 01867
      View Details
    • Contact for pricing
      7,041 SF

      Historic Building in Downtown Reading

      7,041 SF historic building suitable for various uses.
      32 Lowell St, Reading, MA 01867
      View Details
    • $1,149,000

      Mixed-Use Building Near Downtown Reading

      Commercial and mixed-use building near downtown with apartment and garage.
      11 Linden Street, Reading, MA 01867
      View Details
    • Contact for pricing
      1,340 SF

      Reading Office Condo Near Transit

      Well-maintained office condo in downtown Reading near commuter rail.
      2 Haven Street Unit 203, Reading, MA 01867
      View Details
    • Contact for pricing
      927 SF

      Reading Office Condo Opportunity

      Office condo in Reading's retail and professional services district.
      2 Haven Street Suite 301, Reading, MA 01867
      View Details
    • $1,149,000
      5,210 SF

      Mixed-Use Building Near Downtown Reading

      Commercial and mixed-use building near downtown with development potential.
      11 Linden Street, Reading, MA, MA 01867
      View Details
    • Contact for pricing
      1,193 SF

      Multi-Tenant Office Property For Sale

      Multi-tenant office property in Reading, MA, featuring private office suites.
      248 Main Street, Reading, MA 01867
      View Details
    • Contact for pricing
      20,000 SF

      Reading Center Office Building Sale

      20,000 SF building in Reading Center, Massachusetts.
      580 Main Street , Reading, MA 01867
      View Details
    • $1,235,000
      5,210 SF

      Mixed-Use Building Near Downtown Reading

      Commercial and mixed-use building near downtown Reading with development potential.
      11 Linden Street, Reading, MA 01867
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property near downtown Reading with development potential.
    Where is this mixed-use property located?
    The property is located at 11 Linden Street Reading, MA.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: Development opportunity in the Downtown Reading area.; Commercial and Mixed Use zoning.; Potential for multi‑family development.
    (781) 820-9347
    We can help!
    Listing Contact
    Craig Celli
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11 Linden Street, Reading, MA 01867
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!