Victorian Two-Family
173 High Street Reading, MA 01867
173 High Street, Reading, MA, 01867
$1,050,000
For Sale
$1,050,000
Well-maintained two-family home with separate decks, shared fenced yard, off-street parking, and basement laundry plus storage.
Property Size2,296 SF
Price / SF$457.32
Days on Market44
Property Features for 173 High Street
General Information
- Standard status
- Active
- Size
- 2,296 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Harmony
Listed by
Team Ladner
(781) 878-2478
Source
Trufantre
Added: Jun 9 Updated: Jul 22 at 11:57AM Checked: Jul 22 at 11:57AM
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 RE/MAX Harmony
Investment Insights
Based on property information with market context.
A well-maintained Victorian two-family residence offering practical versatility with shared site amenities. Unit 1 includes three bedrooms and two bathrooms, a living room, an eat-in kitchen, and both a screened porch and deck. Unit 2 offers two bedrooms and two bathrooms, an open living room, an eat-in kitchen, a private deck, and a loft space.
Both units share a fully fenced backyard and off-street parking. The basement provides shared laundry facilities, a workshop area, and generous storage space for each unit.
Inside, the home features soaring ceilings, oversized windows, and classic architectural details that support a bright, distinctive living environment across both units.
Both units share a fully fenced backyard and off-street parking. The basement provides shared laundry facilities, a workshop area, and generous storage space for each unit.
Inside, the home features soaring ceilings, oversized windows, and classic architectural details that support a bright, distinctive living environment across both units.
Key Highlights
- Well‑maintained two‑family Victorian built in 1920
- Unit 1: 3 beds, 2 baths, living room, eat‑in kitchen, screened porch plus deck
- Unit 2: 2 beds, 2 baths, living room, eat‑in kitchen, private deck, plus loft space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.0k | $31.80 |
| − Vacancy | −$3.6k | −$1.57 |
| EGI | $69.4k | $30.23 |
| − OpEx | −$20.8k | −$9.07 |
| NOI | $48.6k | $21.16 |
2,296 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$694.1K
$607.3K – $809.7K
NOI $48,584 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$652.6K
$571.0K – $761.4K
NOI $45,683 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,146 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separate decks, shared fenced yard, off-street parking, and basement laundry plus storage.
Where is this duplex located?
The property is located at 173 High Street Reading, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Well‑maintained two‑family Victorian built in 1920; Unit 1: 3 beds, 2 baths, living room, eat‑in kitchen, screened porch plus deck; Unit 2: 2 beds, 2 baths, living room, eat‑in kitchen, private deck, plus loft space
