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    Property profile & analytics

    243 Washington St Reading, MA 01867-3251

    • Investment properties
    • 2,345 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $680,000
    Last Sale
    Nov 08, 2023
    $642,000
    Location Intelligence
    Property ID
    US38-0433596
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 243 Washington St

    Year built
    1935
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    2,345 SF
    Zone code
    S15
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    READ M:017.0-0000-0098.0
    APU
    READM0170000000980

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $720,000
      6.5%
      $745,000
      7%
      $750,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $735,000
      Geo Method
      $585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $745,000
      Retail
      $735,000
      Mixed-Use
      $740,000
      Hospitality
      $680,000
      Educational
      $635,000
      Residential Income
      $805,000
      Energy
      $680,000
      Income-Based Land
      $625,000
      Food Service
      $680,000

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0976
    Latitude
    42.5212
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2017
    $6,922
    $381,500
    $405,900
    $787,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $430,000
      2,329 SF

      301 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,329 SF
      301 Main St, Reading, MA 01867-3616
      View Details
    • Value Estimation
      $590,000
      1,914 SF

      271 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,914 SF
      271 Main St, Reading, MA 01867-3603
      View Details
    • Value Estimation by Request
      84,805 SF

      26 Hvn St

      OFFICE/RESIDENTIAL (MIXED USE) • 84,805 SF
      26 Hvn St, Reading, MA 01867-2929
      View Details
    • Value Estimation by Request
      9,614 SF

      601 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,614 SF
      601 Main St, Reading, MA 01867-3002
      View Details
    • Value Estimation by Request
      4,681 SF

      143 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,681 SF
      143 Main St, Reading, MA 01867-3922
      View Details
    • Value Estimation by Request
      4,240 SF

      16 Gould St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,240 SF
      16 Gould St, Reading, MA 01867-2927
      View Details

    Similar Nearby for Sale

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      Residential Land with Future Potential

      Land with future potential located in Reading, Massachusetts.
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      Charming colonial building with approved variance for medical or wellness.
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    Similar Nearby for Lease

    • $2,800 /Mo

      Versatile Space in Reading Center

      2164+SqFt space in Reading's vibrant town center available for lease.
      11 Sanborn 1, Reading, MA 01867
      View Details
    • Contact for pricing

      Office Building in Reading

      Office building for rent, located off I-95 in Reading.
      55 Walkers Brook Dr, Reading, MA 01867
      View Details
    • $5,500 /Mo

      Versatile Space in Reading Town

      Adaptable space in a vibrant downtown location, suitable for various businesses.
      11 Sanborn 1&2, Reading, MA 01867
      View Details
    • $2,500 /Mo

      Reading Office Space For Rent

      Second floor office space with private offices and kitchenette.
      580 Main St, Reading, MA 01867
      View Details
    • $1,100 /Mo

      Office Space Near Tewksbury Center

      Modern office space with high visibility and convenient highway access.
      725 Main St, Tewksbury, MA 01867
      View Details
    • $825 /Mo

      Downtown Office Suite For Rent

      Second floor office suite in downtown location. Ideal for professionals.
      34 Gould St, Reading, MA 01867
      View Details
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    243 Washington St
    Reading, MA 01867-3251
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    Realmo Value Estimation

    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.

    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.

    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
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