15 Alden Circle Reading — Photo 1 of 39
$1,399,000
Investment Analysis — 15 Alden Circle
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01867 carries an estimated $3,470/mo in gross rent — about a 1.34% cap rate and $18,799/yr in estimated NOI at the $1,399,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2.5
SqFt
3,640
Style
Single Family
Built
1959
Not your typical Cape. This beautifully expanded five-bedroom home combines timeless character, impressive living space, and a private setting in a convenient Reading location. Hardwood floors and custom millwork add warmth and architectural detail throughout, while a first-floor primary suite offers the comfort and flexibility buyers are looking for. The standout family room is filled with natural light and overlooks the private backyard, creating an inviting space to gather and unwind. The finished lower level offers additional versatile living space, including a comfortable den with fireplace, a dedicated laundry room, and a cedar closet for added storage. Outside, enjoy a spacious deck and patio surrounded by privacy, perfect for entertaining or relaxing through every season. Ideally located for commuters with convenient access to major routes, the commuter rail, shopping, dining, and all that Reading has to offer. With five bedrooms, flexible living spaces, beautiful details, and an exceptional location, this expanded Cape offers far more than meets the eye.
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 3,640 sq ft principal dwelling). Lot size: 21,300 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood
Family Room
Lvl FirstFlooring - Hardwood
Primary Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bedroom 4
Lvl SecondFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl FirstBathroom - Half
Bathroom 3
Lvl SecondBathroom - Full
Property History
$1,399,000
Sep 17, 2026
MLS® 73579231
$785,000
Jun 15, 2004
MLS® 70007675
$769,900
Mar 17, 2004
MLS® 70007675
Listing Agent: Linda Byers
Listing Office: DiPietro Group Real Estate
MLS® Number: 73579231
