
47 Riverside Dr North Reading — Photo 1 of 17
Beds
6
Baths
4.5
SqFt
3,282
Style
Single Family
Built
1971
Exceptional opportunity for builders, developers, investors, or buyers looking to complete a substantial reconstruction in desirable North Reading. This property is currently under construction and being offered AS-IS, providing the next owner an opportunity to complete and customize an impressive Modern Farmhouse-style residence. Current plans feature approximately 3,282 SF of above-grade living area, plus approximately 1,000 SF of planned lower-level/basement space upon completion. The proposed layout features 6 bedrooms and 4.5 baths, including two primary en-suites, with a flexible floor plan designed for comfortable living. Plans also include an attached 2-car garage. A newly installed septic system is already in place. Situated on approximately 0.56 acres with scenic sloping landscape and views of the Ipswich River, the property offers tremendous potential in a desirable setting. Significant construction has already been undertaken, allowing the next owner to continue the project and select the remaining finishes. Convenient to shopping, major routes and area amenities. Property is an active construction site and is being sold AS-IS in its current condition. Buyer and buyer's agent to perform all due diligence regarding plans, permits, room configuration, measurements, construction status and completion requirements.
Market Value Analysis
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within North Reading, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater
Neighborhood
Shopping • Highway Access
Geography
Property History
$799,999
Sep 18, 2026
MLS® 73579788
$641,000
Apr 23, 2025
MLS® 73360646
$595,000
Apr 16, 2025
MLS® 73360646
Population
15,765
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$148K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
15.7%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
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 3,282 sq ft principal dwelling). Lot size: 24,250 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.
Listing Agent: Dominion Okeke
Listing Office: Chinatti Realty Group, Inc.
MLS® Number: 73579788
Browse More Homes in North Reading
Explore other active listings in the area.
$680,00022 Hillview RdNorth Reading, MA3 bd2 ba1,636 sqft
$799,900102 Park StreetNorth Reading, MA2 bd3 ba1,582 sqft
$949,00019 Fieldcrest TerNorth Reading, MA3 bd3 ba2,834 sqft
$950,000114 Haverhill StNorth Reading, MA5 bd4 ba2,925 sqft
$765,000287 Haverhill StNorth Reading, MA3 bd2 ba1,520 sqft
$950,000114 Haverhill StNorth Reading, MA5 bd4 ba2,925 sqft

