Overview Property Details Payment Calculator Walkability

Active

16 Shirley Ave, North Reading MA 01864

$749,000

Estimated $1,939.08/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $374,500

Total Rent: 21600/year

Estimated CAP Rate: 1.72%

5 Bedrooms

2 Full, 1 Half Baths

2,700 SqFt

Total Parking: 7 (1 Garage)

20,909 SqFt

Rare opportunity to own two separate dwellings on a single parcel situated between Rt 62 and Rt 28 in North Reading. This unique property offers flexibility for multi-generational living, investment, or potential rental income. The main home, known as 16 Shirley, features a ...

This home has been viewed 22 times

Last Checked: June 4th, 2025 at 10:18am (Source: MLS PIN #73357306)

Gross Income: $21,600

Gross Expenses: $8,695

Net Income Calc: $12,905

CAP Rate: 1.72%

Annual Expenses for 16 Shirley Ave, North Reading MA 01864

Total Gross Expenses (Calculated)$8,695/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,695

Annual Income & Unit Breakdown for 16 Shirley Ave, North Reading MA 01864

Total Gross Income (Calculated)$21,600

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$1,800

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 16 Shirley Ave, North Reading MA 01864

Listing ID73357306

Property TypeMulti Family

Price$749,000 ($277.41/SqFt)

StyleMulti Family

CityNorth Reading

CountyMiddlesex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total2,700 SqFt

Approximate Lot Size (Acres)0.48 acres

Total Parking7 (1 Garage)

Garage Parking1 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter,Block

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 16 Shirley Ave, North Reading MA 01864

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureApprox.

Building Area SourceOther

Title 5Buyer's Responsibility

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$21,600

Total Net Income By Broker$21,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 16 Shirley Ave, North Reading MA 01864

Real Estate Taxes$8,695

Tax Year2025

Assessed Value$665,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$21,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$21,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.72%

Location Information for 16 Shirley Ave, North Reading MA 01864

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area Amenities

Contact Information for 16 Shirley Ave, North Reading MA 01864

Agent

Name: Vision Realty Group

MLS ID: TM315454

Office ID: AN5290

Office

Name: LAER Realty Partners

MLS Office ID: AN5290

Phone: 844-687-5237

Team Members

Name: Jonathan Evans

MLS ID: CN238619

Office ID: AN5290

National Association ID: 451504606

Phone: 617-800-9111

City: Lynnfield

State: MA

Name: Al Sciola

MLS ID: CT005312

Office ID: AN5290

National Association ID: 448554365

Phone: 617-721-0013

City: Stoneham

State: MA

Payment Calculator

$5,339.68 per month

30 Years Fixed, 6.75% Interest

Property Taxes $724.58

Principal & Interest $4,615.10

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Vision Realty Group

Agent Phone

Office Phone

(844) 687-5237

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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        )

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EXIT

Active

16 Shirley Ave, North Reading MA 01864

$749,000

Annual Expenses for 16 Shirley Ave, North Reading MA 01864

Annual Income & Unit Breakdown for 16 Shirley Ave, North Reading MA 01864

General Information for 16 Shirley Ave, North Reading MA 01864

Disclosures for 16 Shirley Ave, North Reading MA 01864

Financial Information for 16 Shirley Ave, North Reading MA 01864

Location Information for 16 Shirley Ave, North Reading MA 01864

Contact Information for 16 Shirley Ave, North Reading MA 01864

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

LAER Realty Partners

Vision Realty Group