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243 Washington St, Reading MA 01867

Reading, MA 01867
$642,000
Est. $3,417/month
4
Beds
3
Baths
2,400
Sq Ft
$268
Price/Sq Ft
0.16
Acres
1935
Year Built
2 Family - 2 Units Up/Down
Type
14
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73163925

About this home

Discover the potential of this unique 2-family property with bonus “commercial” space, no longer in use but possible to reinstate through the ZBA. Buyer must perform their own due diligence since property is no longer zoned for commercial use. However, the bonus unit provides loads of other options in connection with the 2 family! Both apartments offer open floor plan, full bath, in-unit laundry with unit 1 featuring an additional room ideal for home office or additional bedroom. Plenty of storage in full basement with parking to accommodate up to 8 cars, plus updated systems. Located just minutes from downtown Reading, commuter rail station, major grocery stores, Starbucks, & all your favorite restaurants, plus seconds to RT 95 & 93. Contact us today to schedule a viewing & explore the possibilities this property holds. With its commuter friendly location & versatile features, it's an investment that promises both convenience & potential for growth.

Sale Statistics

Sale Overview
Original List Price: $675,000
Final Sale Price: $642,000
Difference: $33,000 (-4.9%)
Performance Metrics
95.1%
List to Sale Ratio
Sold below asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $281
Sale $/sq ft: $268
This property sold for $268 per square foot
Sale Summary

This property sold for 4.9% below the original asking price.

With only 14 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1935
Bedrooms
4
Full Bathrooms
2
Half Bathrooms
2
Living Area
2,400 sq ft
Total Rooms
11
Stories
2
Levels
2

Interior Features

Flooring
Wood, Tile, Hardwood, Stone/Ceramic Tile
Heating
Natural Gas
Has Heating
Yes
Cooling
Wall Unit(s), Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Disposal, Refrigerator, Washer, Water Treatment, Freezer, Dryer
Interior Features
Ceiling Fan(s), Bathroom With Tub & Shower, Open Floorplan, Kitchen, Laundry Room, Living RM/Dining RM Combo, Office/Den
Laundry Features
Gas Dryer Hookup
Basement Details
Full, Unfinished

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Concrete Perimeter, Block
Patio/Porch Features
Deck
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.16 acres
Lot Size
6,820 sq ft
Lot Size Area
0.1600
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
8
Parking Features
Paved Drive, Off Street, Tandem, Common, Paved

Utilities & Systems

Utilities Available
for Gas Range, for Gas Dryer
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service, Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,106
Tax Year
2023
Tax Assessed Value
$723,300
Parcel Number
M:017.000000098.0,4235438
Zoning
S15

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Commercial space has not been used in years. Buyer must apply for a special permit or variance to reinstate commercial use (buyer's responsibility). TAW (unit 1) Vacant (unit 2). Below market value rent on both units. Property sold as-is, delivered clear & vacant (unless new owner wants U1 tenant)
Exclusions
Washer And Dryer Will Remain In Both Units.
Listing Terms
Contract

Location

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Neighborhood

243 Washington St, Reading MA 01867

Reading, MA 01867

Walkability

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Schools

Elementary School
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Rating information coming soon
Middle School
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High School
Rmhs
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $759
Homeowners Insurance $200
PMI $0

Property History

Market Insights

4.9%
Price Range
18
Total Days on Market

Property Timeline

✓
Sold
Nov 8, 2023
$642,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Sep 27, 2023
$675,000
Original listing
Agent: Susan Gormady Group Office: Classified Realty Group

Price & Status History

Date Event Price Change
Sep 27, 2023 New Listing Added $675,000 —

Market Statistics

Days on Market
14 days
Price per Sq Ft
$268

Tax History

Year Taxes Assessment
2023 $9,106 $723,300

Financial Details

Annual Property Tax
$9,106
Tax Year 2023
Assessed Value
$723,300

Listing Information

Listing Agent Susan Gormady Group
Listing Office Classified Realty Group
Agent MLS ID TM337444
Office MLS ID AN1116

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