OFF MARKET

Off market dec 2023 for $1.3M

$1,547,207

•

3,240

sq ft

38-40 Pleasant St, Reading, MA 01867

About this home

INVESTORS! Don’t miss your chance to own this RARE 4-Family in downtown Reading center. Nothing to do but collect rent from the established tenants and build equity for your future. Condo conversion also an option. All 4 tenants are Tenants At Will. The property has two 1BR units and two 2BR units. Both units of the #40 side are CERTIFIED DELEADED. Lots of basement storage on both sides, as well as 2 parking spaces. Each unit has separate utilities. Renovations by prior owner include windows (2015), roof (2014), gas furnace (2012). Recent updates to 3 units include updated electrical, new stove, new vent hood, new toilet, gutter extensions and masonry repair. Perfectly located within walking distance to everything downtown Reading has to offer, including Commuter Rail, Senior Center, shops, banks, schools, medical, dental, pharmacy and restaurants. Group showing Monday, November 6th from 4:00-6:00 PM.

Multi-familyProperty Type

1900Year Built

3,244 sq ftLot Size

$478Est. Price/Sq.Ft.

2 spacesParking

Listed by Jennifer Hardin • True North Realty

Bought with Steven Gould • Century 21 Tradition

Redfin checked: a minute ago

•Source:MLS PIN #73175620

Redfin Estimate

$1,547,207

$247K since sold in December 2023$21K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 38.3% higher than the average sale price ($1.12M) of 6 comparable homes.

SOLD JUL 16, 2026
$1,130,500
A
4 beds2.5 baths1,964 sq ft
443 Summer Ave, Reading, MA 01867
SOLD MAY 7, 2026
$1,430,000
B
4 beds2.5 baths2,542 sq ft
100 Prescott St, Reading, MA 01867
SOLD SEP 30, 2026
$1,250,000
C
5 beds3 baths2,367 sq ft
70 Park Ave, Stoneham, MA 02180
SOLD JUN 2, 2026
$1,150,000
D
6 beds4 baths3,232 sq ft
313 South St, Reading, MA 01867
SOLD FEB 10, 2026
$950,000
E
5 beds3.5 baths3,100 sq ft
97 Oak St, Stoneham, MA 02180
SOLD SEP 1, 2026
$803,250
F
5 beds3 baths2,669 sq ft
33 High St, Stoneham, MA 02180

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 01867, MA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

102.7%

1.3% MoM

Median sale price

$956K

$281 MoM

Avg. days on market

20d

0 days MoM

Recently sold homes

22 MoM

New listings for sale

$759,000
3 beds1 bath1,193 sq ft
156 Walnut St, Reading, MA 01867
$879,000
5 beds2.5 baths2,960 sq ft
45 Longview Rd, Reading, MA 01867
$799,000
2 beds1.5 baths1,603 sq ft
400 Main St, Reading, MA 01867
$414,900
2 beds2 baths1,076 sq ft
1 Summit Dr #57, Reading, MA 01867
See all

Provided by Redfin

Sale history for 38-40 Pleasant St

Date

Event

Price

MLS PIN #73175620

Dec 14, 2023

Sold

$1,300,000

$401/sq ft

Nov 10, 2023

Contingent

—

Nov 1, 2023

Listed

$1,399,900

$432/sq ft

MLS PIN #72941217

Apr 15, 2022

Sold

$1,090,000

$336/sq ft

Feb 11, 2022

Contingent

—

Feb 9, 2022

Listed

$979,000

$302/sq ft

+30

INVESTORS! RARE OPPORTUNITY! OWNER OCCUPANTS: FULLY RENTED~4 UNIT, MULTI-FAMILY! PRIME LOCATION by VIBRANT DOWNTOWN READING w SHOPS, RESTAURANTS, "MBTA" COMMUTER RAIL STATION! UNIT 38-1: (RENOS 2018) 1 BEDRM, LV RM, LG EAT-IN KIT, LGE W/I CLOSET, FULL BATH. UNIT 38-2: (RENO 2021)TOWNHOUSE STYLE~LV RM, EAT-IN KIT, OFFICE, 2 BEDRMS, BONUS RM, BATH & LGE W/I CLOSET. UNIT 40-1 (RENOS 2018) & UNIT 40-2 (RENOS 2019)" are ALMOST IDENTICAL as UNITS on 38 SIDE. W/D Hook-Ups. GAS HEAT! ENG WD FLOOR & TILE! BASEMENT STORAGE! 2 Park Spaces, Windows 2015~Roof 2014~GAS Furn 10 Yrs~ SEPARATE UTILITIES ***UNITS: 38/1 TAW $1000(for 5 YRS)**40/1 $1400 (3YRS)**38/2 LEASED THRU 4/14/22 $2100**40/2 LEASED THRU 5/14/22 $2100. MAINTAIN COVID GUIDELINES ~ MASKS /BOOTIES REQ "4 SEPARATE SHOWING TIMES": SAT 2/12 (11:30-1)SUN 2/13(12-1:30)SAT 2/19(11:30-1) SUN 2/20(12-1:30) OFFERS DUE 2/21/22- OFFERS GOOD THRU 2/23~ Sellers reserve the right to accept an offer prior to 2/23. (48hr Notice 2nd Showing)

MLS PIN #70306838

Mar 24, 2006

Sold

$570,000

$176/sq ft

Feb 13, 2006

Listing Removed

—

Dec 23, 2005

Listed

$599,900

$185/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$13,927 (+16.1%)

$394,100 + $828,600

$1,222,700

2024

$11,994 (−3.2%)

$370,500 + $652,900

$1,023,400

2023

$12,396 (+28.2%)

$338,200 + $646,400

$984,600

2022

$9,668 (+5.2%)

$294,100 + $431,200

$725,300

2021

$9,193 (+4.0%)

$269,400 + $396,300

$665,700

2020

$8,837 (+2.8%)

$256,400 + $377,100

$633,500

2019

$8,593 (+9.8%)

$244,400 + $359,500

$603,900

2018

$7,827 (+3.9%)

$228,400 + $335,900

$564,300

2017

$7,533 (+3.9%)

$217,300 + $319,600

$536,900

2016

$7,253 (+3.5%)

$205,300 + $294,900

$500,200

2015

$7,005 (+4.7%)

$195,600 + $280,900

$476,500

2014

$6,688 (−9.6%)

$186,200 + $267,500

$453,700

2013

$7,395 (+5.6%)

$244,400 + $250,600

$495,000

2012

$7,004 (+2.5%)

$244,400 + $250,600

$495,000

2011

$6,831

$244,400 + $250,600

$495,000

2010

$6,831 (−0.4%)

$244,400 + $250,600

$495,000

2009

$6,856

$200,400 + $318,600

$519,000

Tax history for 38-40 Pleasant St

Year

Property tax

Land + Additions

Assessment*

2025

$13,927 (+16.1%)

$394,100 + $828,600

$1,222,700

2024

$11,994 (−3.2%)

$370,500 + $652,900

$1,023,400

2023

$12,396 (+28.2%)

$338,200 + $646,400

$984,600

2022

$9,668 (+5.2%)

$294,100 + $431,200

$725,300

2021

$9,193 (+4.0%)

$269,400 + $396,300

$665,700

2020

$8,837 (+2.8%)

$256,400 + $377,100

$633,500

2019

$8,593 (+9.8%)

$244,400 + $359,500

$603,900

2018

$7,827 (+3.9%)

$228,400 + $335,900

$564,300

2017

$7,533 (+3.9%)

$217,300 + $319,600

$536,900

2016

$7,253 (+3.5%)

$205,300 + $294,900

$500,200

2015

$7,005 (+4.7%)

$195,600 + $280,900

$476,500

2014

$6,688 (−9.6%)

$186,200 + $267,500

$453,700

2013

$7,395 (+5.6%)

$244,400 + $250,600

$495,000

2012

$7,004 (+2.5%)

$244,400 + $250,600

$495,000

2011

$6,831

$244,400 + $250,600

$495,000

2010

$6,831 (−0.4%)

$244,400 + $250,600

$495,000

2009

$6,856

$200,400 + $318,600

$519,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,244

Year renovated

1975

Sq. Ft.

3,240

Year built

1900

Style

Multi-Family (2-4 Unit)

County

Middlesex County

APN

733915

Parking Spaces

Basement

Yes

Accessible

HOA Dues

—

Garage

Features

—

Last updated by owner on May 27, 2026.

Property details

Parking

Parking Information
Has Open Parking
Parking Spaces: 2
Parking Features: Off Street

Interior

Bathroom Information
# of Bathrooms (Full): 4

Basement Information
Basement: Full, Unfinished

Laundry Information
Laundry Features: Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup

Interior Features
# of Rooms (Total): 18
Flooring: Wood, Stone/Ceramic Tile, Carpet
Interior Features: Walk-In Closet(s), Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #2 Information
# of Levels: 2
# of Floors: 2
Lease: N

Unit #3 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #4 Information
# of Levels: 2
# of Floors: 2
Lease: N

Exterior

Building Information
Building Area (Total): 3,240
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 6
Year Built Source: Public Records
Year Built Details: Approximate
Color: White
Lead Paint: Certified Treated

Exterior Features
Roof: Shingle
Patio And Porch Features: Porch
Exterior Features: Rain Gutters

Property Information
PropertySubType: 4 Family

Lot Information
Lot Size (Acres): 0.07
Lot Features: Level
Road Surface Type: Paved
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $12,396
Tax Year: 2023

Utilities

Utility Information
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers

Heating & Cooling
Has Heating
Heating: Central, Baseboard, Natural Gas, Unit Control, Hot Water

Location

Location Information
Directions: Main to Pleasant
UnparsedAddress: 38-40 Pleasant St, Reading MA 01867

Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station

Public facts

Beds: 6
Baths: 4.0
Sq. Ft.: 3,240
Stories: 3.0
Parking Spaces: 2
Basement: Yes
Accessible: No
Lot Size: 3,244 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 1975
County: Middlesex County
APN: 733915
HOA Dues: —
Garage: No
Features: —

Home facts updated by owner on May 27, 2026

Other

Listing Information
Exclusions: Tenants' Personal Property.
StandardStatus: Closed

Around this home

Schools

J. Warren Killam Elementary School

Public K-5 • Assigned • 1.3mi

8/10

Walter S Parker Middle School

Public 6-8 • Assigned • 0.7mi

7/10

Reading Memorial High School

Public 9-12 • Assigned • 0.8mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 98° expected this year, 15 days in 30 years

6/10 Wind Factor

56% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Reading, MA • 01867

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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Ample parking • $539 HOA • 2 parking spots

Home values near 38-40 Pleasant St

Data from public records.

Address	Redfin Estimate
76 Pleasant St, Reading, MA 4 Beds \| 2 Baths \| - Sq. Ft.	$897,814
46 Pleasant St, Reading, MA 5 Beds \| 3 Baths \| 2826 Sq. Ft.	$1,085,185

Address	Redfin Estimate
64 Pleasant St, Reading, MA 5 Beds \| 3 Baths \| 2480 Sq. Ft.	$1,004,840
75 Pleasant St Apartment A, Reading, MA 4 Beds \| 2.5 Baths \| 2075 Sq. Ft.	$1,438,477

Address	Redfin Estimate
50 Pleasant St, Reading, MA 5 Beds \| 2 Baths \| 2550 Sq. Ft.	—
75 Pleasant St, Reading, MA 6 Beds \| 8 Baths \| 6907 Sq. Ft.	$1,354,554

Property information provided by MLS PIN when last listed in 2023. This data may not show owner updates. Learn more.

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About this home

Redfin Estimate

Market trends in 01867, MA

Sale history for 38-40 Pleasant St

Tax history for 38-40 Pleasant St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 01867

Home values near 38-40 Pleasant St

More real estate resources