
240 Martins Landing #102 North Reading — Photo 1 of 26
$449,000
Investment Analysis — 240 Martins Landing #102
North Reading, MA 01864
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01864 carries an estimated $2,670/mo in gross rent — about a 3.20% cap rate and $14,385/yr in estimated NOI at the $449,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
955
Style
Condominium
Built
2020
OH 9/6 Sun10:30-12:30..... View this beautifully maintained, 2020 built first-floor walkout one-bedroom plus den condo that offers easy, single-level living. Step inside to a bright, inviting open-concept floor plan enhanced by 9-foot ceilings, recessed lighting and beautiful white oak hardwood flooring. The stylish white kitchen is the heart of the home, featuring granite countertops, soft-close cabinetry, a tiled backsplash, deep undermount sink, stainless steel appliances and a generous center island—perfect for casual dining and entertaining. The kitchen flows seamlessly into the dining area and sun-filled living room, where extra-wide sliding glass doors bring in abundant natural light and open to a covered outdoor balcony/patio—an ideal spot to enjoy your morning coffee or unwind at the end of the day. The spacious primary bedroom features wall-to-wall carpeting and a walk-in closet. Just steps away is a generously sized bathroom with stone tile flooring and a walk-in shower. Need a little extra space? The versatile den is nearly the size of the bedroom and is set behind elegant French doors, making it perfect for a home office, guest space, TV room, hobby room or cozy second living area. A separate laundry room across the hall provides additional space for household storage. Martins Landing offers beautifully landscaped and professionally maintained grounds, walking and jogging trails, a gazebo and a welcoming clubhouse featuring a reservable clubroom with game tables and lounge areas, plus an exercise room. Outside the clubhouse you can sit outside on their patio full of tables and chairs...even use the 2 grills for a barbecue! Residents can also enjoy organized social activities throughout the year. The building is smoke-free and pet-friendly, with common parking and ample guest parking conveniently available near this unit. All of this is set in a highly convenient North Reading location with easy access to shopping, restaurants, golf courses, medical facilities, parks, ponds and more. Enjoy the comfort of low-maintenance living, flexible space and a vibrant community setting. Come experience all that Unit 102 at Martins Landing has to offer!
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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Slider
Kitchen
Lvl FirstCloset, Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Master Bedroom
Lvl FirstWalk-In Closet(s), Flooring - Wall to Wall Carpet
Listing Agent: Mirella E. Mcdonough
Listing Office: Real Broker MA, LLC
MLS® Number: 73571446
