230 Martins Landing #111 North Reading — Photo 1 of 36
$449,900
Investment Analysis — 230 Martins Landing #111
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 2.94% cap rate and $13,218/yr in estimated NOI at the $449,900 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
1,030
Style
Condominium
Built
2018
Welcome to Martins Landing, a premier 55+ community in North Reading! This beautifully maintained first-floor 1-bedroom, 1-bathroom residence offers comfortable, easy living with an open and inviting floor plan. The spacious kitchen features granite countertops, stainless steel appliances, and an open layout that makes entertaining a breeze. The kitchen flows seamlessly into the living room, where sliders lead to a private patio overlooking the beautifully landscaped grounds and gazebo—an ideal spot to enjoy your morning coffee. The spacious bedroom features large windows and a walk-in closet. A versatile flex space provides the perfect setting for a den, reading area, or home office. The generously sized bathroom offers a convenient walk-in shower and room for additional storage shelving. An in-unit laundry room adds to the everyday convenience. A garage parking space is included with the unit plus an additional parking space in the parking lot. Martins Landing offers an exceptional lifestyle with an inviting clubhouse, fitness center, meeting rooms, outdoor grilling areas, social activities, and more. Conveniently located near Route 93, shopping, restaurants, and everyday amenities. Enjoy maintenance-free living in a welcoming 55+ community with everything you need right at your fingertips!
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Conservation Area • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 14
Flooring - Wood, Slider
Dining Room
Lvl First5 x 14
Flooring - Wood
Kitchen
Lvl First12 x 14
Flooring - Wood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Office
Lvl First10 x 13
Flooring - Wood, French Doors, Lighting - Overhead
Master Bedroom
Lvl First13 x 17
Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First8 x 11
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Team Metrowest
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73575327