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33 Days on market
240 Martins Landing #102 North Reading — Photo 1 of 26

240 Martins Landing #102 North Reading — Photo 1 of 26

Recent Drop: $14,000

$449,000
$435,000

$435,000

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 3.31% cap rate and $14,385/yr in estimated NOI at the $435,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

955

Style

Condominium

Built

2020

View this beautifully maintained Martins Landing premier 55+ community first-floor one-bedroom plus den condo. 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 w/ seating perfect for casual dining and entertaining. The sun-filled living room has access to a covered balcony, an ideal spot to enjoy your morning coffee or unwind anytime 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'll find a patio full of tables and chairs with 2 outdoor grills. Residents enjoy organized social activities throughout the year. The building is smoke-free and pet-friendly. A few doors down from the unit is where the trash shoot is located so you don't have to leave trash in your 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 what 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

Original Price$449,000
Annual Taxes$5,393
HOA Fee$381

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
FireplacesNone
FlooringCarpet, Hardwood, Stone / Slate, Flooring - Hardwood
BasementN

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
Zoningres

Property & Lot

Acres--
SqFt Lot--
Lot Features--

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

First
Living RoomKitchenPrimary Bedroom
Living Room
Lvl First

Flooring - Hardwood, Slider

Kitchen
Lvl First

Closet, Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances

Primary Bedroom
Lvl First

Walk-In Closet(s), Flooring - Wall to Wall Carpet

Property History

Price Drop
$435,000

Was $449,000

Sep 25, 2026

MLS® 73571446

Listed
$449,000

Sep 2, 2026

MLS® 73571446

Listing Provided By

Listing Agent: Mirella E. Mcdonough

Listing Office: Real Broker MA, LLC

MLS® Number: 73571446