Top-Floor Residential Income
For Sale
$240,000
8 Carriage Hill Rd, Amesbury, MA 01913
Top-floor condo with updated kitchen, designated parking, and shared building laundry access.
Property Size667 SF
Price / SF$359.82
Days on Market49
Property Features for 8 Carriage Hill Rd
General Information
Standard status
Active
Size
667 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Asking Price
$260,000
Highway Access
Yes
Multifamily Units
1
Amenities
laundry room
Range
Dishwasher
Microwave
Refrigerator
Window Unit(s), Wall Unit(s)
Tile
Carpet
Baseboard
1.0 Story
$1,154 Taxes
Public
Built in 1968
Building Details
Year Built
1968
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty
(603) 434-2377
Listed By:
Jeremy Nault
(603) 703-3413
Source:
Donahuere
Added: Aug 19
Changed: Sep 12
Last Checked: Oct 5 at 3:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Verani Realty
Investment Insights
Based on property information with market context.
This top-floor condominium at 8 Carriage Hill Rd, Unit 17, provides a two-bedroom, one-bath layout within 667 square feet. Built in 1968, the residence includes recent kitchen updates, one designated parking space, and access to a laundry room located within the building.
The property is in Amesbury’s Carriage Hill area, with Amesbury Town Park nearby. Downtown Amesbury offers dining, retail, historic mill character, and access to the Riverwalk area. Regional access includes I-95 and I-495.
The property is in Amesbury’s Carriage Hill area, with Amesbury Town Park nearby. Downtown Amesbury offers dining, retail, historic mill character, and access to the Riverwalk area. Regional access includes I-95 and I-495.
Key Highlights
- Two‑bedroom, one‑bath condo with 667 sq ft of living space
- Top‑floor unit with recent kitchen updates
- One designated parking spot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,143
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,860
$202.9K
Cap Rate 7%
$144,900
$144.9K
Cap Rate 9%
$112,700
$112.7K
Market Conditions
NOI Build-Up for 667 SF
Gross rent
$19.2K $28.80/SF
− Vacancy
−$768 −$1.15/SF
EGI
$18.4K $27.65/SF
− OpEx
−$8.3K −$12.44/SF
NOI
$10.1K $15.21/SF
Area
Essex County, MA
Vacancy
4.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,860
Cap Rate 7%
$144,900
Cap Rate 9%
$112,700
Alternative Uses
Best Use
Apartment 5plus
$144.9K
$126.8K – $169.1K
NOI $10,143 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.9K
$345.5K – $460.7K
NOI $27,640 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 01913, MA
17,366
Population
7,827
Households
2.2
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
1,412
Density / Sq Mi
$100,599
Median Household Income
$60,627
Median Earnings
$1,573
Median Rent
$475,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condo with updated kitchen, designated parking, and shared building laundry access.
Where is this residential income property located?
The property is located at 8 Carriage Hill Rd Amesbury, MA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condo with 667 sq ft of living space; Top‑floor unit with recent kitchen updates; One designated parking spot
