$705,000
$689,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
6 Baths
4,338 SqFt
SOLD DATE : 10/07/2025
Key Details
Sold Price $705,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,338 sqft
Price per Sqft $162
MLS Listing ID 73404655
Sold Date 10/07/25
Bedrooms 6
Full Baths 6
Year Built 1900
Annual Tax Amount $6,682
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type 5-9 Family
Property Description
OFFER DEADLINE TUESDAY 7/22 at 12PM. Investors, check out this spectacular 6-family investment opportunity! Currently producing an 8% cap rate with the potential to reach 9.5% at market rents, this well-maintained property generates over $95,000 in annual income. Spanning more than 4,000 square feet, it features six well-sized 1-bedroom units, each offering a dine-in kitchen, living room, pantry, and bedroom. A coin-operated washer and dryer in the building adds convenience and additional income potential. Conveniently located just seconds from downtown Gardner and a short drive to Route 2, this property offers strong cash flow, value-add upside, and easy access to amenities and commuter routes. Recent appraisal came in significantly higher than the list price, making this a rare opportunity to acquire instant equity. A perfect addition to any investment portfolio!
Location
State MA
County Worcester
Zoning R1
Direction Please use GPS.
Rooms
Basement Unfinished
Interior
Interior Features Laundry Room, Living Room, Kitchen
Heating Oil
Cooling Window Unit(s)
Flooring Vinyl, Hardwood
Exterior
Exterior Feature Balcony
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, Public School, T-Station
Utilities Available for Electric Range
Roof Type Rubber
Total Parking Spaces 7
Garage No
Building
Story 5
Foundation Block, Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Gardner Element
Middle Schools Gardner Middle
High Schools Gardner High
Others
Senior Community false
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Bought with Teresa J. Lupien • Morin Real Estate
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