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$450,000

Active

274 Pleasant St

Gardner, MA, 01440

Multi-Family · MLS #73510901

Price/sqft

$115

Days on market

New today

Year built

1900

Lot size

0.24 ac

3,914 sq ft

Sq Ft

0.24 acres

Lot

1900

Year Built

Taxes: $5,160 (2026)

About this home

This 3-unit investment property is ideally located near downtown Gardner and offers strong potential for steady returns. The building consists of three units: one 3-bedroom/1-bath, one 2-bedroom/1-bath, and one 1-bedroom/1-bath. The property has benefited from several capital improvements and cost-saving upgrades over the years, including vinyl siding repairs, updated electrical systems, a new roof installed in 2024, newer exterior stairs and decking, some ceiling and drywall repair, and a recently installed boiler. Units one and two are currently tenant-at-will (non-paying), presenting an opportunity for an investor to stabilize rents and increase overall income. With low operating expenses—tenants are responsible for their own heat and electricity—this property offers an attractive investment profile. With proper rental management and potential value-add improvements, this building presents a solid opportunity to generate consistent cash flow and long-term profit.

Property details

Road type
Public, Paved, Publicly Maint.
Basement
Full, Walk Out, Concrete Floor, Unfinished Basement
Electric
Individually Metered, 400 Amps

Listed by Michelle Peterson · Elm Grove Realty, LLC

Schedule a showing

274 Pleasant St

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$2,893 / month

Down payment20% · $90,000
Interest rate6.50%

Loan term

Principal & interest
$2,275
Property tax
$430
Home insurance
$188

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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