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.
- Heating System:
- Electric, Baseboard, Natural Gas
- Basement:
- Full, Walk-out Access, Unfinished, Concrete
- Parking:
- Off Street, Shared Driveway
- Appliances:
- Range, Refrigerator
- Construction:
- Frame
- Flooring:
- Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Seller never occupied property.All information to be verified by the buyer/representative.LEGAL TWO bed per septic but there's a 3rd room on 2nd fl(no closet). See plans.New roofs throughout complex currently being installed.Condo fee of $430 to increase by $284 on ave per unit by years end., Units 1 and 2 are tenant occupied. 24 hour notice required. Seller has never occupied the building.
- Electric Feature:
- Individually Metered
- Garage Parking
- Lead Paint:
- Certified Treated
- Road Type:
- Paved
- Rent Fee Includes:
- Water), Unit 1(gas, Unit 3(gas, Unit 2(gas
- Market Time:
- 4
- Parking Spaces:
- 5
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $115
- Zoning:
- R
- No Units:
- 3
- Orig Price:
- $450,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Gardner
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01440
- Longitude:
- W72° 0' 16.7''
- Latitude:
- N42° 34' 15.8''
Residential Income
274 Pleasant St, Gardner, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $450,000
- Bedrooms :
- 6
- Rooms :
- 15
- Total Bathrooms :
- 3
- Full Bathrooms :
- 3
- Square Footage :
- 3,914 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.24 Acre
- Listing ID :
- 73510901
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com