19 Franklin Ct Gardner, MA 01440
Estimated payment $4,282/month
Total Views
1,557
6
Beds
6
Baths
4,338
Sq Ft
$159
Price per Sq Ft
Highlights
- Medical Services
- Wood Flooring
- Balcony
- Property is near public transit
- Jogging Path
- Porch
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,682
Year Built
- Built in 1900
Lot Details
- 5,227 Sq Ft Lot
- Near Conservation Area
Home Design
- Block Foundation
- Stone Foundation
- Rubber Roof
Interior Spaces
- 4,338 Sq Ft Home
- Living Room
- Unfinished Basement
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Parking
- 7 Car Parking Spaces
- Common or Shared Parking
- Shared Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Balcony
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Gardner Element Elementary School
- Gardner Middle School
- Gardner High School
Utilities
- Window Unit Cooling System
- 1 Heating Zone
- Heating System Uses Oil
Listing and Financial Details
- Rent includes unit 1(heat hot water), unit 2(heat hot water), unit 3(heat hot water), unit 4(heat hot water)
- Legal Lot and Block 63 / 24
- Assessor Parcel Number 3535683
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $1,076
- Insurance Expense $4,500
- Water Sewer Expense $3,572
- Operating Expense $40,793
- Net Operating Income $54,907
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | For Sale | $689,000 | +62.1% | $159 / Sq Ft |
| 09/11/2020 09/11/20 | Sold | $425,000 | 0.0% | $102 / Sq Ft |
| 08/04/2020 08/04/20 | Pending | -- | -- | -- |
| 07/23/2020 07/23/20 | For Sale | $425,000 | -- | $102 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Similar Homes in Gardner, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73404655
APN: GARD M:M27 B:24 L:63
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