$1,070,000
SOLD JAN 15, 2025

57 Green St Gardner, MA 01440

10 Beds
8 Baths
4,932 Sq Ft
0.45 Acres

Recently Sold

$217 Per Sq Ft

3% Below List Price

10 Days on Market

About This Home

As of January 2025

This well-maintained 8-unit property at 55-57 Green St Gardner, MA, consists of six 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, totaling 4,932 sq. ft. of living space on a 0.45-acre parcel. Recent upgrades include a new roof (2024), a renovated common area, and seven extensively updated units featuring granite countertops, stainless-steel appliances, modern bathrooms, and new flooring.The opportunity exists to increase rents in the renovated units and implement upgrades to the remaining unrenovated unit to maximize rental income. Conveniently located along Gardner’s primary north-south corridor, the property offers easy access to Downtown Gardner, Heywood Hospital, Mount Wachusett Community College, Crystal Lake, and the Route 2 corridor.This is a prime investment opportunity in a supply-constrained rental market.

Last Agent to Sell the Property

Ethan Lazar

Horvath & Tremblay Listed on: 11/25/2024

Last Buyer's Agent

Ethan Lazar

Horvath & Tremblay Listed on: 11/25/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,991

Year Built

  • Built in 1900

Lot Details

  • 0.45 Acre Lot

Home Design

  • 4,932 Sq Ft Home
  • Stone Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Full Bathrooms

Parking

  • 12 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Listing and Financial Details

  • Total Actual Rent $10,475
  • Assessor Parcel Number M:R27 B:12 L:20,3537783

Community Details

Overview

  • 8 Units
  • Property has 1 Level

Building Details

  • Electric Expense $834
  • Insurance Expense $5,477
  • Water Sewer Expense $3,586
  • Operating Expense $42,950
  • Net Operating Income $78,385

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,991

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 10
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Total Bathrooms: 8
  • Living Area: 4932
  • Spa YN: No
  • Stories Total: 7
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 223.03
  • PRICE PER Sq Ft: 216.95
  • MAIN SO: AN2723

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3586

Lot Info

  • Parcel Number: M:R27 B:12 L:20,3537783
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.45
  • Lot Size Area: 0.45
  • Lot Size Sq Ft: 19500
  • Lot Size Units: Acres
  • PAGE: 32
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6991
  • Tax Book Number: 66762

Multi Family

  • Electric Expense: 834
  • Gross Income: 127620
  • Insurance Expense: 5477
  • Net Operating Income: 78385
  • Number Of Units Total: 8
  • Operating Expense: 42950
  • Total Actual Rent: 10475
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $1,070,000 -2.7% $217 / Sq Ft
12/05/2024 12/05/24 Pending -- -- --
11/25/2024 11/25/24 For Sale $1,100,000 -- $223 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73315489

MLS Property Information Network (MLS PIN)