Active
132 Days on market
274 Pleasant St Gardner — Photo 1 of 20

274 Pleasant St Gardner — Photo 1 of 20

$450,000

274 Pleasant St, Gardner, MA 01440

Gardner, MA 01440

Beds

6

Baths

3

SqFt

3,914

Style

3 Family - 3 Units Up/Down

Built

1900

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$115/sqft
Local Avg (Gardner)$197/sqft
42% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Gardner, MA.

Property Details

Financials

Original Price$450,000
Annual Taxes$5,160

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms15
FireplacesNone
FlooringVaries
BasementFull, Walk-Out Access, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas, Electric
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone, Brick/Mortar
ZoningR

Property & Lot

Acres0.24
SqFt Lot10,454
Lot FeaturesGentle Sloping

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf

Geography

Population

21,276

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$67K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

40.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Michelle Peterson

Listing Office: Elm Grove Realty, LLC

MLS® Number: 73510901

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