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274 Pleasant St, Gardner, MA, 01440

6beds
3baths
3,914sqft
$450,000
$115price/sqft
$3,772/moest. monthly cost
$150,880/yrincome needed

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.

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

2/10
Gardner Elementary SchoolGrades PK-40.7 mi
4/10
Gardner High SchoolGrades 8-121.2 mi
2/10
Gardner Middle SchoolGrades 5-71.5 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Concrete Perimeter,Stone,Brick/Mortar
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family - 3 Units Up/Down

Interior

Appliances

  • Appliances included: Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Concrete,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Varies
  • Finished area above ground: 3,914

Heating

  • Heating features: Baseboard,Natural Gas,Electric

Interior Area

  • Total structure area: 3,914
  • Total interior livable area: 3,914 sqft

Property

Details

  • Parcel number: 3536197
  • Zoning: R

Lot

  • Lot size: 10,454 sqft
  • Features: Gentle Sloping

Parking

  • Total spaces: 5
  • Parking features: Shared Driveway,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Hurricane
Ice Storm
Strong Wind

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance *$194$2,328
Property Taxes $532$6,384
Electricity $771$9,261
Total$3,772$45,264
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$129,325/yr
40% on housing$113,160/yr
45% on housing$100,586/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$115This listing

vs Other Active Listings

Avg $/sqft

ZIP 01440$554
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01440$248
Worcester County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-30Listed for sale$450,000
2019-02-23Listing removed$900
2019-02-13Listed for rent$900
2017-11-13Listing removed$900
2017-10-21Price change$900
2017-08-25Listed for rent$875
2014-10-06Sold$75,000
2014-08-22Pending sale$95,000
2013-12-18Listed for sale$95,000
2013-11-14Listing removed$99,900
2013-08-09Listed for sale$99,900
2013-07-03Listing removed$94,900
2013-04-05Price change$94,900
2013-02-15Listed for sale$99,900
2011-11-01Listing removed$110,000
2011-05-29Price change$110,000
2010-10-22Price change$125,000
2010-09-18Listed for sale$135,000
2009-05-08Listing removed$245,000
2009-05-03Listed for sale$245,000
2008-03-11Listing removed$249,000
2008-01-26Listed for sale$249,000
2006-09-28Sold$229,000
2006-08-25Sold$162,500
2000-01-20Sold$38,000
1997-05-19Sold$30,000
1996-04-04Sold$40,000

For Sale by Agent

AgentMichelle Peterson
BrokerageElm Grove Realty, LLC

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