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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