199 Main Street

Gardner, MA 01440

$513,000
Price
7
Beds
5
Baths
4,110 Sq. Ft.
$125 / Sq. Ft.
4,110
Sq. Ft.
$125
per Sq. Ft.

Description

Fully occupied and brimming with potential, this 5-unit property nestled in the heart of Gardner presents an unparalleled investment opportunity. With four 1 bed, 1 bath units and one 3 bed, 1 bath unit, there's versatility to cater to various tenant preferences. Additionally, two units offer the exciting possibility of conversion into spacious 2 bed units, amplifying rental income potential. Separate electrical utilities. Situated in the highly sought-after city of Gardner, this property is a rare...Fully occupied and brimming with potential, this 5-unit property nestled in the heart of Gardner presents an unparalleled investment opportunity. With four 1 bed, 1 bath units and one 3 bed, 1 bath unit, there's versatility to cater to various tenant preferences. Additionally, two units offer the exciting possibility of conversion into spacious 2 bed units, amplifying rental income potential. Separate electrical utilities. Situated in the highly sought-after city of Gardner, this property is a rare find in a coveted location with steady rental demand. Explore flexible financing options with potential seller financing. This is your exclusive opportunity to unlock the full potential of this investment gem. Seller financing may be available. The seller may also be open to selling as a package deal with 59 Church Street, Leominster, MA. Showings every Saturday, 11-12 by appointment only. All parties to be accompanied by a Buying Agent.
  1. Listed by The Merrill Group • Naples Realty Group
  2. Listed by Brett Merrill • Naples Realty Group
  3. Listed by Brittany Sullivan Merrill • Naples Realty Group

Property Details for 199 Main Street

Town
Gardner
Area
MA-Gardner
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of Naples Realty Group, The Merrill Group; Naples Realty Group, Brett Merrill; Naples Realty Group, Brittany Sullivan Merrill
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LISTING UPDATED: 04/13/2024 12:45 PM

Property Details for 199 Main Street

StatusActive
MLS #73216591
Days on Market37
Taxes$4,965 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyWorcester County

Location

Listing Courtesy of Naples Realty Group, The Merrill Group; Naples Realty Group, Brett Merrill; Naples Realty Group, Brittany Sullivan Merrill
Add your commute

Building Information for 199 Main Street

Stories9Residences5Year Built1900Building Size-Lot Size0.15 AC / 6,725 SF

Payment Calculator

$3,213 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,800

Property Taxes

$414

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 199 Main Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 4110.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Unknown/Mixed
  • Year Built Source: Public Records
Location/School
  • Grade School: Per Dese
  • High School: Per Dese
  • Middle School: Per Dese
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Full
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Easements
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Shared Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Shared Driveway
Utilities
  • Heating: Oil
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: The seller has never lived in the property. Buyer to do their own due diligence regarding all information and use.
Tax Information
  • Tax ID: 3536220
  • Assessments: $331,200
  • Book: 65607
  • Tax Year: 2024
  • Zoning: Per Town
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $52,560.00
  • GRE: $25,258
  • NOI: $28,322.00
  • Operating Expense: $25,258.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,745.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 199 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 199 Main Street

Taxable ValueLand$60,600Additions$270,600Total$331,200
Tax Record2024$4,965 ($414 / month)
Home Facts
Baths5Total Finished SqFt4,110 SqFtAbove Grade Finished SqFt4,110 SqFtStories3Lot Size6,725 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyWORCESTERAPNGARD M:M22 B:15 L:50

Schools near 199 Main Street

This home is within Gardner School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 8 to 12
Public - 2 to 4
Public - 5 to 7
Rating
School
Distance
Waterford Street
PublicPK to 1

Gardner High School
Public8 to 12

Elm Street School
Public2 to 4

Gardner Middle School
Public5 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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199 Main Street is a multi-family home for sale in Gardner, MA 01440. This property was listed for sale on March 26, 2024 by Naples Realty Group, it's currently listed at $513,000. It has been on the market for a total of 37 days and was last sold on July 13, 2021. This listing's school district is Gardner School District. Nearby schools include Waterford Street, Gardner High School and Elm Street School. 199 Main Street is a 7-bed, 5-bath, 4,110 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Naples Realty Group, The Merrill Group; Naples Realty Group, Brett Merrill; Naples Realty Group, Brittany Sullivan Merrill

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.