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88-98 Main, Gardner MA 01440

$1,399,900

Estimated $2,991.93/month Calculator

Multi Family

Total Units: 13

Price Per Unit: $107,684.62

Total Rent: 33000/year

Estimated CAP Rate: -2.65%

8 Bedrooms

8 Full, 5 Half Baths

12,667 SqFt

Total Parking: 0

6,840 SqFt

This well-maintained 13-unit building offers a strategic mix of five commercial units and eight residential units, including a total of six-one bedrooms, one studio unit, and one two-bedroom unit. The property has been thoughtfully upgraded, including a conversion from oil to natural gas with a central heating system, reducing maintenance costs and ensuring more efficient operation with just one heating unit to manage. Several residential units have been modernized, enhancing their appeal to tenants. The building also benefits from a fully sprinklered system, ensuring safety and peace of mind for all occupants.With impressive financials, the property generates substantial gross rental income and operates with a net operating income of over $100,000. The ease of maintenance, coupled with its attractive income potential, makes this a solid investment opportunity.

This home has been viewed 16 times

Last Checked: March 25th, 2025 at 4:19am (Source: MLS PIN #73349383)

Gross Income: $33,000

Gross Expenses: $70,114

Net Income Calc: $37,114

CAP Rate: -2.65%

Annual Expenses for 88-98 Main, Gardner MA 01440

Total Gross Expenses (Calculated)$70,114/year

APOD AvailableYes

Heating

Electricity$3,763

Water$4,977

Gas$4,977

Insurance$10,000

Sewer$4,977

Trash Removal$3,554

Repair & Maintenance$9,179

Management$13,580

Miscellaneous

Real Estate Tax$8,664

Annual Income & Unit Breakdown for 88-98 Main, Gardner MA 01440

Total Gross Income (Calculated)$33,000

Unit 1

Rental Income$1,350

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,400

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 88-98 Main, Gardner MA 01440

Listing ID73349383

Property TypeMulti Family

Price$1,399,900 ($110.52/SqFt)

Style5+ Family - 5+ Units Up/down

CityGardner

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total12,667 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking0

Garage Parking

Year Built1940

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick, Stone, Block

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBlock,Brick/Mortar

Accessible Features

Outdoor Space

ZoningCOM1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 88-98 Main, Gardner MA 01440

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$81,730

Total Gross Income By Broker$194,004

Total Net Income By Broker$112,274

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation1%

Sub-Agent Compensation

Compensation Based OnCompensation Offered But Not In Mls

Financial Information for 88-98 Main, Gardner MA 01440

Real Estate Taxes$8,664

Tax Year2024

Assessed Value$509,000

Financial Data Source

Total Gross Expenses By Broker$81,730

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$194,004

BostonRealEstate.com Gross Income

Total Net Income By Broker$112,274

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-2.65%

Location Information for 88-98 Main, Gardner MA 01440

Elementary SchoolGardner Elem.

Middle SchoolGardner Middle

High SchoolGardner High

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Laundromat, Public Transportation

Contact Information for 88-98 Main, Gardner MA 01440

Agent

Name: Candor Realty Group

Office

Name: Four Points Real Estate, LLC

Phone: 888-944-5827

Team Members

Name: Joshua Poitras

Phone: 978-746-1431

Payment Calculator

, Interest

Property Taxes 722

Principal & Interest 8625.74

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Four Points Real Estate, LLC

Candor Realty Group

Agent Phone

Office Phone

(888) 944-5827

Text Agent Call Agent Call Office

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EXIT

Withdrawn

88-98 Main, Gardner MA 01440

$1,399,900

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Four Points Real Estate, LLC

Candor Realty Group