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181 Park Street, Gardner MA 01440

$549,900

Estimated $1,455/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $183,300

Total Rent: 51600/year

Estimated CAP Rate:

9 Bedrooms

Baths

3216

Total Parking: 12 (2 Garage)

17,600 (0.40)

This scenario doesn't come around often—181 Park Street is an updated and well-maintained three-family with one vacant unit (great for an owner-occupied buyer), plenty of parking and two long-time tenants paying near-market rent! If you're looking to build wealth through real estate and are tired of paying rent, this is worth a look! Extensive renovations since 2012 include updated plumbing, electrical and heating system. The roof and 4 water heaters were replaced in 2024-2025. All three apartments have large, updated eat-in kitchens with walk-in pantries for plenty of storage. Unit 1 has a large back deck, and units 2 and 3 each have an enclosed sun porch. Hardwood and tile flooring throughout, refinished hardwoods, with original woodwork, trim, and interior doors. Floor plans show the main level (Unit 2) and are generally representative of all three apartments. Utilities are separately metered, so tenants pay their own gas heat and electric. 4 updated electrical panels. Coin-op washer/dryer in common laundry for extra income. Low-maintenance vinyl siding and windows. Set on almost a half acre with a two-car garage, plenty of parking, and a partially fenced flat side yard currently used for raised bed gardens. Main unit (#2) is vacant and available for showings. Photos show units #1 and #2. Near Crystal Lake, the Greenwood pool, town center, hospital, shopping, Mount Wachusett Community College, North Central Pathway bike trail, and Route 2.

This home has been viewed 10 times

Last Checked: September 16th, 2026 at 2:53pm (Source: MLS PIN #73562108)

Gross Income: $51,600

Gross Expenses: $11,292

Net Income Calc: $40,308

Water Views

Annual Expenses for 181 Park Street, Gardner MA 01440

Total Gross Expenses (Calculated)$11,292/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6758

Annual Income & Unit Breakdown for 181 Park Street, Gardner MA 01440

Total Gross Income (Calculated)$51,600

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 181 Park Street, Gardner MA 01440

Listing ID73562108

Property TypeMulti Family / 3 Family

Price549900 ($170.99/SqFt)

Style3 Family - 3 Units Up/down

CityGardner

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3216

Approximate Lot Size (Acres)0.4

Total Parking12 (2 Garage)

Garage Parking2

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR1

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 181 Park Street, Gardner MA 01440

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

ExclusionsPersonal Belongings.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 181 Park Street, Gardner MA 01440

Real Estate Taxes6758

Tax Year2026

Assessed Value$490,800

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 181 Park Street, Gardner MA 01440

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 181 Park Street, Gardner MA 01440

Agent

Name: Jennifer Shenk

Office

Name: Keller Williams Realty North Central

Phone: 978-840-9000

Payment Calculator

, Interest

Property Taxes 563.17

Principal & Interest 3388.31

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty North Central

Jennifer Shenk

Agent Phone

Office Phone

(978) 840-9000

Text Agent Call Agent Call Office

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    [unparsed] => 181 Park Street, Gardner MA 01440
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EXIT

39 More Photos

Pending

181 Park Street, Gardner MA 01440

$549,900

Annual Expenses for 181 Park Street, Gardner MA 01440

Annual Income & Unit Breakdown for 181 Park Street, Gardner MA 01440

General Information for 181 Park Street, Gardner MA 01440

Disclosures for 181 Park Street, Gardner MA 01440

Financial Information for 181 Park Street, Gardner MA 01440

Location Information for 181 Park Street, Gardner MA 01440

Contact Information for 181 Park Street, Gardner MA 01440

Agent

Office

Payment Calculator

Exclusive Listing Agent

Keller Williams Realty North Central

Jennifer Shenk