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    154 Oak St Gardner, MA 01440

    View on Map
    Sponsored
    For Sale
    $599,900

    MULTI_FAMILY - Gardner, MA

    Property size:
    2,887 SF
    Lot size:
    0.15 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 7:06 pm

    Property Features for 154 Oak St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    Rooms
    Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    5
    Bathrooms
    2
    APN
    M:M27 B:19 L:7,3535752
    Parking
    4
    Size
    2,887 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1920
    Floors in Building
    4
    Number of units
    2

    We can help!

    Listing Contact
    Rochelle Jonswold

    Keller Williams Realty North Central (978) 840-9000

    Listing agent Rochelle Jonswold

    Listing date Mar 13, 2026

    MLS# 73485526 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Two-Family Home, Gardner, MA

    This updated two-family home is located in Gardner, MA. The property features separate utilities, making it suitable for both owner-occupants and investors. The home is well-maintained with bright, spacious rooms. Recent updates within the past three years include a new furnace, rubber roof, laminate flooring, tile shower, and bathroom vanity. The first-floor unit is vacant and includes a kitchen, living room with mantle space for an electric fireplace, two bedrooms, laundry, and a bathroom with an electric heat blower. The second unit spans two levels and features luxury vinyl tile at the entry. The kitchen includes a center island with a double oven stove and USB outlet, linoleum flooring, and a pantry area with a dishwasher. Additional features include a formal dining room with a chandelier and marble flooring, a sunroom, and an extra room. Crown molding and high ceilings add character throughout. The upper level offers three additional bedrooms. Exterior features include four off-street parking spaces and a fenced backyard. The lot size is 0.1485 acres. The property size is 2887 square feet. Market rent is estimated at $2000-$2300.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.997571
    Latitude
    42.57959

    Nearby Similar for Sale

    • $499,000
      2,020 SF

      Two-Family Home with Rental Potential

      Well-maintained two-family home in Gardner, MA with income potential.
      73 Ash St, Gardner, MA 01440
      View Details
    • New
      $579,900
      2,412 SF

      Updated Duplex in Gardner

      Renovated 2-unit home with modern finishes and separate utilities.
      99 Washington St, Gardner, MA 01440
      View Details
    • $399,900
      1,359 SF

      Well-Maintained Two-Family Investment Opportunity

      Updated two-family property with long-term tenants, ideal for investors.
      84 Jean St, Gardner, MA 01440
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home with recent updates and separate utilities.
    Where is this duplex located?
    The property is located at 154 Oak St Gardner, MA.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Two-family home ideal for owner-occupancy or investment with potential rental income.; - Separate utilities for each unit.; - Recent updates including new furnace, rubber roof, flooring, and bathroom fixtures.
    (978) 840-9000
    Request Owner's contact information
    154 Oak St Gardner, MA 01440
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    154 Oak St Gardner, MA 01440
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    We can help!
    Listing Contact
    Rochelle Jonswold
    (978) 840-9000 (978) 860-3609
    Learn more
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