287 Pine St, Gardner, MA 01440
MULTI_FAMILY - Gardner, MA
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 287 Pine St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
- Parking
- 5
- Standard status
- Active
- APN
- M:0R22 B:0016 L:0042,3536733
- Size
- 1,738 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4495
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
Listing agent Rochelle Jonswold (978) 840-9000
Listing office Keller Williams Realty North Central 670 Mechanic Street, MA (978) 840-9000
Listing date Jun 24, 2026
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.
HighLights
- Well‑maintained two‑family property built in 1910
- 1st‑floor unit: 1‑bedroom layout with option to add a second bedroom
- 2nd‑floor unit: 2 bedrooms with laundry hookups in unit
- Both units feature beautiful hardwood floors
- Laundry available in the basement for the 1st‑floor unit, plus laundry hookups in the 2nd‑floor unit
- Off‑street parking and a detached garage with potential for additional income
Overview
The property is located at 287 Pine St in Gardner, Massachusetts. The site totals 0.1845 acres, and the overall property size is 1,738 square feet. The zoning is listed as R1.
This configuration can suit a range of residential income strategies, including an owner-occupant scenario where one unit can be occupied while the other supports rental income. The listing notes that one unit may be delivered empty, which may be beneficial for buyers looking for flexibility at the time of purchase.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $19.80 |
| − Vacancy | −$850 | −$0.49 |
| EGI | $33.6k | $19.31 |
| − OpEx | −$10.1k | −$5.79 |
| NOI | $23.5k | $13.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gardner
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.991777
- Latitude
- 42.570888
