Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    73 Ash St Gardner, MA 01440

    Sponsored
    For Sale
    $499,000

    MULTI_FAMILY - Gardner, MA

    Property size:
    2,020 SF
    Lot size:
    0.13 Acres
    Days on Market:
    57
    Last Refresh:
    Jan 18 at 9:06 pm

    Property Features for 73 Ash St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    Rooms
    Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
    Bedrooms
    4
    Bathrooms
    3
    APN
    3535715
    Parking
    5
    Size
    2,020 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1910
    Floors in Building
    3
    Number of units
    3

    We can help!

    Listing Contact
    Keller Williams Realty Evolution

    Keller Williams Realty Evolution [email protected]

    Listing agent Keller Williams Realty Evolution

    Listing date Nov 23, 2025

    MLS# 73391903 Listing URL

    Copyright © 2025 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

    Two-Family Home with Rental Potential

    This well-maintained two-family property presents an opportunity for both owner-occupants and investors. One unit is currently vacant, making it move-in ready or offering immediate rental income. The property also has the possibility for an accessory unit, providing even more flexibility for future expansion or rental opportunities. The property is located in Gardner, MA. The lot size is 0.13 acres and the property size is 2020 square feet. The zoning is R3. This property is perfect for anyone looking to invest in real estate or a homeowner seeking to live comfortably while generating income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.000994
    Latitude
    42.578481

    Nearby Similar for Sale

    • $545,000
      3,598 SF

      Gardner Multifamily Investment Opportunity

      Four-unit building with recent renovations and separate utilities.
      94-98 Maple St, Gardner, MA 01440
      View Details
    • New
      $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
    • $280,000

      Gardner Four-Family Investment Opportunity

      Four-unit property in Gardner near downtown, ideal for investors.
      80-82 Maple St, Gardner, MA 01440
      View Details
    • $499,900

      Three-Family Home with Period Details

      Three-unit property featuring original architectural details and income potential.
      120 Graham St, Gardner, MA 01440
      View Details
    • $440,000

      Versatile Two-Family Property in Gardner

      Two-unit property with recent updates and income potential.
      65 School St, Gardner, MA 01436
      View Details
    • $519,000

      Colonial Style Two Family Home

      Two-family home near downtown, ideal for investors or owner-occupiers.
      22-24 Highland St, Gardner, MA 01440
      View Details
    • $249,900

      Turnkey Salon Opportunity

      Salon space for sale in central location off Main Street.
      50 Knowlton St, Gardner, MA 01440
      View Details
    • $490,000

      Turnkey Gardner Triplex For Sale

      Professionally managed triplex near amenities, ideal for commuters.
      337-343 Parker St, Gardner, MA 01440
      View Details
    • $600,000

      Retail Building on Main Street

      Two-story retail building with high visibility and parking.
      380 Main St, Gardner, MA 01440
      View Details
    • $570,000

      Gardner Office Building For Sale

      Vacant building with ample space near downtown and highway.
      41-43 Lennon St, Gardner, MA 01440
      View Details
    • $299,900

      Versatile Two-Family Home For Sale

      Two-unit property near downtown and Route 2.
      143 Greenwood St, Gardner, MA 01440
      View Details
    • $579,900

      Four-Unit Multifamily Property For Sale

      Four-unit property with recent renovations and upgraded systems.
      52 Moran St, Gardner, MA 01440
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained two-family home in Gardner, MA with income potential.
    Where is this triplex located?
    The property is located at 73 Ash St Gardner, MA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Move-in ready vacant unit for immediate occupancy or rental income.; - Two-family property ideal for owner-occupants or investors.; - Potential for an accessory unit, increasing flexibility and income opportunities.
    (978) 927-8700
    Request Owner's contact information
    73 Ash St Gardner, MA 01440
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    73 Ash St
    Gardner, MA 01440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    73 Ash St Gardner, MA 01440
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Keller Williams Realty Evolution
    (978) 927-8700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.