Occupied Triplex with Detached
New
For Sale
$595,000
100 Conant St, Gardner, MA 01440
All three units are currently occupied, with a detached two-car garage rebuilt in 2021 for parking and storage.
Days on Market5
Property Features for 100 Conant St
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Investment
Occupancy
100%
Building Details
Building Size
2,852 SF
Year Built
1900
Buildings
2
Tenancy
Multi
Listing Agency:
Empire Real Estate Group
(617) 930-0227
Listed By:
Gabrielle Brouillet
(617) 930-0227
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 1 at 4:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Empire Real Estate Group
Investment Insights
Based on property information with market context.
This occupied triplex offers three rental units within a single property, with all three units currently occupied. The home provides generous unit layouts and ample storage, with room to increase value through future updates and improvements.
A detached two-car garage, completely rebuilt in 2021, adds practical off-street parking and storage options. Please note that a small portion of the driveway is subject to an easement benefiting the neighboring property. Built in 1900, the property is situated in an established neighborhood and is conveniently located near shopping, restaurants, schools, parks, and major commuting routes.
BikeScore is 39 (Somewhat Bikeable) and WalkScore is 46 (Car-Dependent).
A detached two-car garage, completely rebuilt in 2021, adds practical off-street parking and storage options. Please note that a small portion of the driveway is subject to an easement benefiting the neighboring property. Built in 1900, the property is situated in an established neighborhood and is conveniently located near shopping, restaurants, schools, parks, and major commuting routes.
BikeScore is 39 (Somewhat Bikeable) and WalkScore is 46 (Car-Dependent).
Key Highlights
- All three units are currently occupied
- Detached two‑car garage completely rebuilt in 2021
- Small portion of driveway subject to an easement benefiting neighboring property
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 | $56.5k | $19.80 |
| − Vacancy | −$1.4k | −$0.49 |
| EGI | $55.1k | $19.31 |
| − OpEx | −$16.5k | −$5.79 |
| NOI | $38.6k | $13.52 |
2,852 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.7K
$481.9K – $642.5K
NOI $38,552 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$479.3K
$419.4K – $559.2K
NOI $33,551 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$973.9K
$852.2K – $1.14M
NOI $68,174 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 01440, MA
21,577
Population
9,600
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
24.5 sq mi
ZIP Area
881
Density / Sq Mi
$63,526
Median Household Income
$43,737
Median Earnings
$1,071
Median Rent
$270,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - All three units are currently occupied, with a detached two-car garage rebuilt in 2021 for parking and storage.
Where is this triplex located?
The property is located at 100 Conant St Gardner, MA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: All three units are currently occupied; Detached two‑car garage completely rebuilt in 2021; Small portion of driveway subject to an easement benefiting neighboring property
