Two-Family Residential Income
101 Marquette Street Gardner, MA 01440
101 Marquette Street, Gardner, MA, 01440
$339,000
Pending
For Sale
$339,000
Pending
Up/down two-family with identical layouts, two bedrooms per unit, bonus room, and off-street parking on a walk-out basement.
Property Size2,232 SF
Lot Size0.46 Acres
Days on Market84
Property Features for 101 Marquette Street
General Information
- Standard status
- Pending
- Size
- 2,232 SF
- Lot size
- 0.46 Acres
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1922
Listing agency
eXp Realty
(888) 854-7493
Listed by
The TrustPoint Group · License #H-63985
(888) 854-7493
Source
Compass
Added: Apr 29 Updated: Jul 21 at 5:19AM Checked: Jul 21 at 5:19AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This up/down 2-family home offers two spacious units with identical layouts. Each unit includes two bedrooms, one with its own office space, plus an additional bonus room off the living area. Unit 1 is vacant, while the second unit is occupied and available for private appointment only.
The property is set on a 0.46-acre lot and includes ample off-street parking and covered porches. Improvements and systems include vinyl siding, insulated windows, city water and sewer, and a full walk-out basement.
Overall, the building provides a straightforward two-unit configuration with matching unit plans and practical exterior and site features for a residential income purchase.
The property is set on a 0.46-acre lot and includes ample off-street parking and covered porches. Improvements and systems include vinyl siding, insulated windows, city water and sewer, and a full walk-out basement.
Overall, the building provides a straightforward two-unit configuration with matching unit plans and practical exterior and site features for a residential income purchase.
Key Highlights
- Up/down 2‑family with identical layouts; each unit has 2 bedrooms plus a bonus room off the living room
- Unit 1 is vacant, providing options from day one; occupied unit is shown by private appointment only
- Full walk‑out basement with interior access and dirt floor
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 | $44.2k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $43.1k | $19.31 |
| − OpEx | −$12.9k | −$5.79 |
| NOI | $30.2k | $13.52 |
2,232 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$431.0K
$377.1K – $502.9K
NOI $30,171 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$375.1K
$328.2K – $437.6K
NOI $26,257 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$762.2K
$666.9K – $889.2K
NOI $53,354 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Up/down two-family with identical layouts, two bedrooms per unit, bonus room, and off-street parking on a walk-out basement.
Where is this duplex located?
The property is located at 101 Marquette Street Gardner, MA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Up/down 2‑family with identical layouts; each unit has 2 bedrooms plus a bonus room off the living room; Unit 1 is vacant, providing options from day one; occupied unit is shown by private appointment only; Full walk‑out basement with interior access and dirt floor
