Two-Family Duplex with Enclosed
For Sale
$425,000
105 Grant Street, Gardner, MA 01440
Two-unit duplex with enclosed porches, separate utilities, and two bedrooms per unit.
Property Size2,214 SF
Price / SF$191.96
Days on Market32
Property Features for 105 Grant Street
General Information
Standard status
Active
Size
2,214 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
Winslow Homes LLC
Listed By:
Emily Therrien
(603) 548-5315
Source:
Burkelordrealestate
Added: Jul 1
Changed: Jul 30
Last Checked: Aug 1 at 2:20AM
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 Winslow Homes LLC
Investment Insights
Based on property information with market context.
This two-family duplex offers two bedrooms per unit with a full bath, an oversized living room, and a large eat-in kitchen. Unit 2 includes a remodeled kitchen. Both floors feature enclosed porches that can serve as additional living space, and there is a large walk-up attic for extra storage.
Recent exterior and mechanical improvements include updates completed within the last 12 years to the roof, vinyl siding, gas boilers, and gas hot water heaters. The basement provides access to a garage workshop area, which can be useful for DIY projects. There is also a deck for outdoor time.
All utilities are separate, including an electrical panel for common areas. The home is in a commuter location just minutes from Rte. 2, with local shopping within a short distance. Built in 1900, the property totals 2,214 SF.
Recent exterior and mechanical improvements include updates completed within the last 12 years to the roof, vinyl siding, gas boilers, and gas hot water heaters. The basement provides access to a garage workshop area, which can be useful for DIY projects. There is also a deck for outdoor time.
All utilities are separate, including an electrical panel for common areas. The home is in a commuter location just minutes from Rte. 2, with local shopping within a short distance. Built in 1900, the property totals 2,214 SF.
Key Highlights
- Within the last 12 years: roof, vinyl siding, gas boilers, and gas hot water heaters updated
- Each unit offers 2 bedrooms, a full bath, an oversized living room, and a large eat‑in kitchen
- Unit 2 kitchen remodeled
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 | $43.8k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $42.8k | $19.31 |
| − OpEx | −$12.8k | −$5.79 |
| NOI | $29.9k | $13.52 |
2,214 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.5K
$374.1K – $498.8K
NOI $29,928 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$372.1K
$325.6K – $434.1K
NOI $26,045 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$756.0K
$661.5K – $882.1K
NOI $52,923 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
850
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?
Duplex - Two-unit duplex with enclosed porches, separate utilities, and two bedrooms per unit.
Where is this duplex located?
The property is located at 105 Grant Street Gardner, MA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Within the last 12 years: roof, vinyl siding, gas boilers, and gas hot water heaters updated; Each unit offers 2 bedrooms, a full bath, an oversized living room, and a large eat‑in kitchen; Unit 2 kitchen remodeled
