Three-Family Residential
For Sale
$425,000
Pending
112 Ash Street, Gardner, MA 01440
Three-family property with recent updates including new windows and an energy-saving heating system.
Property Size1,656 SF
Days on Market223
Property Features for 112 Ash Street
General Information
Standard status
Pending
Size
1,656 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
RES
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,792
Amenities
false
No
3
Building Details
Year Built
1900
Stories
3
Listing Agency:
Mercury Real Estate
Listed By:
Timothy S. Damon
(978) 297-5254
Source:
Arborviewrealtyinc
Added: Mar 12
Changed: Aug 8
Last Checked: Jul 21 at 3:28AM
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 Mercury Real Estate
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Investment Insights
Based on property information with market context.
This three-family residential income property offers a total of three units. Public remarks indicate multiple recent improvements, including an energy-saving heating system, new electrical panels with an owners meter, new windows, and other updates completed to the building.
The property is located at 112 Ash Street in Gardner, Massachusetts. It is being offered for sale.
As presented, this is a straightforward multifamily structure designed for either investment ownership or owner occupancy, with documented electrical, window, and heating upgrades.
The property is located at 112 Ash Street in Gardner, Massachusetts. It is being offered for sale.
As presented, this is a straightforward multifamily structure designed for either investment ownership or owner occupancy, with documented electrical, window, and heating upgrades.
Key Highlights
- Three‑family property with recent updates including new windows
- New energy‑saving heating system
- New electrical panels with owners meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,385
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,700
$447.7K
Cap Rate 7%
$319,786
$319.8K
Cap Rate 9%
$248,722
$248.7K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$32.8K $19.80/SF
− Vacancy
−$810 −$0.49/SF
EGI
$32.0K $19.31/SF
− OpEx
−$9.6K −$5.79/SF
NOI
$22.4K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,700
Cap Rate 7%
$319,786
Cap Rate 9%
$248,722
Alternative Uses
Best Use
Multifamily LT 5
$319.8K
$279.8K – $373.1K
NOI $22,385 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$278.3K
$243.5K – $324.7K
NOI $19,481 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$565.5K
$494.8K – $659.8K
NOI $39,585 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
558
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with recent updates including new windows and an energy-saving heating system.
Where is this triplex located?
The property is located at 112 Ash 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: Three‑family property with recent updates including new windows; New energy‑saving heating system; New electrical panels with owners meter
