3-Unit Triplex with
113 Baker St, Gardner, MA 01440
For Sale
New
$569,999
Three-bedroom residences offer separate utilities, eat-in kitchens, and individual outdoor space.
Property Size2,700 SF
Days on Market4
Property Features for 113 Baker St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
eat-in kitchens
private wrap-around porches
basement storage
freshly sealed driveway
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Esteban Pepin
(857) 339-6127
Source:
Elliman
Added: Nov 6
Last Checked: Nov 8 at 6:45AM
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 Esteban Pepin
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Investment Insights
Based on property information with market context.
This 1920 triplex contains three 3-bedroom units, each with hardwood floors, an eat-in kitchen, separate utilities, and a private wrap-around porch. The first-floor unit and renovated third-floor unit are vacant; basement storage adds space for residents’ belongings. The property sits on a flat lot with a sealed driveway and off-street parking.
Route 2 and the town center are accessible from the property. Walk Score is 61 and Bike Score is 44.
Route 2 and the town center are accessible from the property. Walk Score is 61 and Bike Score is 44.
Key Highlights
- Three 3‑bedroom units in a 1920 triplex
- First‑floor and renovated third‑floor units are vacant
- Separate utilities, eat‑in kitchens, hardwood floors, and wrap‑around porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,498
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,960
$730.0K
Cap Rate 7%
$521,400
$521.4K
Cap Rate 9%
$405,533
$405.5K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$53.5K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$52.1K $19.31/SF
− OpEx
−$15.6K −$5.79/SF
NOI
$36.5K $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%
$729,960
Cap Rate 7%
$521,400
Cap Rate 9%
$405,533
Alternative Uses
Best Use
Multifamily LT 5
$521.4K
$456.2K – $608.3K
NOI $36,498 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$453.8K
$397.0K – $529.4K
NOI $31,763 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$922.0K
$806.8K – $1.08M
NOI $64,541 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
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
$270,500
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Worcester County, MA
Properties on Market for Triplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom residences offer separate utilities, eat-in kitchens, and individual outdoor space.
Where is this triplex located?
The property is located at 113 Baker St Gardner, MA.
What is the asking price?
The asking price for this property is $569,999.
What are key features of this property?
This property features: Three 3‑bedroom units in a 1920 triplex; First‑floor and renovated third‑floor units are vacant; Separate utilities, eat‑in kitchens, hardwood floors, and wrap‑around porches
