Three-Family Residential Income
149 Cross Street Gardner, MA 01440
For Sale
$549,900
Well-maintained three-family property with off-street parking and practical unit layouts.
Property Size2,648 SF
Price / SF$207.67
Days on Market101
Property Features for 149 Cross Street
General Information
- Standard status
- Active
- Size
- 2,648 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency:
LAER Realty Partners
(978) 251-8221
Listed By:
Justin Melo · License #9523155
(978) 251-8221
Source:
Compass
Added: Apr 14
Changed: Jul 23
Last Checked: Jul 23 at 2:17AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This well-maintained three-family residential property is set up as a practical income option with three comfortable units and layouts designed for everyday living. The property has been consistently cared for, reflecting solid overall condition and pride of ownership.
Off-street parking is available, adding convenience for residents and visitors. The property is described as being conveniently located near local amenities, shopping, and major routes.
Presented for sale, the building is ready for its next owner, whether for investment purposes or owner-occupancy, with continued upkeep supporting a straightforward transition.
Off-street parking is available, adding convenience for residents and visitors. The property is described as being conveniently located near local amenities, shopping, and major routes.
Presented for sale, the building is ready for its next owner, whether for investment purposes or owner-occupancy, with continued upkeep supporting a straightforward transition.
Key Highlights
- Three‑family property with 3 total full baths
- Full basement
- Corner lot with wood deck
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 | $52.4k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $51.1k | $19.31 |
| − OpEx | −$15.3k | −$5.79 |
| NOI | $35.8k | $13.52 |
2,648 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.4K
$447.4K – $596.6K
NOI $35,795 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,151 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$904.3K
$791.2K – $1.05M
NOI $63,298 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with off-street parking and practical unit layouts.
Where is this triplex located?
The property is located at 149 Cross Street Gardner, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three‑family property with 3 total full baths; Full basement; Corner lot with wood deck
