Two-Family Residence with
158 Oak Street Gardner, MA 01440
158 Oak Street, Gardner, MA, 01440
$399,900
For Sale
$399,900
Versatile two-level home with two eat-in kitchens, two full baths, and private enclosed porches, plus a roof installed in 2024.
Property Size1,728 SF
Price / SF$231.42
Days on Market158
Property Features for 158 Oak Street
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Foster-Healey Real Estate
(978) 407-1342
Listed by
Wendy Poudrette · License #454501685
(978) 407-1342
Source
Foster-healey
Added: Feb 15 Updated: Jul 23 at 5:35AM Checked: Jul 23 at 5:35AM
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 Foster-Healey Real Estate
Investment Insights
Based on property information with market context.
This versatile two-family residence is currently being used as a spacious single-family home, offering flexible living and investment options. The first floor features an eat-in kitchen with abundant cabinet space and storage, a formal dining room, a comfortable living room, one bedroom, and a full bath. The second floor includes its own eat-in kitchen with ample cabinetry, three bedrooms, and a full bath. Each level also has a private attached enclosed porch that can serve as additional storage or a year-round sitting area.
The property is located near area schools, restaurants, and major routes, providing convenient access for commuting and everyday errands. It is also close to Mount Wachusett Community College (MWCC) and Dunn Park.
For full two-family use, a second egress may be required. A new roof was installed in August 2024, and the seller is in the process of clearing a title issue, so some flexibility in the closing date will be required.
The property is located near area schools, restaurants, and major routes, providing convenient access for commuting and everyday errands. It is also close to Mount Wachusett Community College (MWCC) and Dunn Park.
For full two-family use, a second egress may be required. A new roof was installed in August 2024, and the seller is in the process of clearing a title issue, so some flexibility in the closing date will be required.
Key Highlights
- Two‑level home with two eat‑in kitchens, two full baths, and a layout that can be used as a 2‑family or spacious single‑family
- First floor: eat‑in kitchen with abundant cabinet space, formal dining room, living room, 1 bedroom, and full bath
- Second floor: eat‑in kitchen with ample cabinetry, 3 bedrooms, and a full bath
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 | $34.2k | $19.80 |
| − Vacancy | −$845 | −$0.49 |
| EGI | $33.4k | $19.31 |
| − OpEx | −$10.0k | −$5.79 |
| NOI | $23.4k | $13.52 |
1,728 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.7K
$292.0K – $389.3K
NOI $23,359 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,328 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$590.1K
$516.3K – $688.4K
NOI $41,306 @ 7.0% cap · market cap 10.33%
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 - Versatile two-level home with two eat-in kitchens, two full baths, and private enclosed porches, plus a roof installed in 2024.
Where is this duplex located?
The property is located at 158 Oak Street Gardner, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑level home with two eat‑in kitchens, two full baths, and a layout that can be used as a 2‑family or spacious single‑family; First floor: eat‑in kitchen with abundant cabinet space, formal dining room, living room, 1 bedroom, and full bath; Second floor: eat‑in kitchen with ample cabinetry, 3 bedrooms, and a full bath
