Two-Property Triplex
New
For Sale
$1,080,000
17/27 Regan St, Gardner, MA 01440
Two adjoining residential properties offer separate deeds, utilities, and a combined six-unit apartment mix.
Property Size6,437 SF
Price / SF$167.78
Days on Market4
Property Features for 17/27 Regan St
General Information
Standard status
Active
Size
6,437 SF
Total Parking Spaces
12
Zoning
R1
Units
Unit Mix
5 x 3BR, 1 x 2BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$12,608
Building Details
Building Size
6,437 SF
Year Built
1900
Buildings
2
Listing Agency:
LAER Realty Partners
Listed By:
Michele Mathieu · License #9036915
(617) 304-2770
Source:
Laerrealty
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 8:21PM
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.
The offering combines two adjoining triplex properties at 17 and 27 Regan Street in Gardner. Together, they contain six residential units: five three-bedroom apartments and one two-bedroom apartment. The properties have separate utilities, and 27 Regan Street has updates throughout. The combined package includes 12 parking spaces and is zoned R1.
Key Highlights
- Two adjoining triplex properties offered as a six‑unit package
- Six residential units: five 3‑bedroom apartments and one 2‑bedroom apartment
- 12 parking spaces across the properties
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,013
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,740,260
$1.7M
Cap Rate 7%
$1,243,043
$1.2M
Cap Rate 9%
$966,811
$966.8K
Market Conditions
NOI Build-Up for 6,437 SF
Gross rent
$127.5K $19.80/SF
− Vacancy
−$3.1K −$0.49/SF
EGI
$124.3K $19.31/SF
− OpEx
−$37.3K −$5.79/SF
NOI
$87.0K $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%
$1,740,260
Cap Rate 7%
$1,243,043
Cap Rate 9%
$966,811
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,013 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$1.08M
$946.6K – $1.26M
NOI $75,725 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,870 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
652
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?
Triplex - Two adjoining residential properties offer separate deeds, utilities, and a combined six-unit apartment mix.
Where is this triplex located?
The property is located at 17/27 Regan St Gardner, MA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two adjoining triplex properties offered as a six‑unit package; Six residential units: five 3‑bedroom apartments and one 2‑bedroom apartment; 12 parking spaces across the properties
