Two-Unit Duplex with Off-Street
For Sale
$410,000
Pending
193 Logan St, Gardner, MA 01440
Gardner duplex with flexible unit layouts, enclosed porch, basement storage, and municipal water and sewer service.
Property Size2,242 SF
Days on Market50
Property Features for 193 Logan St
General Information
Standard status
Pending
Size
2,242 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,730
Amenities
enclosed porch
off-street parking
Building Details
Building Size
2,242 SF
Year Built
1916
Stories
2
Units
2
Listing Agency:
Keller Williams Realty North Central
Listed By:
Linda Anderson · License #454501089
(978) 660-8268
Source:
Elliman
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 28 at 9:13AM
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 Keller Williams Realty North Central
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Investment Insights
Based on property information with market context.
Built in 1916, this two-family duplex provides approximately 2,242 sq ft of living space. Each unit is arranged with 2 bedrooms, 1 bath, a living room, dining room, and kitchen, while the room proportions allow flexibility for alternate household or workspace needs. Hardwood floors, built-in features, woodwork, and other period details add character throughout the property. An enclosed porch and full basement provide additional usable areas.
The property includes off-street parking and is served by city water and sewer. Shopping, parks, walking trails, golf, medical facilities, and highway access are all noted in the surrounding area. The address also carries a walkScore of 61 and a bikeScore of 44, both classified as somewhat walkable or bikeable, respectively.
The property includes off-street parking and is served by city water and sewer. Shopping, parks, walking trails, golf, medical facilities, and highway access are all noted in the surrounding area. The address also carries a walkScore of 61 and a bikeScore of 44, both classified as somewhat walkable or bikeable, respectively.
Key Highlights
- Two‑unit duplex with approximately 2,242 sq ft of living space
- Each unit includes 2 bedrooms, 1 bath, living room, dining room, and kitchen
- Built in 1916 with hardwood floors, built‑ins, and detailed woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,307
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,140
$606.1K
Cap Rate 7%
$432,957
$433.0K
Cap Rate 9%
$336,744
$336.7K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$44.4K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$43.3K $19.31/SF
− OpEx
−$13.0K −$5.79/SF
NOI
$30.3K $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%
$606,140
Cap Rate 7%
$432,957
Cap Rate 9%
$336,744
Alternative Uses
Best Use
Multifamily LT 5
$433.0K
$378.8K – $505.1K
NOI $30,307 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$376.8K
$329.7K – $439.6K
NOI $26,375 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$765.6K
$669.9K – $893.2K
NOI $53,593 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Gardner duplex with flexible unit layouts, enclosed porch, basement storage, and municipal water and sewer service.
Where is this duplex located?
The property is located at 193 Logan St Gardner, MA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,242 sq ft of living space; Each unit includes 2 bedrooms, 1 bath, living room, dining room, and kitchen; Built in 1916 with hardwood floors, built‑ins, and detailed woodwork
