Two-Unit Duplex with Off-Street
For Sale
$410,000
Pending
193 Logan St, Gardner, MA 01440
Residential Income, Gardner, MA
Property Size2,242 SF
Lot Size0.11 Acres
Days on Market47
Property Features for 193 Logan St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Parking
4
Directions
Pine St to Logan.
Standard status
Pending
APN
M:0R22 B:0016 L:0029,3536655
Size
2,242 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4730
Building Details
Year built
1916
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty North Central
Listed By:
Rochelle Jonswold
(978) 840-9000
Added: Sep 9
Changed: Oct 24
Last Checked: Oct 25 at 8:06AM
MLS# 73574298
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1916 duplex contains approximately 2,242 square feet of living space across two residential units. Each unit is configured with 2 bedrooms, 1 bathroom, a living room, dining room, and kitchen. Interior details include hardwood floors, built-in features, woodwork, and an enclosed porch, while the property also includes a full basement and off-street parking. City water and sewer serve the building.
The property sits on a 0.1064-acre lot at 193 Logan St in Gardner, Massachusetts, within Worcester County. Shopping, parks, walking trails, golf, medical facilities, and highway access are identified in the surrounding area. R1 zoning applies to the property.
The property sits on a 0.1064-acre lot at 193 Logan St in Gardner, Massachusetts, within Worcester County. Shopping, parks, walking trails, golf, medical facilities, and highway access are identified in the surrounding area. R1 zoning applies to the property.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- Approximately 2,242 square feet of living space
- Built in 1916 on a 0.1064‑acre lot
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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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
846
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature hardwood floors, built-ins, enclosed porch, basement storage, and separate living, dining, and kitchen areas.
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 2 bedrooms and 1 bathroom in each unit; Approximately 2,242 square feet of living space; Built in 1916 on a 0.1064‑acre lot
