287 Pine St, Gardner, MA 01440
Well-maintained two-family home with separate living areas, hardwood floors, and off-street parking.
- Added:
- Jun 24, 2026
- Days on Market:
- 13
- Last Refresh:
- Jul 1 at 2:10 am
Property Features for 287 Pine St
General Information
- Standard status
- Active
- Size
- 1,738 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing office Keller Williams Realty North Central (508) 783-5342
Listing date Jun 24, 2026
Source Lockandkeyre
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
HighLights
- Well‑maintained two‑family home built in 1910 with separate living areas
- First‑floor unit: 1‑bedroom layout with option to add a second bedroom
- Second‑floor unit: 2 bedrooms with functional floor plan and laundry hookups in unit
- Basement laundry available for the first‑floor unit, plus hardwood floors in both units
- Off‑street parking and a detached garage offering potential additional income
- One unit potentially delivered empty
Overview
Off-street parking is available for residents and guests, and there is a detached garage on the property that may support additional income potential. Public remarks indicate one unit could potentially be delivered empty, which may be a helpful consideration for owner-occupants or buyers planning near-term occupancy changes.
The property is well suited for investors seeking rental income with independently maintained units, as well as owner-occupants who prefer to live in one unit while renting the other. With laundry amenities, hardwood flooring, and a straightforward two-level configuration, it offers practical functionality for a variety of residential income strategies.
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 | $34.4k | $19.80 |
| − Vacancy | −$850 | −$0.49 |
| EGI | $33.6k | $19.31 |
| − OpEx | −$10.1k | −$5.79 |
| NOI | $23.5k | $13.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gardner
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.9918264
- Latitude
- 42.5708818
