Two-Unit Duplex with Detached
For Sale
$385,000
Pending
287 Pine St, Gardner, MA 01440
Residential Income, Gardner, MA
Property Size1,738 SF
Lot Size0.18 Acres
Days on Market105
Property Features for 287 Pine St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Parking
5
Elementary school
Gardner
Middle school
Gardner
High school
Gardner
Directions
GPS is best, Park in either driveway
Standard status
Pending
APN
M:0R22 B:0016 L:0042,3536733
Size
1,738 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4495
Amenities
basement laundry
in-unit laundry hookups
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty North Central
(978) 840-9000
Listed By:
Rochelle Jonswold
(978) 860-3609
Added: Jun 24
Changed: Sep 23
Last Checked: Oct 6 at 1:06AM
MLS# 73540960
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.
Investment Insights
Based on property information with market context.
This two-unit duplex offers separate living spaces and will be delivered vacant. The first-floor residence includes one bedroom, with the option to add a second, along with laundry access in the basement. Upstairs, the second residence provides two bedrooms and in-unit laundry hookups. Hardwood flooring is featured in both units, and the property includes off-street parking plus a detached garage.
Set on a 0.1845-acre lot in Gardner, the property is within walking distance of grocery shopping and bus routes. The building was constructed in 1910 and is designated R1. Its two-unit layout, vacant delivery, and separate laundry arrangements support flexible occupancy planning for a buyer.
Set on a 0.1845-acre lot in Gardner, the property is within walking distance of grocery shopping and bus routes. The building was constructed in 1910 and is designated R1. Its two-unit layout, vacant delivery, and separate laundry arrangements support flexible occupancy planning for a buyer.
Key Highlights
- Two‑unit duplex with both residences delivered vacant
- First‑floor 1‑bedroom unit with option to add a second bedroom
- Second‑floor 2‑bedroom unit with in‑unit laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,494
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,880
$469.9K
Cap Rate 7%
$335,629
$335.6K
Cap Rate 9%
$261,044
$261.0K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$34.4K $19.80/SF
− Vacancy
−$850 −$0.49/SF
EGI
$33.6K $19.31/SF
− OpEx
−$10.1K −$5.79/SF
NOI
$23.5K $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%
$469,880
Cap Rate 7%
$335,629
Cap Rate 9%
$261,044
Alternative Uses
Best Use
Multifamily LT 5
$335.6K
$293.7K – $391.6K
NOI $23,494 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,446 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$593.5K
$519.3K – $692.4K
NOI $41,545 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family property with separate living spaces, hardwood floors, laundry facilities, and off-street parking.
Where is this duplex located?
The property is located at 287 Pine St Gardner, MA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences delivered vacant; First‑floor 1‑bedroom unit with option to add a second bedroom; Second‑floor 2‑bedroom unit with in‑unit laundry hookups
