Duplex with
New
For Sale
$349,900
340 Park St, Gardner, MA 01440
Residential Income, Gardner, MA
Property Size1,750 SF
Lot Size0.17 Acres
Price / SF$199.94
Days on Market4
Property Features for 340 Park St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
Parking
3
Directions
The house is on the corner of Nadeau and Park Street
Standard status
Active
APN
M:0M32 B:0024 L:0024,3535895
Size
1,750 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3872
Amenities
play yard
off street parking
laundry
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Buildings
1
Listing Agency:
Keller Williams Realty North Central
Listed By:
Rochelle Jonswold
(978) 840-9000
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 25 at 8:06AM
MLS# 73594659
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 1,750-square-foot duplex contains two apartments, each with two bedrooms. The property was built in 1900 and has had updates within the past two years. A basement-level family room, laundry area, and half bath add shared-use space. The 0.1729-acre corner parcel is fenced and includes outbuildings and off-street parking.
Key Highlights
- Two apartments, each with 2 bedrooms
- 1,750 square feet; built in 1900
- 0.1729‑acre fenced corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,656
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,120
$473.1K
Cap Rate 7%
$337,943
$337.9K
Cap Rate 9%
$262,844
$262.8K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$34.7K $19.80/SF
− Vacancy
−$856 −$0.49/SF
EGI
$33.8K $19.31/SF
− OpEx
−$10.1K −$5.79/SF
NOI
$23.7K $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%
$473,120
Cap Rate 7%
$337,943
Cap Rate 9%
$262,844
Alternative Uses
Best Use
Multifamily LT 5
$337.9K
$295.7K – $394.3K
NOI $23,656 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$294.1K
$257.3K – $343.1K
NOI $20,587 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$597.6K
$522.9K – $697.2K
NOI $41,832 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
308
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments are complemented by off-street parking and a fenced corner lot.
Where is this duplex located?
The property is located at 340 Park St Gardner, MA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms; 1,750 square feet; built in 1900; 0.1729‑acre fenced corner lot
