3-Unit Triplex with
New
For Sale
$615,000
49 Abbott Street, Gardner, MA 01440
Each residence has an eat-in kitchen, living and dining areas, and its own heating system.
Property Size4,302 SF
Lot Size0.35 Acres
Price / SF$142.96
Days on Market5
Property Features for 49 Abbott Street
General Information
Standard status
Active
Size
4,302 SF
Total Parking Spaces
9
Lot size
0.35 Acres
Property subtype
3 Family
Occupancy
100%
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Tenant in Place
Yes
Building Details
Year Built
1924
Listing Agency:
Century 21 North East
(978) 208-0449
Listed By:
Fermin Group
(978) 423-6545
Source:
Lockandkeyre
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 24 at 6:27PM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
Built in 1924, this three-unit property at 49 Abbott Street in Gardner contains 4,302 square feet. The building offers 9 bedrooms and 3 full bathrooms, with each apartment arranged with three bedrooms, an eat-in kitchen, and living and dining areas. Interior details include hardwood flooring, original woodwork, and clawfoot tubs. Front and rear porches serve the residences, and Unit 1 has a separate entrance.
The property occupies a 0.35-acre lot with 9 off-street parking spaces and water views. Crystal Lake Park is nearby. All three units are occupied. Separate heating systems and a full basement are also part of the property; the basement has potential for coin-operated laundry.
The property occupies a 0.35-acre lot with 9 off-street parking spaces and water views. Crystal Lake Park is nearby. All three units are occupied. Separate heating systems and a full basement are also part of the property; the basement has potential for coin-operated laundry.
Key Highlights
- Three apartments with 9 bedrooms and 3 full bathrooms across 4,302 square feet
- Each unit has 3 bedrooms, an eat‑in kitchen, and living and dining areas
- 0.35‑acre parcel with 9 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,609
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,180
$1.0M
Cap Rate 7%
$722,986
$723.0K
Cap Rate 9%
$562,322
$562.3K
Market Conditions
NOI Build-Up for 4,302 SF
Gross rent
$94.5K $21.96/SF
− Vacancy
−$2.5K −$0.57/SF
EGI
$92.0K $21.39/SF
− OpEx
−$41.4K −$9.63/SF
NOI
$50.6K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,180
Cap Rate 7%
$722,986
Cap Rate 9%
$562,322
Alternative Uses
Best Use
Multifamily LT 5
$830.8K
$726.9K – $969.2K
NOI $58,153 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$723.0K
$632.6K – $843.5K
NOI $50,609 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.47M
$1.29M – $1.71M
NOI $102,835 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
755
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?
Triplex - Each residence has an eat-in kitchen, living and dining areas, and its own heating system.
Where is this triplex located?
The property is located at 49 Abbott Street Gardner, MA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Three apartments with 9 bedrooms and 3 full bathrooms across 4,302 square feet; Each unit has 3 bedrooms, an eat‑in kitchen, and living and dining areas; 0.35‑acre parcel with 9 off‑street parking spaces
