Duplex with Garage and
New
For Sale
$399,000
50 Ash St, Gardner, MA 01440
Two-unit property includes an oversized garage, workshop, deck, and off-street parking near downtown Gardner.
Lot Size0.26 Acres
Days on Market3
Property Features for 50 Ash St
General Information
Standard status
Active
Total Parking Spaces
10
Lot size
0.26 Acres
Property subtype
Investment
Amenities
deck
workshop
Building Details
Building Size
2,250 SF
Year Built
1880
Tenancy
Multi
Listing Agency:
(978) 337-9745
Listed By:
Jeffrey Bastress
(978) 337-9745
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 10:30AM
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 Jeffrey Bastress
Investment Insights
Based on property information with market context.
This duplex at 50 Ash St features two residential units with a combined configuration of 4 bedrooms and 3.5 bathrooms. The property sits on a 0.26-acre lot and includes a newly painted deck, 8-car off-street parking, and an oversized 2-car garage with workshop space. Built in 1880, the home offers a classic residential structure with practical outdoor and accessory improvements.
The property is located near downtown Gardner, shopping, restaurants, schools, parks, and major commuter routes. Its two-unit layout supports the owner-occupant and rental-income uses described for the property, while furniture and other items in the home are negotiable.
The property is located near downtown Gardner, shopping, restaurants, schools, parks, and major commuter routes. Its two-unit layout supports the owner-occupant and rental-income uses described for the property, while furniture and other items in the home are negotiable.
Key Highlights
- Duplex with a combined 4 bedrooms and 3.5 bathrooms
- 0.26‑acre lot with a newly painted deck
- 8‑car off‑street parking
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 | $44.6k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $43.4k | $19.31 |
| − OpEx | −$13.0k | −$5.79 |
| NOI | $30.4k | $13.52 |
2,250 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.5K
$380.2K – $506.9K
NOI $30,415 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$378.1K
$330.9K – $441.2K
NOI $26,469 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$768.3K
$672.3K – $896.4K
NOI $53,784 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
630
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property includes an oversized garage, workshop, deck, and off-street parking near downtown Gardner.
Where is this duplex located?
The property is located at 50 Ash St Gardner, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex with a combined 4 bedrooms and 3.5 bathrooms; 0.26‑acre lot with a newly painted deck; 8‑car off‑street parking
