Duplex with Enclosed
New
For Sale
$390,000
52 Bancroft St, Gardner, MA 01440
Two apartments offer generous room sizes, off-street parking, a garage, and additional enclosed porch space.
Days on Market3
Property Features for 52 Bancroft St
General Information
Standard status
Active
Property subtype
Investment
Amenities
enclosed porches
rear deck
walk-up attic
Building Details
Building Size
2,608 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
(508) 797-2343
Listed By:
Tina Landry
(508) 797-2343
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 3:45AM
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 Tina Landry
Investment Insights
Based on property information with market context.
This two-family duplex at 52 Bancroft St includes two apartments, each with two bedrooms, a large living room, an oversized kitchen, and an enclosed porch providing additional space. Generous room sizes support an owner-occupied arrangement or continued use as a two-unit property. A rear deck overlooks the backyard, while off-street parking and a garage add convenience. The walk-up attic provides storage, and the property was built in 1925.
The home is located near downtown Gardner, shopping, restaurants, parks, and major commuter routes. The surrounding area is car-dependent, with a Walk Score of 14 and a Bike Score of 19, classified as Somewhat Bikeable.
The home is located near downtown Gardner, shopping, restaurants, parks, and major commuter routes. The surrounding area is car-dependent, with a Walk Score of 14 and a Bike Score of 19, classified as Somewhat Bikeable.
Key Highlights
- Two‑family duplex with two apartments, each offering two bedrooms
- Large living rooms and oversized kitchens in both apartments
- Enclosed porches provide additional space
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 | $51.6k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $50.4k | $19.31 |
| − OpEx | −$15.1k | −$5.79 |
| NOI | $35.3k | $13.52 |
2,608 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.6K
$440.7K – $587.6K
NOI $35,254 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$438.3K
$383.5K – $511.3K
NOI $30,680 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$890.6K
$779.3K – $1.04M
NOI $62,342 @ 7.0% cap · market cap 15.99%
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
860
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 apartments offer generous room sizes, off-street parking, a garage, and additional enclosed porch space.
Where is this duplex located?
The property is located at 52 Bancroft St Gardner, MA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑family duplex with two apartments, each offering two bedrooms; Large living rooms and oversized kitchens in both apartments; Enclosed porches provide additional space
