Two-Family Residential Income
52 Bancroft St Gardner, MA 01440
New
For Sale
$390,000
MULTI_FAMILY - Gardner, MA
Property Size2,608 SF
Lot Size0.18 Acres
Price / SF$149.54
Days on Market2
Property Features for 52 Bancroft St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2
Parking
7
Standard status
Active
APN
3535769
Size
2,608 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4781
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty North Central
(978) 840-9000
Listed By:
Rochelle Jonswold
(978) 840-9000
Added: Jul 29
Last Checked: Jul 30 at 7:06AM
MLS# 73556167
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-family residence offers two spacious apartments, each with large living rooms, an oversized kitchen, two bedrooms, and an enclosed porch for additional indoor space. The property also includes a rear deck overlooking the backyard, off-street parking, and a garage. A walk-up attic provides additional storage.
Located in Gardner, Massachusetts, the home is described as convenient to downtown Gardner, shopping, restaurants, parks, and major commuter routes.
On a lot of 0.1763 acres, the property size is listed as 2,608 square feet. Zoning is listed as R1.
Located in Gardner, Massachusetts, the home is described as convenient to downtown Gardner, shopping, restaurants, parks, and major commuter routes.
On a lot of 0.1763 acres, the property size is listed as 2,608 square feet. Zoning is listed as R1.
Key Highlights
- Two‑family home built in 1925 with spacious layouts in both units
- Each unit features large living rooms and oversized kitchens
- Two bedrooms per unit, with 2 bathrooms total
Financial Insights For Apartment 5plus
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 | $57.3k | $21.96 |
| − Vacancy | −$1.5k | −$0.57 |
| EGI | $55.8k | $21.39 |
| − OpEx | −$25.1k | −$9.63 |
| NOI | $30.7k | $11.76 |
2,608 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$438.3K
$383.5K – $511.3K
NOI $30,680 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-unit home with two bedrooms per unit, enclosed porches, a rear deck, and off-street parking.
Where is this multifamily property 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 home built in 1925 with spacious layouts in both units; Each unit features large living rooms and oversized kitchens; Two bedrooms per unit, with 2 bathrooms total
