Duplex with Two Three-Bedroom
New
For Sale
$450,000
6 Church St, Gardner, MA 01440
A corner-lot residence combines separate exterior entrances with a shared sun porch and fenced backyard.
Property Size2,456 SF
Price / SF$183.22
Days on Market2
Property Features for 6 Church St
General Information
Standard status
Active
Size
2,456 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
R1
Net Operating Income
$48,000
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,975
Amenities
sun porch
fenced-in backyard
walk-up attic
Building Details
Building Size
2,456 SF
Year Built
1920
Stories
2
Listing Agency:
LAER Realty Partners
Listed By:
Kelly LaGrassa
Source:
Laerrealty
Added: Oct 16
Last Checked: Oct 16 at 2:11PM
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 LAER Realty Partners
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Investment Insights
Based on property information with market context.
This 2,456-square-foot duplex, built in 1920, contains two units, each with three bedrooms and its own exterior entrance. Kitchens and dining areas are combined in both units. Shared features include a sun porch, a fenced backyard, and a walk-up attic for storage. New electrical panels are also in place.
The property occupies a corner lot at 6 Church St in Gardner, Massachusetts, and is zoned R1. The same family owned it for more than 50 years.
The property occupies a corner lot at 6 Church St in Gardner, Massachusetts, and is zoned R1. The same family owned it for more than 50 years.
Key Highlights
- Two units, each with 3 bedrooms
- 2,456 square feet; built in 1920
- Corner lot at 6 Church St in Gardner, MA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,199
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,980
$664.0K
Cap Rate 7%
$474,271
$474.3K
Cap Rate 9%
$368,878
$368.9K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$48.6K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$47.4K $19.31/SF
− OpEx
−$14.2K −$5.79/SF
NOI
$33.2K $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%
$663,980
Cap Rate 7%
$474,271
Cap Rate 9%
$368,878
Alternative Uses
Best Use
Multifamily LT 5
$474.3K
$415.0K – $553.3K
NOI $33,199 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$412.7K
$361.2K – $481.5K
NOI $28,892 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$838.7K
$733.9K – $978.5K
NOI $58,708 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
290
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A corner-lot residence combines separate exterior entrances with a shared sun porch and fenced backyard.
Where is this duplex located?
The property is located at 6 Church St Gardner, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms; 2,456 square feet; built in 1920; Corner lot at 6 Church St in Gardner, MA
