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INVESTMENT SNAPSHOT
About this property
This 3-unit investment property is ideally located near downtown Gardner and offers strong potential for steady returns. The building consists of three units: one 3-bedroom/1-bath, one 2-bedroom/1-bath, and one 1-bedroom/1-bath. The property has benefited from several capital improvements and cost-saving upgrades over the years, including vinyl siding repairs, updated electrical systems, a new roof installed in 2024, newer exterior stairs and decking, some ceiling and drywall repair, and a recently installed boiler. Units one and two are currently tenant-at-will (non-paying), presenting an opportunity for an investor to stabilize rents and increase overall income. With low operating expenses—tenants are responsible for their own heat and electricity—this property offers an attractive investment profile. With proper rental management and potential value-add improvements, this building presents a solid opportunity to generate consistent cash flow and long-term profit.
Property details
| Units | 3 |
| Living area | 3,914 sqft |
| Lot size | 10,454 sqft |
| Year built | 1900 |
| Price / sqft | $115 |
| County | Worcester |
| MLS # | 73510901 |
Listing status
| Days on market | 4 days |
| Listed on | April 30, 2026 |
Taxes & financials
| Annual property tax | $5,160 |
| Tax year | 2026 |
| Assessed value | $359,300 |
| Zoning | R |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.24 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Shared Driveway, Off Street |
| Basement | Full, Walk-Out Access, Concrete, Unfinished |
| Foundation | Concrete Perimeter, Stone, Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Varies |
Utilities & systems
| Heating | Baseboard, Natural Gas, Electric |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator |
Location
More about investing in Gardner →
Listing courtesy of Elm Grove Realty, LLC — Michelle Peterson. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 274 Pleasant St, Gardner MA 01440 have?
It is a 3-unit multi-family property with 3,914 sqft of living area, built in 1900.
How long has 274 Pleasant St, Gardner MA 01440 been on the market?
274 Pleasant St, Gardner MA 01440 has been listed for 4 days (since April 30, 2026).
What is the estimated cap rate on this 3-family in Gardner?
Based on area median rents, the estimated cap rate is about 6.8%, with a Signal Score of 97/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $450,000 across 3 units, that works out to roughly $150,000 per unit.
What are the property taxes on 274 Pleasant St, Gardner MA 01440?
Annual property taxes are $5,160 (2026), on an assessed value of $359,300.
What is the price per square foot?
At $450,000 for 3,914 sqft, that's about $115 per square foot.
Is there parking?
5 total parking spaces (shared driveway, off street).
Where is this property located?
274 Pleasant St, Gardner MA 01440 is in Gardner, Worcester County, MA 01440.
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