255 Greenwood St Gardner — Photo 1 of 33
$375,000
Investment Analysis — 255 Greenwood St
Gardner, MA 01440
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 2-unit multi-family in 01440 carries an estimated $3,100/mo in gross rent — about a 6.34% cap rate and $23,771/yr in estimated NOI at the $375,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
1,953
Style
2 Family - 2 Units Up/Down
Built
1930
Welcome to 255 Greenwood St, a two-family home in the heart of Gardner offering the kind of flexibility buyers are looking for: a beautifully renovated unit ready for its next owner or tenant, immediate rental income from the second unit, and a large private yard to enjoy. Located close to downtown shopping and restaurants, parks, Route 2 and everyday amenities, this is a property that combines convenience with plenty of potential. Inside the first unit and you’ll find a fresh, inviting 3-bedroom, 1-bath space that has been fully renovated with new flooring, fresh paint, new cabinets and plenty of natural light. Vacant and move-in ready, it’s an ideal setup for an owner-occupant looking to live in one unit while generating rental income from the other, or for an investor adding a turnkey unit to their portfolio. The second unit is currently occupied by tenants-at-will and offers 2 bedrooms and 1 bath, providing immediate rental income. Electric and hot water is separately metered for each unit. The property currently has a shared oil heating system but can be converted to gas. The walkout basement includes a shared washer and dryer, as well as, common storage. Outside, the large, private yard lined with trees gives you room to entertain, relax or simply enjoy having more outdoor space. Off-street parking adds everyday convenience, while the sidewalk-lined street makes it convenient. The concrete pad near the driveway is the footprint of the former garage, with electricity available and potential to rebuild within the existing footprint. Whether you’re looking for a Gardner investment property or a two-family home with owner-occupant potential, 255 Greenwood St offers a lot to work with in a convenient location. Come take a look and see the possibilities for yourself!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Washer • Dryer • Range • Refrigerator
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Listing Agent: Sharie Warila
Listing Office: Keller Williams Realty Boston Northwest
MLS® Number: 73582078