
274 Pleasant St Gardner — Photo 1 of 20
$450,000
Gardner, MA 01440
Beds
6
Baths
3
SqFt
3,914
Style
3 Family - 3 Units Up/Down
Built
1900
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.
* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Gardner, MA.
Range • Refrigerator
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf
21,276
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$67K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
40.9%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Michelle Peterson
Listing Office: Elm Grove Realty, LLC
MLS® Number: 73510901
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