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Sold on 05/14/2024

199 Main St, Gardner, MA 01440

$461,201

Last sold 05/14/2024 for $513K

  • 7

    bed

  • 5

    bath

  • 4,110

    Sqft ($125/Sqft)

Multi-family not for sale
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About 199 Main St

Property type Multi-family
Year built 1900
HOA fee $0/month
Lot size 6,725 Sqft
Movoto estimate
Property description
Fully occupied and brimming with potential, this 5-unit property nestled in the heart of Gardner presents an unparalleled investment opportunity. With four 1 bed, 1 bath units and one 3 bed, 1 bath unit, there's versatility to cater to various tenant preferences. Additionally, two units offer the exciting possibility of conversion into spacious 2 bed units, amplifying rental income potential. Separate electrical utilities. Situated in the highly sought-after city of Gardner, this property is a rare find in a coveted location with steady rental demand. Explore flexible financing options with potential seller financing. This is your exclusive opportunity to unlock the full potential of this investment gem. Seller financing may be available. The seller may also be open to selling as a package deal with 59 Church Street, Leominster, MA. Showings every Saturday, 11-12 by appointment only. All parties to be accompanied by a Buying Agent.
Listed by
Listing Agent - The Merrill Group
Listing Office - Naples Realty Group
Source: MLS Property Information Network, Inc. mls logo
MLS#73216591 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 4 minutes ago
Overview
Heating Oil
Levels/Style 5, 5
MLS # 73216591
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Up/Down
SqFt 4110
Lot Size (SqFt) 6725
Lot Size (Acres) 0.15
Annual Property Tax 4965
Year Built 1900
Interior
Total # of Bathrooms 5
# Full Baths 5
Total # of Bedrooms 7
Basement Full
Total # of Rooms 22
Appliances Range, Refrigerator
Exterior
Foundation Stone
Parking Desc Paved Drive, Shared Driveway
# Parking Spaces 6
Lot Desc Easements
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Worcester
Elementary School Per Dese
Middle School Per Dese
High School Per Dese
Zoning Per Town
APN 3536220
Directions Route 2 To Main St.
Multifamily Details
Net Operating Income 28322
Operating Expense 25258
Total Actual Rent 4745
Gross Income 52560
$461K
Range: $415K-$507K
Last 30 days 
  • Oct 2024
    mls logo MLS # 73216591
  • Oct 4, 2024 Sold
    $513,000
  • May 15, 2024 Active
    —
  • Mar 26, 2024 Listed
    $513,000 (+68.2%)
  • Sep 2021
    mls logo MLS # 72701808
  • Sep 4, 2021 Sold
    $305,000 (-10.0%)
  • Nov 13, 2020 Price Change
    $339,000 (-2.9%)
  • Jul 31, 2020 Listed
    $349,000 (+75.4%)
  • Mar 2019
    mls logo MLS # 72463768
  • Mar 12, 2019 Listed
    $199,000
  • 199 Main St
    $513K
  • —
  • 01440
    $375K +8% y/y
  • Gardner
    $395K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
Gardner High School
public Grades 8-12
Gardner School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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