
123 Saunders Street Gardner — Photo 1 of 42
$519,900
Investment Analysis — 123 Saunders Street
Gardner, MA 01440
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01440 carries an estimated $2,000/mo in gross rent — about a 2.34% cap rate and $12,180/yr in estimated NOI at the $519,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,102
Style
Single Family
Built
1986
Offered for the first time by its original owner! Set on approximately 3.5 acres, this spacious Cape offers a rare combination of privacy, room to spread out and a convenient Gardner location. A long paved drive welcomes you to this well-loved home, surrounded by a beautiful wooded setting while remaining convenient to Route 2 and area amenities. With approximately 2,102 sq. ft. of living area, the home features 3 bedrooms and 2 full baths with a flexible floor plan designed for comfortable everyday living.A standout feature is the generously sized first-floor main bedroom and full bath, providing an excellent opportunity for those seeking the convenience of single-level living. The main level offers multiple spaces for gathering and entertaining, including a fireplaced living room with wood flooring and French doors, a spacious dining room with wood floors, bay window and built-ins, and a warm, inviting family room with cathedral ceiling, abundant natural woodwork and direct access to the deck. The kitchen features extensive cabinetry, a breakfast bar, recessed lighting and an open connection to the adjoining living space.Upstairs are two additional generously sized bedrooms, including one with a walk-in closet, along with a second full bath. The full unfinished basement provides substantial additional space for storage, hobbies, workshop needs or future possibilities.The approximately 3.5-acre lot is a feature all its own, offering an impressive amount of outdoor space in a wooded setting that feels tucked away from the everyday. Enjoy the deck, storage shed, paved driveway and attached two-car garage with garage door opener and convenient side entry. Additional features include 200-amp electrical service, central vacuum, whole-house fan, broadband availability, recent roofing and a passed Title 5.Commuters will appreciate convenient access to Route 2, while shopping, restaurants, golf, medical facilities and other area amenities are nearby. Parks, trails and outdoor recreation opportunities throughout the Gardner area add even more to the location. After decades with its original owner, 123 Saunders Street is ready for its next chapter and offers a wonderful opportunity to bring your own ideas and personal touches to a home with space, character, acreage and an exceptionally versatile layout.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,102 sq ft principal dwelling). Lot size: 152,347 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19.5 x 13.083333333
Ceiling Fan(s), Flooring - Wood, French Doors
Dining Room
Lvl First13.5 x 15.833333333
Ceiling Fan(s), Flooring - Wood, Window(s) - Bay/Bow/Box, French Doors, Open Floorplan
Kitchen
Lvl First13.5 x 9.25
Flooring - Vinyl, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting
Family Room
Lvl First13.833333333 x 11.25
Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Deck - Exterior
Master Bedroom
Lvl First23 x 13.25
Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second15.833333333 x 13.083333333
Bedroom 3
Lvl Second13.25 x 11.333333333
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Main,First7.916666666 x 7.916666666
Bathroom - Full, Bathroom - With Tub, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl Second10.75 x 5.833333333
Bathroom - Full, Bathroom - With Tub, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Pocket Door
Listing Agent: Kurt Thompson
Listing Office: RE/MAX Liberty
MLS® Number: 73567810