Active
4 Days on market
201 Union Street Gardner — Photo 1 of 35

201 Union Street Gardner — Photo 1 of 35

$299,900

Investment Analysis — 201 Union 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 4.88% cap rate and $14,641/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,339

Style

Single Family

Built

1900

This three bedroom Cape style home with large wrap around porch and nice size yard is perfect for an active family. The recent improvements, including new vinyl siding 2022, roof 2021, heating system 2015, oil tank 2025, hot water heater 2021 +/-, offer great value to this property. You will appreciate the large kitchen with abundant working area, and the open family room on the second floor allows for additional living space. The first floor laundry is another plus. Some parts of the interior however could use cosmetic work. This would be attractive for a low cost flipper or motivated Buyer. This one should be viewed to fully appreciate. Showings start Saturday 9/12 by appointment.

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: 670 sq ft (the lesser of 900 sq ft or half the 1,339 sq ft principal dwelling). Lot size: 6,286 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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$299,900
Annual Taxes--

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms7
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

HeatingForced Air, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter, Stone, Brick/Mortar
ZoningResidental

Property & Lot

Acres0.14
SqFt Lot6,286
Lot FeaturesCleared, Gentle Sloping

Amenities & Appliances

Electric Water Heater

Neighborhood

Public Transportation • Park • Walk/Jog Trails • Golf • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Family RoomMaster BedroomBedroom 2Bedroom 3
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors

Kitchen
Lvl First
Family Room
Lvl Second

Skylight, Ceiling Fan(s), Flooring - Wood

Master Bedroom
Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Vinyl, Double Vanity, Dryer Hookup - Electric, Washer Hookup

Listing Provided By

Listing Agent: Jackie Leger

Listing Office: Jackie Leger Real Estate Services

MLS® Number: 73573675