339 Chestnut Street Gardner — Photo 1 of 40
Recent Drop: $35,000
$614,999
Investment Analysis — 339 Chestnut Street
Gardner, MA 01440
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-unit multi-family in 01440 carries an estimated $5,460/mo in gross rent — about a 7.06% cap rate and $43,439/yr in estimated NOI at the $614,999 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
3,298
Style
4 Family
Built
1920
Well-maintained four-unit multifamily property offering a blend of classic New England charm and thoughtful updates. Most units feature exposed beams, adding warmth and character throughout. Units 2 and 3 have been tastefully renovated, while Units 1 and 4 feature custom woodwork, appealing to those who appreciate timeless craftsmanship. The property includes an oversized garage with five under-building spaces, plus a detached garage (23'x28' +/-) with two additional bays, ideal for parking, storage, or potential additional income opportunities. Two units are currently occupied by long-term tenants, providing stable rental income. Perfect for owner-occupants or investors seeking immediate cash flow. A rare opportunity to own a versatile, income-generating property with both charm and upside potential. Studio apartment not included in total bedroom count. Two front units side-by-side. Two rear units stacked.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Refrigerator • Freezer
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf
Geography
Property History
$614,999
Was $634,999
Aug 11, 2026
MLS® 73533499
$634,999
Was $649,999
Jul 7, 2026
MLS® 73533499
$649,999
Jun 10, 2026
MLS® 73533499
Listing Agent: Jennifer Farnsworth
Listing Office: Barrett Sotheby's International Realty
MLS® Number: 73533499