34 Connors St Gardner — Photo 1 of 6
$1,500,000
Investment Analysis — 34 Connors St
Gardner, MA 01440
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 16-unit multi-family in 01440 carries an estimated $20,160/mo in gross rent — about a 12.26% cap rate and $183,858/yr in estimated NOI at the $1,500,000 list price. Adjust every assumption in the calculator below.
Beds
16
Baths
16
SqFt
7,130
Style
Duplex
Built
1920
PROPERTY DESCRIPTION34 Connors Street and 31 City Hall Avenue in downtownGardner offer a unique opportunity for owner-users,investors, and residential developers. The buildings can bedelivered vacant and occupied as-is for office, medical,educational, or mixed-use purposes.Alternatively, the property is fully permitted for 16residential apartment units while retaining approximately4,000 square feet of ground-floor retail at 34 ConnorsStreet. The property also includes seven surface parkingspaces and 16 owned underground parking spaces.Located 2 miles from RT 2 and 16 miles from I-190, withboth immediate occupancy and redevelopment potential,the property offers significant flexibility for a variety ofusers and investors.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Listing Agent: Chloe Stubblebine
Listing Office: The Stubblebine Company
MLS® Number: 73567439