Active
53 Days on market
90 Ridgewood Lane Gardner — Photo 1 of 12

90 Ridgewood Lane Gardner — Photo 1 of 12

$25,500,000

Investment Analysis — 90 Ridgewood Lane

Gardner, MA 01440

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, an estimated 5-unit multi-family in 01440 carries an estimated $6,300/mo in gross rent — about a -0.97% cap rate and $-248,544/yr in estimated NOI at the $25,500,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

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Baths

--

SqFt

--

Style

5-9 Family

Built

1972

Excellent Multifamily Offering: 90 Ridgewood Lane is a 288-unit garden-style condominium complex located in a quiet country setting close to downtown Gardner and across from Dunn State Park. This offering includes a package of 157 apartments units, comprising 54% ownership in the condo association. There is tremendous value add opportunity and upside potential. The complex is very well maintained and includes ample parking, a swimming pool, and playground. For more information please see FIRM REMARKS.

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 MLS and other third-party data may be inaccurate or out of date.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$25,500,000
Annual Taxes--

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
Zoning0

Property & Lot

Acres--
SqFt Lot--
Lot FeaturesLevel

Geography

Property History

Listed
$1,500

Aug 11, 2026

MLS® 73562031

Listed
$25,500,000

Jul 22, 2026

MLS® 73553269

Listed
$1,750

Jul 13, 2026

MLS® 73548877

Sold
$1,650

Apr 17, 2026

MLS® 73484329

Sold
$1,500

Mar 18, 2026

MLS® 73482039

Listed
$1,650

Mar 9, 2026

MLS® 73484329

Listed
$1,500

Mar 3, 2026

MLS® 73482039

Listing Provided By

Listing Agent: Carl Christie

Listing Office: Carl Christie

MLS® Number: 73553269