19 Franklin Ct, Gardner, MA 01440
$689,000
OFFER DEADLINE TUESDAY 7/22 at 12PM. Investors, check out this spectacular 6-family investment opportunity! Currently producing an 8% cap rate with the potential to reach 9.5% at market rents, this well-maintained property generates over $95,000 in annual income. Spanning more than 4,000 square feet, it features six well-sized 1-bedroom units, each offering a dine-in kitchen, living room, pantry, and bedroom. A coin-operated washer and dryer in the building adds convenience and additional income potential. Conveniently located just seconds from downtown Gardner and a short drive to Route 2, this property offers strong cash flow, value-add upside, and easy access to amenities and commuter routes. Recent appraisal came in significantly higher than the list price, making this a rare opportunity to acquire instant equity. A perfect addition to any investment portfolio!
— MLSPIN #: 73404655| List Price: | $689,000 |
|---|---|
| Status: | Contingent |
| MLS ID: | 73404655 |
| Town: | Gardner |
| County: | Worcester |
| Zip: | 01440 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Bedrooms: | 6 |
| Full Baths: | 6 |
| Living Area: | 4,338 sqft |
| Acres: | 0.12 |
| Taxes: | 6,682 |
| Cooling: | Window Unit(s) |
| Flooring: | Vinyl, Hardwood |
| Heating: | Oil |
| Parking Features: | Paved Drive, Shared Driveway, Off Street, Common, Paved |
| Status: | Active Under Contract |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Rubber |
| Directions: | Please use GPS. |
| Foundation Details: | Block, Stone |
| Electric: | Circuit Breakers |
| Listing Contract Date: | 2025-07-15 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.12 |
| Lot Size Square Feet: | 5,227 |
| Rooms Total: | 18 |
| Bathrooms Total Integer: | 6 |
| Basement: | true |
| Basement: | Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 4,338 |
| Community Features: | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, Public School, T-Station |
| Exterior Features: | Balcony |
| Interior Features: | Laundry Room, Living Room, Kitchen |
| Levels: | 5 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 6 |
| Open Parking?: | Yes |
| Parcel Number: | 3535683 |
| Patio And Porch Features: | Porch |
| Rent Includes: | Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water) |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Electric Range |
| Zoning: | R1 |
| Elementary School: | Gardner Element |
| High School: | Gardner High |
| Middle Or Junior School: | Gardner Middle |
| Stories Total: | 5 |
| Year Built Source: | Public Records |
| Disclosures: | Information is deemed reliable but not guaranteed. Buyer/buyer's agent to conduct own due diligence. Listing agency has vested interest. Tenant has audio/video recording devices on premises. |
| Electric Expense: | $1,076 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $95,700 |
| Insurance Expense: | $4,500 |
| Anticipated Sold Date: | 2025-09-04T04:00:00.000Z |
| Apod Available: | Yes |
| Color: | Yellow |
| Disclosure: | Yes |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Flrs 3: | 2 |
| Flrs 4: | 2 |
| Gre: | 40,793 |
| Heat Units: | 6 |
| Heat Zones: | 1 |
| Hte: | 8,167 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | No |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $158.83 |
| Mgf: | 6,699 |
| Mse: | 6,675 |
| Page: | 16 |
| Price Per Sqft: | $158.83 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $54,907 |
| Operating Expense: | $40,793 |
| Original List Price: | $689,000 |
| Parking Total: | 7 |
| Tax Assessed Value: | $465,300 |
| Tax Year: | 2025 |
| Total Actual Rent: | $7,975 |
| Water Sewer Expense: | $3,572 |
| Year Built Details: | Approximate |
| Bedrms 1: | 1 |
| Bedrms 2: | 1 |
| Bedrms 3: | 1 |
| Bedrms 4: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 1 |
| Hot Water: | Oil, Electric, Tankless |
| Rent1: | 1,350 |
| Rent2: | 1,450 |
| Rent3: | 1,250 |
| Rent4: | 1,050 |
| Above Grade Finished Area: | 4,338 |
| Living Area Source: | Public Record |
| Stories: | 5 |
Listing Courtesy of: Four Points Real Estate, LLC
Listing Agent: Candor Realty Group
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MLS Property Information Network, Inc. data last updated on July 26, 2025 10:38 AM
Property Last Updated: July 23, 2025 05:48 PM