19 Franklin Ct Open House Save Request In-Person Tour Request Virtual Tour
Gardner,MA 01440
OPEN HOUSE
Sat Jul 19, 11:00am - 12:30pm Sun Jul 20, 11:00am - 12:30pm
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,338 sqft
Price per Sqft $158
MLS Listing ID 73404655
Bedrooms 6
Full Baths 6
Year Built 1900
Annual Tax Amount $6,682
Tax Year 2025
Lot Size 5,227 Sqft
Property Sub-Type 5-9 Family
Property Description
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! Open houses Sat 7/19 & Sun 7/20 from 11AM-12:30PM.
Location
State MA
County Worcester
Zoning R1
Interior
Heating Oil
Cooling Window Unit(s)
Flooring Vinyl,Hardwood
Exterior
Exterior Feature Balcony
Community Features Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Conservation Area,Highway Access,Public School,T-Station
Utilities Available for Electric Range
Roof Type Rubber
Building
Story 5
Foundation Block,Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Gardner Element
Middle Schools Gardner Middle
High Schools Gardner High