197 Nichols St, Gardner, MA 01440
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$504,999
3 Unit
7 Beds
3 Baths
3274 SQFT
0.15 Acre

Property Description

Welcome to this well-maintained triplex, perfect for an owner-occupant ready to start their house hacking journey. The third-floor unit will be delivered vacant, offering a fantastic opportunity to move in while generating income from the other two units. 2020 NEW Gas Boiler, Roof has been done within the last 14 years. 2021 - Lead Certified. The property features off-street parking and a recently redone driveway, ensuring convenience and curb appeal. A walk-out basement for easy and convenient storage. Coin-operated laundry area for tenant use to help pay for water/sewer bills. Make use of a dedicated owner’s workshop space with additional storage space. With solid upkeep throughout, this is a turnkey investment or personal residence with income potential. Showings being at the open house

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 49200
  • Gross Expenses: 4890
  • Net Operating Income: 44310

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Brick
  • Foundation Info: Brick
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73359237
  • Last Updated: 04/15/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/14/2025New$504,999$154MLSPIN

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Seller's Representative: Stefan Nakollari, Property Investors & Advisors, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-15 03:30:00