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27 Cherry St. Gardner — Photo 1 of 42

$419,900

Investment Analysis — 27 Cherry St.

Gardner, MA 01440

Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-bedroom in 01440 carries an estimated $2,350/mo in gross rent — about a 3.86% cap rate and $16,220/yr in estimated NOI at the $419,900 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

2,790

Style

Single Family

Built

1920

Timeless elegance and historic charm define this beautifully maintained 1920 Victorian, gracefully situated on a picturesque, tree-lined street in one of Gardner’s desirable neighborhoods. Offering 4–5 bedrooms and 2 full baths, this distinguished home showcases the craftsmanship and architectural details of a bygone era, including a grand staircase, soaring ceilings, French doors, custom built-ins and two fireplaces. The tastefully updated kitchen blends classic character with modern convenience, featuring granite countertops and stainless steel appliances, while both bathrooms have been thoughtfully updated. A stunning three-season room, surrounded by an abundance of windows, overlooks the private backyard and provides an inviting space to relax or entertain. Step outside to a lovely patio and fire pit area nestled within the beautifully landscaped lot. Recent improvements include a new heating system and hot water heater. A detached two-car garage completes this exceptional property—a wonderful combination of historic character, gracious living spaces and modern updates.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,790 sq ft principal dwelling). Lot size: 17,108 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.