Investment Analysis — 41 Korsholm Avenue

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 3.19% cap rate and $15,614/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,184

Style

Single Family

Built

1985

Welcome to this well-maintained raised ranch, lovingly built and cared for by its only owner. The main level features 3 bedrooms, a full bath, comfortable living room, and an inviting kitchen/dining area with sliders leading to a composite deck—perfect for relaxing or entertaining outdoors. The lower level offers additional flexible living space with a bedroom, full bath, utility room, and family room with walk-out access to the driveway. Outside, enjoy an additional parking area with carport, plus two storage sheds providing plenty of room for vehicles, tools, equipment, and seasonal items. Recent updates include a furnace approximately 4 years young, three mini-split systems for added heating and cooling efficiency, and solar energy through Sunrun. A great opportunity to own a home that has been thoughtfully maintained and enhanced over the years, with comfortable living spaces, excellent storage, multiple parking options, and energy-conscious features. Come see all this home has to offer!

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: 592 sq ft (the lesser of 900 sq ft or half the 1,184 sq ft principal dwelling). Lot size: 16,641 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.