83 Chestnut Street Gardner — Photo 1 of 27
Recent Drop: $15,100
$474,900
Investment Analysis — 83 Chestnut Street
Gardner, MA 01440
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 5-bedroom in 01440 carries an estimated $2,350/mo in gross rent — about a 3.42% cap rate and $16,260/yr in estimated NOI at the $474,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
1.5
SqFt
2,745
Style
Single Family
Built
1900
Stately early-1900s Colonial Revival with a classic wraparound porch, once part of Gardner’s notable Heywood-Wakefield Company legacy. Offering 4 to 7 Bedrooms on 3+ finished levels and over 2,700 sq ft, this home blends historic craftsmanship with thoughtful modern updates. Updated kitchen showcases beautiful granite countertops and abundant cabinetry, and full bath has been tastefully remodeled with double-sink vanity and more. Additional features include restored hardwood floors, chestnut doors, detailed wainscoting, custom built-in china and linen cabinets. An inviting foyer with window seat and grand staircase leads to spacious living and dining rooms with high ceilings and fireplace. Additional updates include furnace and vinyl windows. detached 3 level garage with electric and a large yard area.
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 2,745 sq ft principal dwelling). Lot size: 9,556 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First14 x 13
Ceiling Fan(s), Flooring - Hardwood, Cable Hookup, Lighting - Overhead
Dining Room
Lvl Main,First14 x 11
Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Lighting - Overhead, Decorative Molding
Kitchen
Lvl Main,First14 x 9
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Breakfast Bar / Nook, Exterior Access, Recessed Lighting, Remodeled
Office
Lvl ThirdPrimary Bedroom
Lvl Second14 x 13
Bedroom 2
Lvl Second13 x 12
Bedroom 3
Lvl Second12 x 12
Bedroom 4
Lvl Second10 x 9
Bedroom 5
Lvl Third12 x 11
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Property History
$474,900
Was $490,000
Jun 2, 2026
MLS® 73512372
$490,000
May 4, 2026
MLS® 73512372
Listing Agent: Equity Discovery Team
Listing Office: Pradium Realty
MLS® Number: 73512372
