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4 Days on market
141 Chestnut St Gardner — Photo 1 of 42

141 Chestnut St Gardner — Photo 1 of 42

$599,900

Investment Analysis — 141 Chestnut St

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 2.42% cap rate and $14,535/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

3.5

SqFt

3,873

Style

Single Family

Built

1900

Step into the Watkins Estate, a residence defined by timeless craftsmanship and remarkable architectural detail. Rich woodwork, 9 foot ceilings, and continuous hardwood flooring set an elegant tone throughout the home. The front to back living room features a striking fireplace and flows seamlessly through two sets of original pocket doors into both the formal living room and the family room/den, offering exceptional flexibility. The formal dining room, complete with built in cabinetry, is designed for memorable gatherings. The eat in kitchen includes granite counters, a butler’s pantry, and built in wall ovens—ideal for both everyday meals and entertaining. On the second floor, the primary suite impresses with a fireplace, a spacious bath, oversized walk in closet, and laundry. Two additional bedrooms and a cozy sitting area complete this level. The third floor expands the home’s possibilities with a full kitchen, a living room with fireplace, 2 bedrooms. With its separate entrance, this level is well suited for guests, extended family, or in law suite. Outside, the property features an oversized carriage house/garage with room for four vehicles, a workshop area, and a full second floor for storage or future creative use.

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 3,873 sq ft principal dwelling). Lot size: 20,554 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.

Immersive Experience

Property Details

Financials

Original Price$599,900
Annual Taxes$6,897

Parking

Garage4
Off-Street6

Interior Specifications

Total Rooms12
Fireplaces4
FlooringTile, Carpet, Hardwood, Flooring - Vinyl, Flooring - Wall to Wall Carpet
BasementFull, Walk-Out Access, Sump Pump

Climate & Utilities

HeatingBaseboard, Natural Gas, Fireplace
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR1

Property & Lot

Acres0.47
SqFt Lot20,554
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Highway Access • House of Worship • University

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4
Second
Master BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Dining RoomBathroom 1
Main,First
Living RoomKitchenFamily Room
Living Room
Lvl Main,First

26.333333333 x 16.666666666

Flooring - Hardwood

Dining Room
Lvl First

25.25 x 15

Bathroom - Half, Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl Main,First

16.5 x 20.916666666

Flooring - Hardwood, Pantry, Countertops - Upgraded, Recessed Lighting

Family Room
Lvl Main,First

15.25 x 28.666666666

Flooring - Hardwood

Master Bedroom
Lvl Second

15.75 x 20.583333333

Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

14.916666666 x 16.833333333

Bedroom 3
Lvl Second

11.166666666 x 14.75

Walk-In Closet(s), Cedar Closet(s), Closet, Flooring - Hardwood

Bedroom 4
Lvl Third

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

6.75 x 5.666666666

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

6.833333333 x 8.25

Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

9.916666666 x 9.916666666

Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub

Listing Provided By

Listing Agent: Matt Straight

Listing Office: Coldwell Banker Realty - Leominster

MLS® Number: 73573120