
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First26.333333333 x 16.666666666
Flooring - Hardwood
Dining Room
Lvl First25.25 x 15
Bathroom - Half, Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl Main,First16.5 x 20.916666666
Flooring - Hardwood, Pantry, Countertops - Upgraded, Recessed Lighting
Family Room
Lvl Main,First15.25 x 28.666666666
Flooring - Hardwood
Master Bedroom
Lvl Second15.75 x 20.583333333
Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl Second14.916666666 x 16.833333333
Bedroom 3
Lvl Second11.166666666 x 14.75
Walk-In Closet(s), Cedar Closet(s), Closet, Flooring - Hardwood
Bedroom 4
Lvl ThirdCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First6.75 x 5.666666666
Bathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second6.833333333 x 8.25
Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second9.916666666 x 9.916666666
Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub
Listing Agent: Matt Straight
Listing Office: Coldwell Banker Realty - Leominster
MLS® Number: 73573120
