17 Chapel Street Gardner — Photo 1 of 41
$300,000
Investment Analysis — 17 Chapel Street
Gardner, MA 01440
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 2-bedroom in 01440 carries an estimated $1,560/mo in gross rent — about a 3.40% cap rate and $10,203/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
888
Style
Single Family
Built
1958
*OFFER DEADLINE MONDAY, 8/31 at 2pm. Please make offers good through 6pm on Tuesday for seller review.* 17 Chapel Street is a 2 bedroom ranch on a private, level 0.33-acre corner lot, cared for by the same owners since 1966. This home is ideal for first time buyers and downsizers alike. Hardwood flooring in the living room and bedrooms, plus a living room fireplace. The kitchen includes a wall oven, LG refrigerator and Bosch cooktop and dishwasher. The finished basement area is heated and has a workshop area and a laundry room with lots of storage, complete with a 2019 LG washer and dryer. There's a one-car attached garage and two outbuildings for extra storage. The back sun porch offers flexible cabinets that can be removed for a sunroom feel, or kept as-is for storage and kitchen overstock. The outdoor space is perfect for gardening, with established trees and shrubs creating more privacy than you would expect on a corner lot. Some cosmetic updates offer a chance to make this home your own, and contractors may want to explore the potential for adding a second story. Town water and sewer. Low-traffic setting with quick and easy access to Route 2 via Route 140, and less than a mile to Dunn Park and Pond.
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: 444 sq ft (the lesser of 900 sq ft or half the 888 sq ft principal dwelling). Lot size: 14,520 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
Oven • Disposal • Range • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstBeamed Ceilings, Flooring - Hardwood, Exterior Access
Kitchen
Lvl FirstFlooring - Laminate, Dining Area
Master Bedroom
Lvl FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Jennifer Shenk
Listing Office: Keller Williams Realty North Central
MLS® Number: 73568128
