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322 Pearl Street Gardner — Photo 1 of 33

322 Pearl Street Gardner — Photo 1 of 33

$325,000

Investment Analysis — 322 Pearl 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 2.95% cap rate and $9,603/yr in estimated NOI at the $325,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,393

Style

Single Family

Built

1930

Welcome to 322 Pearl Street, a charming and unique Gardner home filled with character, warmth, and opportunity. Set on a spacious 1.12-acre lot, this property offers the privacy of a generous backyard while remaining conveniently located for commuters and just minutes from Dunn State Park. The first floor offers comfortable one-level living with a spacious living room, nicely updated full bathroom, and first floor primary bedroom. A cozy wood stove adds warmth and charm during the winter months. The inviting front sun porch makes an ideal mudroom and provides a wonderful spot to enjoy the afternoon sun. Step outside onto the large deck overlooking the expansive backyard, perfect for relaxing, entertaining, or simply enjoying the peaceful surroundings.The detached garage is a true bonus, featuring a large attached workshop and second-floor studio space ready for your vision. Whether you need room for hobbies, projects, creative pursuits, or additional storage, the possibilities are endless. Recent improvements include a roof approximately six years old and an upgraded heating system with a natural gas combination boiler. Conveniently located just minutes from Dunn State Park, offering a playground, pond for swimming and fishing, and scenic hiking trails. With its unique character, generous acreage, versatile spaces, and convenient location, 322 Pearl Street offers the perfect blend of privacy and convenience. All this plus with town water and sewer!

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: 697 sq ft (the lesser of 900 sq ft or half the 1,393 sq ft principal dwelling). Lot size: 48,787 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.

Open Houses

Property Details

Financials

Original Price$325,000
Annual Taxes$4,624

Parking

Garage1
Off-Street6

Interior Specifications

Total Rooms5
Fireplaces1
FlooringLaminate, Hardwood
BasementFull, Walk-Out Access, Interior Entry, Unfinished

Climate & Utilities

HeatingHot Water, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationBlock, Brick/Mortar
ZoningR1

Property & Lot

Acres1.12
SqFt Lot48,787
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Oven • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Park • Walk/Jog Trails • Conservation Area • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2
First
Living RoomKitchenMaster Bedroom
Main,First
Bathroom 1
Living Room
Lvl First

11.083333333 x 22.666666666

Wood / Coal / Pellet Stove, Flooring - Hardwood

Kitchen
Lvl First

11.083333333 x 16.083333333

Balcony / Deck, Dryer Hookup - Electric, Exterior Access

Master Bedroom
Lvl First

15.666666666 x 15.25

Closet/Cabinets - Custom Built, Flooring - Hardwood, Balcony / Deck, Balcony - Exterior, Exterior Access

Bedroom 2
Lvl Second

11.583333333 x 17.166666666

Bathroom 1
Lvl Main,First

6.25 x 4.833333333

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Hardwood

Listing Provided By

Listing Agent: Emily Chapdelaine

Listing Office: Coldwell Banker Realty - Westford

MLS® Number: 73575101