384 Mill St Gardner — Photo 1 of 21
$374,900
Investment Analysis — 384 Mill St
Gardner, MA 01440
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 3-bedroom in 01440 carries an estimated $2,000/mo in gross rent — about a 3.92% cap rate and $14,714/yr in estimated NOI at the $374,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,538
Style
Single Family
Built
1895
Step into this beautifully updated home where classic character meets a fresh, modern interior. With approximately 1,538 sq. ft. of living space, 3 full bedrooms plus an office space on the 1st floor, this home has it all. The refreshed kitchen features modern finishes and brand-new appliances, while the warm wood details add character you don’t often find in newer homes. Conveniently located with easy access to everyday amenities, this home is move-in ready and waiting for its next owner.
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: 769 sq ft (the lesser of 900 sq ft or half the 1,538 sq ft principal dwelling). Lot size: 27,000 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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Enis Shehu
Listing Office: Cameron Real Estate Group - Framingham
MLS® Number: 73578504