181 Park Street, Gardner MA 01440
Gardner, MA 01440
$549,900
Est. $3,544/month
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Open House Schedule
15
Aug
Saturday, August 15
10:00 AM - 12:00 PM EDT
16
Aug
Sunday, August 16
10:00 AM - 12:00 PM EDT
About this home
This scenario doesn't come around often—181 Park Street is an updated and well-maintained three-family with one vacant unit (great for an owner-occupied buyer), plenty of parking and two long-time tenants paying near-market rent! If you're looking to build wealth through real estate and are tired of paying rent, this is worth a look! Extensive renovations since 2012 include updated plumbing, electrical and heating system. The roof and 4 water heaters were replaced in 2024-2025. All three apartments have large, updated eat-in kitchens with walk-in pantries for plenty of storage. Unit 1 has a large back deck, and units 2 and 3 each have an enclosed sun porch. Hardwood and tile flooring throughout, refinished hardwoods, with original woodwork, trim, and interior doors. Floor plans show the main level (Unit 2) and are generally representative of all three apartments. Utilities are separately metered, so tenants pay their own gas heat and electric. 4 updated electrical panels. Coin-op washer/dryer in common laundry for extra income. Low-maintenance vinyl siding and windows. Set on almost a half acre with a two-car garage, plenty of parking, and a partially fenced flat side yard currently used for raised bed gardens. Main unit (#2) is vacant and available for showings. Photos show units #1 and #2. Near Crystal Lake, the Greenwood pool, town center, hospital, shopping, Mount Wachusett Community College, North Central Pathway bike trail, and Route 2.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 11, 2026
$549,900
Original listing
Agent: Jennifer Shenk
Office: Keller Williams Realty North Central
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/11/2026 | 🏠 Listed for Sale | $549,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,758 | $490,800 |
Financial Details
Annual Property Tax
$6,758
Tax Year 2026
Assessed Value
$490,800
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1920
Living Area
3,216 sq ft
Lot Size
0.40 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$1,400/mo · N
Unit 2 Rent
$1,500/mo · N
Unit 3 Rent
$1,400/mo · N
Total Monthly Rent
$4,300/mo
Gross Income
$51,600
Net Operating Income
$47,066
Operating Expenses
$4,534
Water/Sewer Expense
$1,435
Electric Expense
$240
Insurance Expense
$1,995
Cap Rate
8.56%
Interior
Heating
Natural Gas, Individual, Unit Control, Electric
Cooling
None
Flooring
Tile, Hardwood
Appliances
Range, Refrigerator, Range Hood
Fireplace
Gas
Basement
Interior Entry
Laundry
None
Features
Ceiling Fan(s), Pantry, Walk-in Closet(s), Bathroom With Tub & Shower, Living Room, Kitchen, Office/den, Sunroom
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Balcony/deck
Pool
None
Spa
None
Fencing
None
Patio/Porch
Enclosed, Deck - Wood
Parking
Garage Spaces
2
Has Garage
Yes
Features
Off Street, Paved
Total Spaces
10
Utilities
Electric
100 Amp Service, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven
Financial
Annual Tax
$6,758
Assessed Value
$490,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Main Unit Is Vacant And Available For Showings. Photos Show Units #1 And #2.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Gold
Sq Ft Source
Owner
Sq Ft Disclosures
Public record shows 2192SF, but doesnt include the third apartment at approximately 1092SF
Documents
None
County
Worcester
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
9
Full Bathrooms
3
Living Area
3,216 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,216 sq ft above grade
Display Options
Outdoor Areas
Patio & porchEnclosed, Deck - Wood
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood
Appliances:
Range, Refrigerator, Range Hood
Interior Features:
Ceiling Fan(s), Pantry, Walk-In Closet(s), Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den, Sunroom
Windows:
Insulated Windows
Basement:
Interior Entry
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Natural Gas, Individual, Unit Control, Electric
Heating Zones:
3
Cooling:
None
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck
Patio & Porch:
Enclosed, Deck - Wood
Fencing:
Other Structures:
Lot Features:
Easements, Level
Road Surface:
Paved
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
10
Parking Features:
Off Street, Paved
Special Features
Fireplace Type:
Gas
Community Amenities:
Public Transportation, Pool
Nearby Schools
School District
Gardner School District local
D
School Safety
2024-25
5.8%
Above Average
5.6%
Suspensions
0.5%
In-School
0.2%
Emergency
0.3% above state avg
Elementary Schools
3 schools
C-
Gardner Elementary School
1.2 mi
|
#669 of 824
|
Score: 37.5
Improved 96 spots from last year
-20.7 below state avg
1,087 students
Diverse
Rising School
Diverse Student Body
Grades PK-04
Wachusett Hills Christian School
2.8 mi
Grades K-08
C+
Templeton Elementary School
4.1 mi
|
#518 of 824
|
Score: 44.2
Improved 95 spots from last year
-14 below state avg
581 students
Less Diverse
Rising School
Grades PK-04
Middle Schools
3 schools
F
Gardner Middle School
1.1 mi
|
#338 of 352
|
Score: 26.8
Dropped 7 spots from last year
-31.4 below state avg
514 students
Diverse
Grades 05-07
B
Overlook Middle School
3.9 mi
|
#170 of 352
|
Score: 42.8
Dropped 7 spots from last year
-15.4 below state avg
576 students
Less Diverse
Grades 06-08
C-
Narragansett Middle School
4.0 mi
|
#304 of 352
|
Score: 31.0
Dropped 43 spots from last year
-27.2 below state avg
366 students
Less Diverse
Grades 05-07
High Schools
3 schools
D
Gardner Academy for Learning and Technology
0.9 mi
|
#331 of 346
|
Score: 26.7
Improved 48 spots from last year
-31.6 below state avg
123 students
Diverse
Early College Program
Rising School
Career Tech Programs
Grades 09-12
C+
Gardner High School
1.1 mi
|
#239 of 346
|
Score: 47.5
Improved 74 spots from last year
-10.7 below state avg
808 students
Diverse
15 sports
• 820 athletes
Early College Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 08-12
B+
Oakmont Regional High School
3.9 mi
|
#119 of 346
|
Score: 58.8
Dropped 4 spots from last year
+0.6 above state avg
633 students
Less Diverse
15 sports
• 1,130 athletes
High Graduation Rate
College Ready Curriculum
Strong Athletics
Strong Attendance
Grades 09-12
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95% Interest
Year 15
50/50
Year 30
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Location
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Neighborhood
181 Park Street, Gardner MA 01440
Gardner, MA 01440
Listing Information
Listing Agent
Jennifer Shenk
Listing Office
Keller Williams Realty North Central
Office Phone
978-840-9000
Agent MLS ID
CN201847
Office MLS ID
K95580
Listing Data Updated
Aug 11, 2026 4:50 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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