193 Woodland Ave Gardner — Photo 1 of 40
$385,000
Investment Analysis — 193 Woodland Ave
Gardner, MA 01440
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a 4-bedroom in 01440 carries an estimated $2,350/mo in gross rent — about a 4.53% cap rate and $17,433/yr in estimated NOI at the $385,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,942
Style
Single Family
Built
1920
Charm, warmth, and room to spread out, this lovingly maintained Cape has been cared for by the same owners for the last 23 years. From the moment you're inside the exposed wood beam ceilings and hardwood floors bring a cozy, timeless feel that instantly feels like home. The flexible layout offers two spacious bedrooms on the second floor, plus two additional bedrooms and a full bath on the main level, giving plenty of options for guests, or home office space. Downstairs, you’ll find two finished bonus rooms in the basement perfect for a playroom, gym, hobby space, or storage. Outside, the beautifully maintained landscaping creates a private little pocket of calm, while the parking situation is basically the unicorn of city living: on-street parking in front, plus a 1-car garage/workshop area and ample off-street parking in the rear off Green Street for 5+ vehicles and a NEW ROOF done in 2025! Warm, inviting, and clearly cared for over the years, this home is ready for its next owners.
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 1,942 sq ft principal dwelling). Lot size: 8,792 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Medical Facility • Highway Access • House of Worship • Public School • University
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood
Dining Room
Lvl Main,FirstFlooring - Hardwood
Kitchen
Lvl Main,FirstFlooring - Laminate, Dining Area, Deck - Exterior
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl Main,FirstFlooring - Hardwood
Bedroom 4
Lvl Main,FirstFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Vinyl
Listing Agent: Victoria Jeffrey
Listing Office: Real Estate Exchange
MLS® Number: 73520897