Washington Park Apartments — Sale in Gardner, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Gardner, MA 01440

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Investment Figures

Cap rate
6.78%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is excited to present the Washington Park Apartments located in Gardner, MA. The two garden-style brick buildings are approximately 35,000 square feet on .95 acres of land and comprised of 48 apartments, including 24 two-bedrooms, 22 one-bedrooms, and two studio apartments. The apartments feature modern kitchens, open layouts and ample storage space. The heat and hot water are gas-fired and included in the rent, tenants are responsible for electricity. Additional amenities include off-street parking and on-site laundry facilities that provides additional income. Many apartments have been updated since the owners 2018 acquistion during tenant turnover and both roofs were replaced September 2026. Washington Park presents a compelling investment opportunity situated on West Broadway just off Route-2, close to shopping, restaurants, bus transit. In addition, the property is conveniently located to downtown and several major employers including, Mount Wachusett Community College, Gardner Municipal Airport, Heywood Hospital, Wachusett Ski Resort; and within minutes of Fitchburg State University and the Wachusett MBTA Commuter Rail Station with express rail to Boston. Known as "The Furniture Capital of New England" during the 19th Century, Gardner is dedicated to creating a dynamic business community that is diverse, vibrant, and innovative through area redevelopment of new and expanding industrial and business users, including the planned Urban Renewal Plan of the Mill Street Corridor, Summit Business Park and East Gardner Industrial Park, that will result in hundreds of new jobs and business opportunities that will reshape the city of Gardner for decades to come. Investment Highlights: • The Washington Park Apartments is comprised of Two Gardenstyle Brick Building with 48-Apartments located on West Broadway in Garnder, MA • The two brick-buildings feature (24) Two-bedrooms, (22) One-bedrooms & (2) Studios, on .95 acres and approximately 35,000 SF. • 5

Market Context

This multifamily in Gardner, MA is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Gardner, MA — view the full market.

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