Two-Unit Residential Income
11-13 Chateaugay St Chicopee, MA 01020
11-13 Chateaugay St, Chicopee, MA, 01020
$399,000
Pending
For Sale
$399,000
Pending
Well-maintained duplex with separate utilities, automatic lighting in shared corridors, and parking for seven cars on the driveway.
Property Size2,398 SF
Days on Market12
Property Features for 11-13 Chateaugay St
General Information
- Standard status
- Pending
- Size
- 2,398 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing agency
Keller Williams Realty
(413) 404-9497
Listed by
Liya Zhupikov · License #452508574
(413) 404-9497
Source
Iverty
Added: Jul 11 Updated: Jul 21 at 4:02PM Checked: Jul 21 at 4:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-unit residential income duplex offers a practical, owner-occupied or investor-friendly setup with separate utilities for the two levels. Automatic lighting is in place throughout the shared corridors, and the property includes a 2-car garage plus parking for seven cars on the driveway. Updates include a roof and gutters installed in 2019, professionally re-pointed chimney work in 2018, and additional improvements such as updated entry door (2018) and stairs/handrails (2019). Mechanics were installed in 2017 and 2022.
The second-floor unit is leased at $1,500 per month under a four-year lease, with rent increase possible. The first floor is currently unoccupied.
The duplex configuration includes two separate living spaces arranged over two floors, with shared-corridor lighting and dedicated utility separation supporting independent operations for each unit.
The second-floor unit is leased at $1,500 per month under a four-year lease, with rent increase possible. The first floor is currently unoccupied.
The duplex configuration includes two separate living spaces arranged over two floors, with shared-corridor lighting and dedicated utility separation supporting independent operations for each unit.
Key Highlights
- Well‑maintained duplex built in 1940 with separate utilities
- Rents: 2nd‑floor unit $1,500/month and 1st‑floor currently unoccupied
- Big‑ticket updates completed: roof and gutters (2019)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.5k | $19.80 |
| − Vacancy | −$2.6k | −$1.09 |
| EGI | $44.9k | $18.71 |
| − OpEx | −$13.5k | −$5.61 |
| NOI | $31.4k | $13.10 |
2,398 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.7K
$392.6K – $523.5K
NOI $31,408 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$415.8K
$363.8K – $485.1K
NOI $29,107 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,455 @ 7.0% cap · market cap 25.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with separate utilities, automatic lighting in shared corridors, and parking for seven cars on the driveway.
Where is this duplex located?
The property is located at 11-13 Chateaugay St Chicopee, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1940 with separate utilities; Rents: 2nd‑floor unit $1,500/month and 1st‑floor currently unoccupied; Big‑ticket updates completed: roof and gutters (2019)
