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Two-Unit Residential Income Property

11-13 Chateaugay St Chicopee, MA 01020

Claim this Listing
New
For Sale
$399,000

MULTI_FAMILY - Chicopee, MA

Property size:
2,398 SF
Lot size:
0.13 Acres
Price / SF:
$166.39/SF
Added:
Jul 11, 2026
Days on Market:
4
Last Refresh:
Jul 14 at 5:06 am

Property Features for 11-13 Chateaugay St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
2
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1
Parking
9
Standard status
Active
APN
M:0072 B:00053 L:0000
Size
2,398 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
4577

Building Details

Year built
1940
Floors in Building
2
Number of units
2

Listing agent Laura Stevens

Listing office Keller Williams Realty 66 Dwight Road, Longmeadow, MA

Listing date Jul 11, 2026

MLS# 73543568 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This two-unit residential income property offers a practical layout with separate utilities and a number of notable updates. The roof and gutters were completed in 2019, and the chimney was professionally re-pointed in 2018. Additional improvements include updated mechanics (installed in 2017 and 2022), a newer entry door (2018), and updated stairs and handrails (2019). Shared corridors feature automatic lighting, and the property includes a 2-car garage plus driveway parking for seven cars.

The second-floor unit is leased at $1,500 per month under a four-year lease, and the first-floor unit is currently unoccupied and ready for an owner-occupant or tenant upon showing. The listed lot size is 0.1348 acres, and the property totals 2,398 square feet.

Key Highlights

  • Multifamily with 2nd‑floor rent of $1,500/month on a 4‑year lease and 1st floor currently vacant
  • Roof and gutters updated in 2019
  • Separate utilities with updated mechanics installed in 2017 and 2022

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 (±1% cap)
NOI $31,408 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$415.8K
$363.8K – $485.1K (±1% cap)
NOI $29,107 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M (±1% cap)
NOI $103,455 @ 7.0% cap · market cap 25.93%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency HVAC Service Accounting Firm Gym & Fitness Center Kitchen & Bath Showroom Cafe & Coffee Shop Plumbing Service Locksmith Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained two-unit property with separate utilities, a 2-car garage, and driveway parking for seven cars.
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: Multifamily with 2nd‑floor rent of $1,500/month on a 4‑year lease and 1st floor currently vacant; Roof and gutters updated in 2019; Separate utilities with updated mechanics installed in 2017 and 2022
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