Renovated Two-Family
12 Chester St, Chicopee, MA 01013
For Sale
$349,900
Pending
Separate laundry areas, updated kitchens, hardwood bedroom floors, and a two-car garage serve the two apartments.
Property Size2,052 SF
Days on Market8
Property Features for 12 Chester St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private laundry
Living Room
Kitchen
Laundry Room
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Coldwell Banker Realty - Western MA
(413) 567-8931
Listed By:
Lisa White · License MA #452506800
(413) 896-4777
Source:
Condonrealty
Added: Nov 6
Last Checked: Nov 13 at 11:00AM
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 Coldwell Banker Realty - Western MA
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Investment Insights
Based on property information with market context.
This renovated duplex contains two apartments totaling 2,052 square feet. The first-floor unit has 5 rooms, 2 bedrooms, and 1 bath and is vacant; the second-floor unit has 6 rooms, 3 bedrooms, and 1 bath, with a long-term tenant in place. Both apartments have updated eat-in kitchens and bathrooms, private laundry areas, and hardwood floors in the bedrooms. The property was built in 1920 and has a newer roof, vinyl siding, replacement windows, updated plumbing, circuit breakers, and gas heat.
The basement includes two newer electric water heaters and a newer gas boiler. The lot also has a storage shed and a two-car garage. The property is at 12 Chester St in Chicopee, Massachusetts, with access to major highways.
The basement includes two newer electric water heaters and a newer gas boiler. The lot also has a storage shed and a two-car garage. The property is at 12 Chester St in Chicopee, Massachusetts, with access to major highways.
Key Highlights
- 2,052‑square‑foot duplex with two apartments
- First‑floor apartment: 5 rooms, 2 bedrooms, 1 bath; vacant
- Second‑floor apartment: 6 rooms, 3 bedrooms, 1 bath; long‑term tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,876
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,520
$537.5K
Cap Rate 7%
$383,943
$383.9K
Cap Rate 9%
$298,622
$298.6K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$40.6K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$38.4K $18.71/SF
− OpEx
−$11.5K −$5.61/SF
NOI
$26.9K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,520
Cap Rate 7%
$383,943
Cap Rate 9%
$298,622
Alternative Uses
Best Use
Multifamily LT 5
$383.9K
$336.0K – $447.9K
NOI $26,876 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$355.8K
$311.4K – $415.1K
NOI $24,908 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,528 @ 7.0% cap · market cap 25.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 01013, MA
23,656
Population
10,309
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
4,150
Density / Sq Mi
$64,039
Median Household Income
$45,268
Median Earnings
$1,005
Median Rent
$249,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Hampden County, MA
Properties on Market for Duplexes in Hampden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry areas, updated kitchens, hardwood bedroom floors, and a two-car garage serve the two apartments.
Where is this duplex located?
The property is located at 12 Chester St Chicopee, MA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,052‑square‑foot duplex with two apartments; First‑floor apartment: 5 rooms, 2 bedrooms, 1 bath; vacant; Second‑floor apartment: 6 rooms, 3 bedrooms, 1 bath; long‑term tenant in place
