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    83 Madison St Chicopee, MA 01020

    For Sale
    $459,500

    Well-maintained three-family property with upgrades in high-demand rental area.

    Lot size:
    0.12 Acres

    Property Features for 83 Madison St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1900

    Source: B & B Real Estate Agent Alan Tabin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Income Producing Triplex

    This turn-key, income-producing three-family property is located in a high-demand rental area near parks, schools, major highways, public transit, and everyday amenities. The well-maintained property features numerous upgrades, including a new roof and a new state-of-the-art HVAC system, providing energy efficiency. Each unit offers spacious layouts with excellent rental appeal. The property is ideal for multi-generational living, investors, or owner-occupants seeking strong rental income with minimal maintenance. Fully rented, the property offers strong cash flow and versatile opportunities. Low maintenance is facilitated by the upgraded major systems. Current rents are well below market levels.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5768922
    Latitude
    42.1502157

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    FAQs

    What type of property is this?
    Triplex - Well-maintained three-family property with upgrades in high-demand rental area.
    Where is this triplex located?
    The property is located at 83 Madison St Chicopee, MA.
    What is the asking price?
    The asking price for this property is $459,500.
    What are key features of this property?
    This property features: - Turn-key, income-producing 3-family property in a high-demand rental area.; - NEW roof and state-of-the-art HVAC system for energy efficiency and low maintenance.; - Fully rented with strong cash flow potential.
    (413) 427-9591
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    83 Madison St Chicopee, MA 01020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    83 Madison St Chicopee, MA 01020
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