Two-Family Residential Income
124 Walter Street Chicopee, MA 01013
124 Walter Street, Chicopee, MA, 01013
$375,000
For Sale
$375,000
Well-maintained two-family with two 3-bedroom units, off-street parking, and backyard space.
Property Size2,278 SF
Price / SF$164.62
Days on Market154
Property Features for 124 Walter Street
General Information
- Standard status
- Active
- Size
- 2,278 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Real Estate Keys
(413) 296-5397
Listed by
Natasha Quiles · License #9552817
(413) 296-5397
Source
Compass
Added: Feb 18 Updated: Jul 22 at 8:05AM Checked: Jul 22 at 8:05AM
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 Real Estate Keys
Investment Insights
Based on property information with market context.
This well-maintained two-family residential income property offers two separate units, each featuring three bedrooms and a spacious eat-in kitchen. The second-floor unit includes in-unit laundry and will be delivered vacant at closing. The first-floor unit has basement laundry and is currently leased to a long-term tenant.
The property is located on a quiet dead-end street with views of the Chicopee River. Off-street parking and backyard space are available for everyday use and entertaining.
Recent improvements include a new roof, new gutters scheduled/completed for 2026, and water heaters installed in 2024/2025. The first-floor unit is rented at $1,400 per month.
The property is located on a quiet dead-end street with views of the Chicopee River. Off-street parking and backyard space are available for everyday use and entertaining.
Recent improvements include a new roof, new gutters scheduled/completed for 2026, and water heaters installed in 2024/2025. The first-floor unit is rented at $1,400 per month.
Key Highlights
- Well‑maintained 2‑family on a quiet dead‑end street with views of the Chicopee River
- Two 3‑bedroom units with eat‑in kitchen space
- Enclosed porch and enclosed patio/porch features plus backyard space
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 | $45.1k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $42.6k | $18.71 |
| − OpEx | −$12.8k | −$5.61 |
| NOI | $29.8k | $13.10 |
2,278 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$373.0K – $497.3K
NOI $29,837 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$395.0K
$345.6K – $460.9K
NOI $27,651 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,278 @ 7.0% cap · market cap 26.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family with two 3-bedroom units, off-street parking, and backyard space.
Where is this duplex located?
The property is located at 124 Walter Street Chicopee, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Well‑maintained 2‑family on a quiet dead‑end street with views of the Chicopee River; Two 3‑bedroom units with eat‑in kitchen space; Enclosed porch and enclosed patio/porch features plus backyard space
