Renovated 2-Unit
For Sale
$419,900
157 Sunnymeade Ave, Chicopee, MA 01020
Two vacant residences provide flexibility for owner occupancy or establishing new tenancy.
Property Size2,220 SF
Price / SF$189.14
Days on Market104
Property Features for 157 Sunnymeade Ave
General Information
Standard status
Active
Size
2,220 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
2
Taxes and HOA fees
Annual Taxes
$4,707
Building Details
Building Size
2,220 SF
Year Built
1926
Stories
3
Listing Agency:
Lock and Key Realty Inc.
(860) 502-9450
Listed By:
Michael Johnson · License #452510486
Source:
Dohertyproperties
Added: May 19
Changed: Aug 29
Last Checked: May 28 at 5:48AM
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 Lock and Key Realty Inc.
Investment Insights
Based on property information with market context.
This 2,220-square-foot duplex contains two residential units, each with 2 bedrooms, an updated kitchen and bath, and separate living and dining areas. Renovation work has been completed, and both residences are currently vacant, allowing the next owner to occupy one unit, lease both, or combine those approaches. Each unit includes a private front porch.
The property also offers a spacious yard and a large driveway with off-street parking. Its location next to Szot Park places recreational amenities immediately nearby. Built in 1926, the property is classified as a duplex and carries zoning designation 2.
The property also offers a spacious yard and a large driveway with off-street parking. Its location next to Szot Park places recreational amenities immediately nearby. Built in 1926, the property is classified as a duplex and carries zoning designation 2.
Key Highlights
- 2,220‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms, an updated kitchen and bath, and living and dining areas
- Both units are vacant for flexible occupancy or leasing plans
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,077
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$581,540
$581.5K
Cap Rate 7%
$415,386
$415.4K
Cap Rate 9%
$323,078
$323.1K
Market Conditions
NOI Build-Up for 2,220 SF
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.
Gross rent
$44.0K $19.80/SF
− Vacancy
−$2.4K −$1.09/SF
EGI
$41.5K $18.71/SF
− OpEx
−$12.5K −$5.61/SF
NOI
$29.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$581,540
Cap Rate 7%
$415,386
Cap Rate 9%
$323,078
Alternative Uses
Best Use
Multifamily LT 5
$415.4K
$363.5K – $484.6K
NOI $29,077 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$385.0K
$336.8K – $449.1K
NOI $26,947 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,776 @ 7.0% cap · market cap 22.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 01020, MA
29,781
Population
14,154
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
2,382
Density / Sq Mi
$70,971
Median Household Income
$45,378
Median Earnings
$1,153
Median Rent
$259,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences provide flexibility for owner occupancy or establishing new tenancy.
Where is this duplex located?
The property is located at 157 Sunnymeade Ave Chicopee, MA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 2,220‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms, an updated kitchen and bath, and living and dining areas; Both units are vacant for flexible occupancy or leasing plans
