Two-Family Property with
New
For Sale
$1,050,000
133 Hampden Street, Chicopee, MA 01013
Two apartments each provide two bedrooms and a full bathroom, with additional parking and storage on site.
Property Size2,320 SF
Price / SF$452.59
Days on Market4
Property Features for 133 Hampden Street
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Multi-family
Additional Details
Asking Price
$1,050,000
Building Details
Year Built
1890
Listing Agency:
Lock and Key Realty Inc.
Listed By:
Liane Sikes
(413) 459-7797
Source:
Parksquarerealty
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 20 at 10:37PM
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.
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Investment Insights
Based on property information with market context.
At 133 Hampden St, this 2,320-square-foot, two-family residence dates to 1890 and contains two two-bedroom apartments, each with a full bathroom. The upper unit has a full kitchen, dining area, living room, and in-unit stackable washer and dryer; attic storage is also available. The lower unit includes an open kitchen, separate dining room, living room, and hardwood flooring. Basement storage is provided below the building.
The property has four off-street parking spaces and a two-car garage. It is being marketed as part of a combined portfolio sale with 149–151 Hampden St, which includes a four-family residence, a separate single-family residence, and four additional lots. The properties and land are offered together across multiple parcels.
The property has four off-street parking spaces and a two-car garage. It is being marketed as part of a combined portfolio sale with 149–151 Hampden St, which includes a four-family residence, a separate single-family residence, and four additional lots. The properties and land are offered together across multiple parcels.
Key Highlights
- Two‑bedroom apartments on both floors, each with a full bathroom
- 2,320 square feet; built in 1890
- Four off‑street parking spaces and a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,387
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,740
$607.7K
Cap Rate 7%
$434,100
$434.1K
Cap Rate 9%
$337,633
$337.6K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$45.9K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$43.4K $18.71/SF
− OpEx
−$13.0K −$5.61/SF
NOI
$30.4K $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%
$607,740
Cap Rate 7%
$434,100
Cap Rate 9%
$337,633
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.8K – $506.5K
NOI $30,387 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$402.3K
$352.0K – $469.4K
NOI $28,161 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,090 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two apartments each provide two bedrooms and a full bathroom, with additional parking and storage on site.
Where is this multifamily property located?
The property is located at 133 Hampden Street Chicopee, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑bedroom apartments on both floors, each with a full bathroom; 2,320 square feet; built in 1890; Four off‑street parking spaces and a two‑car garage
