Vacant Three-Family
14 Ferry St, Chicopee, MA 01013
For Sale
$550,000
Pending
Three-unit residential income property offered vacant with occupancy available upon closing.
Property Size3,606 SF
Days on Market59
Property Features for 14 Ferry St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Lock and Key Realty Inc.
Listed By:
Kathryn Daviau · License MA #9540655
(413) 244-8063
Source:
Elliman
Added: Sep 13
Changed: Nov 7
Last Checked: Nov 8 at 7:11AM
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.
This three-family residential property was built in 1900 and is currently fully vacant. Its existing configuration supports use as a multifamily income property, with the units available for occupancy upon closing.
The property is located at 14 Ferry St in Chicopee, Massachusetts. Walk Score is 50, Bike Score is 48, and Transit Score is 45, reflecting access to walking, cycling, and public transportation options in the surrounding area.
The property is located at 14 Ferry St in Chicopee, Massachusetts. Walk Score is 50, Bike Score is 48, and Transit Score is 45, reflecting access to walking, cycling, and public transportation options in the surrounding area.
Key Highlights
- Three‑family residential property
- Fully vacant at sale
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,230
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,600
$944.6K
Cap Rate 7%
$674,714
$674.7K
Cap Rate 9%
$524,778
$524.8K
Market Conditions
NOI Build-Up for 3,606 SF
Gross rent
$71.4K $19.80/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$67.5K $18.71/SF
− OpEx
−$20.2K −$5.61/SF
NOI
$47.2K $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%
$944,600
Cap Rate 7%
$674,714
Cap Rate 9%
$524,778
Alternative Uses
Best Use
Multifamily LT 5
$674.7K
$590.4K – $787.2K
NOI $47,230 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$625.3K
$547.1K – $729.5K
NOI $43,770 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,571 @ 7.0% cap · market cap 28.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
298
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
$249,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Hampden County, MA
Properties on Market for Triplexes in Hampden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property offered vacant with occupancy available upon closing.
Where is this triplex located?
The property is located at 14 Ferry St Chicopee, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three‑family residential property; Fully vacant at sale; Built in 1900
