Duplex with Pool House and
For Sale
$650,000
143 Royal Street, Chicopee, MA 01020
Occupied duplex includes a pool house, in-ground pool, and private off-street parking.
Property Size3,296 SF
Price / SF$197.21
Days on Market237
Property Features for 143 Royal Street
General Information
Standard status
Active
Size
3,296 SF
Total Parking Spaces
16
Property subtype
Multi-family / 2 Family
Net Operating Income
$45,600
Taxes and HOA fees
Annual Taxes
$6,378
Amenities
Yes
Vinyl
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, ENERGY STAR Qualified Dryer, Plumbed For Ice Maker
1
5.0
Hot Tub/Spa
Skylight(s), Stained Glass Window(s)
Washer Hookup, Dryer Hookup, Gas Dryer Hookup, Electric Dryer Hookup
Partial, Bulkhead, Unfinished Basement
Ceiling Fan(s), Cathedral/Vaulted Ceilings, Storage, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Bathroom With Tub & Shower, Remodeled, Slider, Living Room, Dining Room, Kitchen, Family Room, Laundry Room, Loft, Mudroom, Office/Den, Sunroom, Window AC
4
4.50
5
Fenced/Enclosed, Fenced
Frame, Brick, Stone
In Ground
Shingle
Shed(s)
Balcony/Deck, Balcony, Fenced Yard, Hot Tub/Spa, Pool - Inground, Deck, Deck - Composite, Covered Patio/Deck
Deck, Deck - Composite, Covered
Building Details
Year Built
1925
Listing Agency:
Vision Real Estate
(860) 677-7773
Listed By:
Brandon Behnk · License #9540389
(860) 677-7773
Source:
Compass
Added: Jan 5
Changed: Aug 29
Last Checked: Aug 29 at 11:29PM
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 Vision Real Estate
Investment Insights
Based on property information with market context.
This duplex property includes two occupied units, a second-floor layout with four bedrooms, loft space, family room, mudroom, and A-frame construction, plus a first-floor apartment with two bedrooms and an in-law efficiency. Interior features include granite counters, double sink basins, a kitchen equipped with major appliances, and a composite deck overlooking the rear grounds.
A separate 1,500-square-foot pool house contains six rooms and two bathrooms, with a six-car garage below featuring 12-foot ceilings and an automotive lift. A separate pool shed/pumphouse provides storage and includes a full bathroom. The buildings surround an oversized in-ground pool, with fencing and private off-street parking. Both units are occupied under leases in place through 11/26.
A separate 1,500-square-foot pool house contains six rooms and two bathrooms, with a six-car garage below featuring 12-foot ceilings and an automotive lift. A separate pool shed/pumphouse provides storage and includes a full bathroom. The buildings surround an oversized in-ground pool, with fencing and private off-street parking. Both units are occupied under leases in place through 11/26.
Key Highlights
- Two occupied duplex units with leases in place through 11/26
- 1,500‑square‑foot pool house with 6 rooms and 2 bathrooms
- 6‑car garage with 12‑foot ceilings and an automotive lift
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
$43,170
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
6.64%
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%
$863,400
$863.4K
Cap Rate 7%
$616,714
$616.7K
Cap Rate 9%
$479,667
$479.7K
Market Conditions
NOI Build-Up for 3,296 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
$65.3K $19.80/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$61.7K $18.71/SF
− OpEx
−$18.5K −$5.61/SF
NOI
$43.2K $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 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%
$863,400
Cap Rate 7%
$616,714
Cap Rate 9%
$479,667
Alternative Uses
Best Use
Multifamily LT 5
$616.7K
$539.6K – $719.5K
NOI $43,170 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$571.5K
$500.1K – $666.8K
NOI $40,007 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,197 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
331
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Occupied duplex includes a pool house, in-ground pool, and private off-street parking.
Where is this duplex located?
The property is located at 143 Royal Street Chicopee, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two occupied duplex units with leases in place through 11/26; 1,500‑square‑foot pool house with 6 rooms and 2 bathrooms; 6‑car garage with 12‑foot ceilings and an automotive lift
