Building Details

Building Size 2,220 SF

Year Built 1926

Stories 3

Listing Agency: Lock and Key Realty Inc.

Listed By: Michael Johnson · License #452510486 Show Phone

Source: Cjbarrett

Added: May 2 Changed: Sep 8 Last Checked: Sep 8 at 3:25AM

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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 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.

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 / Yr

$29,077

Cap Rate

6.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$581,540 $581.5K

Cap Rate 7%

$415,386 $415.4K

Cap Rate 9%

$323,078 $323.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,220 SF

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 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 (±1% cap)

NOI $29,077 @ 7.0% cap · market cap 6.92%

Second Best

Apartment 5plus

$385.0K

$336.8K – $449.1K (±1% cap)

NOI $26,947 @ 7.0% cap · market cap 6.42%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,776 @ 7.0% cap · market cap 22.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm HVAC Service Skin Care Clinic Spa & Massage Center Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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