Two-Family Residential Income
177 Marion Street Chicopee, MA 01013
177 Marion Street, Chicopee, MA, 01013
$325,000
For Sale
$325,000
Maintained two-family with a vacant one-bedroom unit and a occupied two-bedroom unit with separate utilities.
Property Size1,289 SF
Price / SF$252.13
Days on Market130
Property Features for 177 Marion Street
General Information
- Standard status
- Active
- Size
- 1,289 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Lock and Key Realty Inc.
Listed by
Patriot Living Group
(413) 665-3771
Source
Cbcommunityrealtors
Added: Mar 16 Updated: Jul 22 at 4:05AM Checked: Jul 22 at 4:05AM
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 maintained two-family residential property includes a main level one-bedroom unit that is currently vacant, along with a second unit that has two bedrooms and is occupied by a long-term tenant. Both units are described as having bright living spaces and functional layouts. Separate utilities are in place, which can simplify building management.
The exterior offers off-street parking and a manageable yard space for outdoor use. The property is positioned for convenient access to shopping, schools, and major highways.
Overall, the building’s current configuration provides an option for an owner-occupant to occupy one unit while collecting income from the other, supported by the presence of a long-term tenant in the two-bedroom unit.
The exterior offers off-street parking and a manageable yard space for outdoor use. The property is positioned for convenient access to shopping, schools, and major highways.
Overall, the building’s current configuration provides an option for an owner-occupant to occupy one unit while collecting income from the other, supported by the presence of a long-term tenant in the two-bedroom unit.
Key Highlights
- Maintained 2‑family property built in 1920 in Chicopee
- Main level unit: 1‑bedroom currently vacant
- Second unit: 2‑bedroom occupied by a long‑term tenant
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.5k | $19.80 |
| − Vacancy | −$1.4k | −$1.09 |
| EGI | $24.1k | $18.71 |
| − OpEx | −$7.2k | −$5.61 |
| NOI | $16.9k | $13.10 |
1,289 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.2K
$211.0K – $281.4K
NOI $16,883 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$223.5K
$195.6K – $260.8K
NOI $15,646 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$794.4K
$695.1K – $926.9K
NOI $55,611 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Maintained two-family with a vacant one-bedroom unit and a occupied two-bedroom unit with separate utilities.
Where is this duplex located?
The property is located at 177 Marion Street Chicopee, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Maintained 2‑family property built in 1920 in Chicopee; Main level unit: 1‑bedroom currently vacant; Second unit: 2‑bedroom occupied by a long‑term tenant
