24-Unit Multifamily Property in
2053 Memorial Dr, Chicopee, MA 01020
Multifamily property with value-add opportunity in a prime location.
Type:Multifamily
Property size:
13,200 SFPrice / SF:
$208/SF- Added:
- Feb 18, 2026
- Days on Market:
- 83
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2053 Memorial Dr
General Information
- Standard status
- Active
- Size
- 13,200 SF
- Property subtype
- Multifamily
Listing agent Taylor Perun License #MA134963
Listing office NorthEast Private Client Group Shelton
Listing date Feb 18, 2026
Source Crexi
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 NorthEast Private Client Group Shelton
HighLights
- Significant value‑add opportunity through rent increases, with current rents $282 below market average.
- Recent capital improvements exceeding $200,000, including new roof (2023), fire alarm/emergency lighting upgrades (2024), and new appliances (2025).
- Professionally managed with stable ownership for approximately 10 years.
- Located along Chicopee's primary retail corridor with strong visibility and access to major highways.
- Ample off‑street parking for residents and visitors.
- On‑site laundry facility provides ancillary income.
Overview
Court View Commons is a 24-unit multifamily property located in Chicopee, Massachusetts. The property consists of 24 one-bedroom apartment units. Tenants are responsible for paying their electric heat and hot water. The property has been under current ownership for approximately 10 years and is professionally managed. Over $200,000 in capital improvements have been made during the ownership period, including replacement of the mansard roof in 2023, upgrades to the fire alarm and emergency lighting systems in 2024, and over $5,000 in new appliances in 2025. In the past year, 10 units were turned over, with modest interior upgrades completed across all units. The property provides ample off-street parking for residents and visitors, as well as an on-site laundry facility that generates ancillary income. The property offers a value-add opportunity through the ability to increase rents to prevailing market levels. The current average rents are $1,118 per unit, which is approximately $282 below market compared to comparable one-bedroom units in Chicopee achieving average rents of approximately $1,400. Court View Commons is located along Chicopee’s primary retail and commercial corridor, providing strong visibility and access to major transportation routes, including Interstates 91 and 391 and the Massachusetts Turnpike (I-90). The location also benefits from proximity to retail services, grocery stores, and regional employment centers, including Westover Air Reserve Base. The property size is 13,200 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicopee
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5716909
- Latitude
- 42.2134933
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property with value-add opportunity in a prime location.
Where is this apartment building located?
The property is located at 2053 Memorial Dr Chicopee, MA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Significant value‑add opportunity through rent increases, with current rents $282 below market average.; Recent capital improvements exceeding $200,000, including new roof (2023), fire alarm/emergency lighting upgrades (2024), and new appliances (2025).; Professionally managed with stable ownership for approximately 10 years.
