Move-In Ready Two-Family
250 School St Chicopee, MA 01013
250 School St, Chicopee, MA, 01013
$424,900
For Sale
$424,900
Renovated two-family property with 2 bedrooms per unit, full baths, a finished basement, and a two-car garage.
Property Size2,318 SF
Price / SF$183.30
Days on Market58
Property Features for 250 School St
General Information
- Standard status
- Active
- Size
- 2,318 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Sagan Harborside Sotheby's International Realty
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: May 27 Updated: Jul 22 at 7:55PM Checked: Jul 22 at 7:55PM
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 Sagan Harborside Sotheby's International Realty
Investment Insights
Based on property information with market context.
This fully renovated, move-in ready two-family property offers two residential units, each with 2 bedrooms, a spacious living room and dining room, and a full bathroom. Interior features include beautiful hardwood floors and updated windows. The home also includes a finished basement with a full bathroom, along with a new roof and a two-car garage.
The property is conveniently located near local amenities, shopping, restaurants, and highways, providing practical day-to-day access.
With a turnkey renovation and an added basement bath, the layout supports flexible occupancy while maintaining separate unit living.
The property is conveniently located near local amenities, shopping, restaurants, and highways, providing practical day-to-day access.
With a turnkey renovation and an added basement bath, the layout supports flexible occupancy while maintaining separate unit living.
Key Highlights
- Fully renovated vacant two‑family property (built 1920), move‑in ready
- Each unit offers 2 bedrooms, spacious living and dining rooms, and a full bathroom
- Updated windows and beautiful hardwood floors throughout
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 | $45.9k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $43.4k | $18.71 |
| − OpEx | −$13.0k | −$5.61 |
| NOI | $30.4k | $13.10 |
2,318 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.7K
$379.5K – $506.0K
NOI $30,360 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,004 @ 7.0% cap · market cap 23.54%
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 - Renovated two-family property with 2 bedrooms per unit, full baths, a finished basement, and a two-car garage.
Where is this duplex located?
The property is located at 250 School St Chicopee, MA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Fully renovated vacant two‑family property (built 1920), move‑in ready; Each unit offers 2 bedrooms, spacious living and dining rooms, and a full bathroom; Updated windows and beautiful hardwood floors throughout
