4-Unit Quadplex with
27 Hillman Street, Chicopee, MA 01020
For Sale
New
$690,000
Apartments feature eat-in kitchens, covered porches, and separate electric meters, with one unit currently vacant.
Property Size1,930 SF
Price / SF$142.71
Days on Market7
Property Features for 27 Hillman Street
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
covered porches
off-street parking
Building Details
Building Size
Year Built
Listing Agency:
PRIVI Realty LLC
Listed By:
Nghia Nguyen
(508) 468-4329
Source:
Iverty
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 5:42AM
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 PRIVI Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this 4,835-square-foot quadplex contains four apartments and a three-bay garage. Each unit has living space, an eat-in kitchen, pantry, tin ceilings, and a covered porch. One apartment is vacant. Improvements include updated flooring, fresh interior paint, replacement windows in most of the building, and substantial plumbing and electrical work. Separate electric meters, gas boilers, and newer hot water tanks serve the property; tenants pay their own utilities.
The property is on a dead-end street in Chicopee, among primarily single-family homes. Off-street parking and a yard are also included.
The property is on a dead-end street in Chicopee, among primarily single-family homes. Off-street parking and a yard are also included.
Key Highlights
- Four apartments in a 4,835‑square‑foot building constructed in 1930
- Three‑bay garage
- One unit is vacant; tenants pay their own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,327
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,540
$1.3M
Cap Rate 7%
$904,671
$904.7K
Cap Rate 9%
$703,633
$703.6K
Market Conditions
NOI Build-Up for 4,835 SF
Gross rent
$95.7K $19.80/SF
− Vacancy
−$5.3K −$1.09/SF
EGI
$90.5K $18.71/SF
− OpEx
−$27.1K −$5.61/SF
NOI
$63.3K $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%
$1,266,540
Cap Rate 7%
$904,671
Cap Rate 9%
$703,633
Alternative Uses
Best Use
Multifamily LT 5
$904.7K
$791.6K – $1.06M
NOI $63,327 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$838.4K
$733.6K – $978.1K
NOI $58,688 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,594 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
260
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
$259,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Hampden County, MA
Properties on Market for Quadplexes in Hampden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Apartments feature eat-in kitchens, covered porches, and separate electric meters, with one unit currently vacant.
Where is this quadplex located?
The property is located at 27 Hillman Street Chicopee, MA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Four apartments in a 4,835‑square‑foot building constructed in 1930; Three‑bay garage; One unit is vacant; tenants pay their own utilities
