Two-Family Residential Income
28 Maple Street Chicopee, MA 01020
28 Maple Street, Chicopee, MA, 01020
$349,900
For Sale
$349,900
Two-unit home with separate electric and gas heating systems, off-street parking, and a fenced backyard.
Property Size1,944 SF
Price / SF$179.99
Days on Market97
Property Features for 28 Maple Street
General Information
- Standard status
- Active
- Size
- 1,944 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1880
Listing agency
ERA M Connie Laplante Real Estate
(413) 536-9111
Listed by
Dakota Richards · License #9561778
(413) 536-9111
Source
Compass
Added: Apr 16 Updated: Jul 20 at 6:33PM Checked: Jul 21 at 8:29AM
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 ERA M Connie Laplante Real Estate
Investment Insights
Based on property information with market context.
28 Maple Street is a two-family residence configured for separate living spaces. The first-floor unit has 2 bedrooms and 1 full bath and is currently vacant, with electric heat. The second-floor unit offers 3 bedrooms and 1 bath and features a spacious open floor plan, an eat-in kitchen, and a vaulted ceiling in the living room, with gas heating.
The property includes off-street parking and a fenced backyard. Laundry hook-up options are available across the home, including in the front hall on the first floor, in the basement, and within the first-floor unit for a stackable set.
This layout supports both owner-occupancy and rental use, with two distinct heating systems and bedroom counts suited to different household needs.
The property includes off-street parking and a fenced backyard. Laundry hook-up options are available across the home, including in the front hall on the first floor, in the basement, and within the first-floor unit for a stackable set.
This layout supports both owner-occupancy and rental use, with two distinct heating systems and bedroom counts suited to different household needs.
Key Highlights
- Two‑family home built in 1880 with 2 full baths and interior laundry hook‑ups for both floors and the basement
- First‑floor unit: 2 bedrooms, 1 full bath, currently vacant, with electric heat
- Second‑floor unit: 3 bedrooms, 1 bath, with an open floor plan, eat‑in kitchen, vaulted ceiling, and gas heating system
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 | $38.5k | $19.80 |
| − Vacancy | −$2.1k | −$1.09 |
| EGI | $36.4k | $18.71 |
| − OpEx | −$10.9k | −$5.61 |
| NOI | $25.5k | $13.10 |
1,944 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.7K
$318.3K – $424.4K
NOI $25,462 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,597 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,869 @ 7.0% cap · market cap 23.97%
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 - Two-unit home with separate electric and gas heating systems, off-street parking, and a fenced backyard.
Where is this duplex located?
The property is located at 28 Maple Street Chicopee, MA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑family home built in 1880 with 2 full baths and interior laundry hook‑ups for both floors and the basement; First‑floor unit: 2 bedrooms, 1 full bath, currently vacant, with electric heat; Second‑floor unit: 3 bedrooms, 1 bath, with an open floor plan, eat‑in kitchen, vaulted ceiling, and gas heating system
