Updated Multifamily
For Sale
$520,000
32 Nassau St, Chicopee, MA 01013
Fully occupied multifamily building with in-unit laundry, refreshed kitchens, and open-plan interiors.
Property Size3,525 SF
Price / SF$147.52
Days on Market91
Property Features for 32 Nassau St
General Information
Standard status
Active
Size
3,525 SF
Property subtype
Multi-Family
Occupancy
100%
Amenities
in-unit laundry
Building Details
Year Built
1900
Year Renovated
2016
Listing Agency:
First Place Realty
Listed By:
Stephen Byrne
(413) 537-3518
Source:
Nrgrealestate
Added: Jul 18
Changed: Oct 3
Last Checked: Oct 16 at 1:37PM
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 First Place Realty
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Investment Insights
Based on property information with market context.
This multifamily property contains 3,525 square feet and was built in 1900. The building underwent a complete update in 2016, including open-plan interiors, renovated kitchens with granite countertops, stainless steel appliances, and laundry facilities within the units. Electric heat serves the property.
The building is located at 32 Nassau Street in Chicopee, Massachusetts, within ZIP code 01013. It is offered fully occupied, providing an existing occupied configuration for a buyer evaluating the property.
The building is located at 32 Nassau Street in Chicopee, Massachusetts, within ZIP code 01013. It is offered fully occupied, providing an existing occupied configuration for a buyer evaluating the property.
Key Highlights
- 3,525‑square‑foot multifamily property built in 1900
- Completely updated in 2016
- Open‑plan interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,787
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,740
$855.7K
Cap Rate 7%
$611,243
$611.2K
Cap Rate 9%
$475,411
$475.4K
Market Conditions
NOI Build-Up for 3,525 SF
Gross rent
$82.1K $23.28/SF
− Vacancy
−$4.3K −$1.21/SF
EGI
$77.8K $22.07/SF
− OpEx
−$35.0K −$9.93/SF
NOI
$42.8K $12.14/SF
Area
Hampden County, MA
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,740
Cap Rate 7%
$611,243
Cap Rate 9%
$475,411
Alternative Uses
Best Use
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,787 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,077 @ 7.0% cap · market cap 29.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 01013, MA
23,656
Population
10,309
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
4,150
Density / Sq Mi
$64,039
Median Household Income
$45,268
Median Earnings
$1,005
Median Rent
$249,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied multifamily building with in-unit laundry, refreshed kitchens, and open-plan interiors.
Where is this multifamily property located?
The property is located at 32 Nassau St Chicopee, MA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 3,525‑square‑foot multifamily property built in 1900; Completely updated in 2016; Open‑plan interiors
