Well-Maintained Two-Family
38 Bonner Street Chicopee, MA 01013
38 Bonner Street, Chicopee, MA, 01013
$489,900
For Sale
$489,900
Two units with hardwood floors, enclosed porches, and a fenced backyard with patio; delivered vacant at closing.
Property Size2,128 SF
Price / SF$230.22
Days on Market34
Property Features for 38 Bonner Street
General Information
- Standard status
- Active
- Size
- 2,128 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1920
Listing agency
Class Realty, Inc.
(413) 348-0950
Listed by
Nikolay Yusenko
(413) 348-0950
Source
Lockandkeyre
Added: Jun 18 Updated: Jul 21 at 5:17AM Checked: Jul 21 at 5:17AM
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 Class Realty, Inc.
Investment Insights
Based on property information with market context.
Well-maintained two-family home configured as a first-floor unit with two bedrooms and a second-floor unit with three bedrooms. Main living areas and bedrooms feature hardwood floors, and the home is equipped with electric baseboard heating and a gas water heater. Exterior and exterior-adjacent improvements include enclosed porches, vinyl siding, and a fenced-in backyard with a patio.
Located on a cozy lot in a quiet neighborhood with minimal through traffic, the property is conveniently near shopping, public transportation, medical facilities, and other everyday amenities.
The home will be delivered fully vacant at closing, offering flexibility for owner-occupancy or rental use across both units.
Located on a cozy lot in a quiet neighborhood with minimal through traffic, the property is conveniently near shopping, public transportation, medical facilities, and other everyday amenities.
The home will be delivered fully vacant at closing, offering flexibility for owner-occupancy or rental use across both units.
Key Highlights
- Two‑family home built in 1920 with a first‑floor 2‑bedroom unit and a second‑floor 3‑bedroom unit
- Hardwood floors in main living areas and bedrooms
- Electric baseboard heating and a gas water heater
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 | $42.1k | $19.80 |
| − Vacancy | −$2.3k | −$1.09 |
| EGI | $39.8k | $18.71 |
| − OpEx | −$11.9k | −$5.61 |
| NOI | $27.9k | $13.10 |
2,128 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.2K
$348.4K – $464.5K
NOI $27,872 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$369.0K
$322.9K – $430.5K
NOI $25,830 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,807 @ 7.0% cap · market cap 18.74%
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 units with hardwood floors, enclosed porches, and a fenced backyard with patio; delivered vacant at closing.
Where is this duplex located?
The property is located at 38 Bonner Street Chicopee, MA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two‑family home built in 1920 with a first‑floor 2‑bedroom unit and a second‑floor 3‑bedroom unit; Hardwood floors in main living areas and bedrooms; Electric baseboard heating and a gas water heater
