Well-Maintained Two-Family
For Sale
$474,900
38 Bonner Street, Chicopee, MA 01013
Two units with hardwood floors, enclosed porches, and a fenced backyard with patio; delivered vacant at closing.
Property Size2,128 SF
Price / SF$223.17
Days on Market125
Property Features for 38 Bonner Street
General Information
Standard status
Active
Size
2,128 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Zoning
RES
Net Operating Income
$43,200
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,028
Building Details
Building Size
2,128 SF
Year Built
1920
Stories
2
Listing Agency:
Class Realty, Inc.
(413) 786-1834
Listed By:
Nikolay Yusenko · License #9035453
(413) 348-0950
Source:
Churchillprop
Added: Jun 18
Changed: Oct 15
Last Checked: Oct 19 at 3:44AM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,872
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,440
$557.4K
Cap Rate 7%
$398,171
$398.2K
Cap Rate 9%
$309,689
$309.7K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$42.1K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.8K $18.71/SF
− OpEx
−$11.9K −$5.61/SF
NOI
$27.9K $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%
$557,440
Cap Rate 7%
$398,171
Cap Rate 9%
$309,689
Alternative Uses
Best Use
Multifamily LT 5
$398.2K
$348.4K – $464.5K
NOI $27,872 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$369.0K
$322.9K – $430.5K
NOI $25,830 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,807 @ 7.0% cap · market cap 19.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
335
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
Check the figures for this property
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?
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 $474,900.
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
