Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    40 Orchard St Chicopee, MA 1013

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    Turnkey, fully rented triplex in a desirable Chicopee location.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 24 at 7:52 pm

    Property Features for 40 Orchard St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Erik Govoni

    Listing agent Erik Govoni

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Erik Govoni

    Overview

    Chicopee Triplex Investment Opportunity

    This well-maintained triplex in Chicopee presents a turnkey investment opportunity. The property features three spacious units, each with 6 rooms, 3 bedrooms, and 1 full bath. All units are currently rented, providing immediate cash flow. The units offer functional layouts with generous living space, making them desirable for long-term tenants. The property is conveniently located near shopping, dining, public transportation, and major highways. The location has a bike score of 50, making it bikeable, a walk score of 70, indicating it is very walkable, and a transit score of 50, suggesting good transit options.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5985365
    Latitude
    42.1468988

    Nearby Similar for Sale

    • $425,000
      3,500 SF

      Downtown Chicopee Commercial Property

      Commercial property in downtown Chicopee with full kitchen.
      66 Cabot St, Chicopee, MA 01013
      View Details
    • $450,000
      3,878 SF

      Commercial Buildings on Memorial Drive

      Two buildings with office and retail space on Memorial Drive.
      1839-1847 Memorial Dr, Chicopee, MA
      View Details
    • $499,000
      4,483 SF

      Turnkey Three-Family Investment Opportunity

      Renovated three-family property with strong income and owner-occupant potential.
      748 Grattan Street, Chicopee, MA 01013
      View Details
    • $549,900
      3,552 SF

      Renovated Three-Family Home in Chicopee

      Fully renovated, lead-certified three-family home in Chicopee's Willimansett neighborhood.
      199-201 Meadow Street, Chicopee, MA 01013
      View Details
    • $890,000

      Cash Flowing 7-Unit Property

      7-unit property with multiple income streams and recent updates.
      156 East St, Chicopee, MA 01020
      View Details
    • $499,000

      Turnkey Chicopee Triplex Investment Opportunity

      Renovated three-family property with strong income and owner-occupant potential.
      748 Grattan St, Chicopee, MA 01013
      View Details
    • $359,000
      1,518 SF

      Retail Building For Sale

      Retail building for sale on a busy road.
      1720 Westover Rd, Chicopee, MA
      View Details
    • $449,900

      Well-Maintained Three-Family Investment Property

      Turnkey investment property with strong cash flow potential.
      104-106 Madison St, Chicopee, MA 01020
      View Details
    • $250,000

      Commercial Space on Busy Corner

      Three-story commercial building with offices, retail space, and parking.
      1847 Memorial Dr, Chicopee, MA 01020
      View Details
    • $499,000
      4,483 SF

      Turnkey Three-Family Investment Opportunity

      Renovated three-family property with strong income and owner-occupant potential.
      748 Grattan Street, Chicopee, MA 01013
      View Details
    • $950,000
      10,301 SF

      Retail Property in Central Business

      Retail property with high visibility in a prime location.
      200 Exchange St, Chicopee, MA
      View Details
    • $2,995,000
      14,300 SF

      Chicopee Multifamily Investment Opportunity

      Well-maintained 24-unit apartment building in Chicopee, Massachusetts.
      510 McKinstry Ave, Chicopee, MA 01020
      View Details

    FAQs

    What type of property is this?
    Triplex - Turnkey, fully rented triplex in a desirable Chicopee location.
    Where is this triplex located?
    The property is located at 40 Orchard St Chicopee, MA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Turnkey 3‑family property providing immediate cash flow.; All three units are currently rented.; Each unit features 6 rooms, 3 bedrooms, and 1 full bath.
    (413) 273-9268
    We can help!
    Listing Contact
    Erik Govoni
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!