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Three-Story Multifamily Property
For Sale
$589,000

418 Chicopee Street, Chicopee, MA 01013

Six bedrooms and three full bathrooms are arranged across three levels.

Property Size3,434 SF
Lot Size0.41 Acres
Price / SF$171.52
Days on Market40

Property Features for 418 Chicopee Street

General Information

Standard status Active
Size 3,434 SF
Total Parking Spaces 2
Lot size 0.41 Acres
Property subtype Multi-family

Building Details

Year Built 1900
Stories 3
Listing Agency: Lis Real Estate,Inc.
Listed By: Roseann Bonatakis
Source: Murphyrealtors
Added: Sep 5 Changed: Oct 11 Last Checked: Oct 12 at 8:11PM

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 Lis Real Estate,Inc.

Investment Insights

Based on property information with market context.

Built in 1900, this 3,434-square-foot multifamily property has three stories, six bedrooms, and three full bathrooms. The kitchen includes a peninsula, and a two-car garage provides additional on-site space.

The building occupies a corner lot measuring 17,854 square feet in Chicopee, Massachusetts.

Key Highlights

  • 3,434‑square‑foot multifamily property built in 1900
  • Six bedrooms and three full bathrooms across three stories
  • Two‑car garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$41,683
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,660 $833.7K
Cap Rate 7%
$595,471 $595.5K
Cap Rate 9%
$463,144 $463.1K
Market Conditions
NOI Build-Up for 3,434 SF
Gross rent
$79.9K $23.28/SF
− Vacancy
−$4.2K −$1.21/SF
EGI
$75.8K $22.07/SF
− OpEx
−$34.1K −$9.93/SF
NOI
$41.7K $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%
$833,660
Cap Rate 7%
$595,471
Cap Rate 9%
$463,144

Alternative Uses

Best Use
Apartment 5plus
$595.5K
$521.0K – $694.7K (±1% cap)
NOI $41,683 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M (±1% cap)
NOI $148,151 @ 7.0% cap · market cap 25.15%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

325
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Six bedrooms and three full bathrooms are arranged across three levels.
Where is this multifamily property located?
The property is located at 418 Chicopee Street Chicopee, MA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 3,434‑square‑foot multifamily property built in 1900; Six bedrooms and three full bathrooms across three stories; Two‑car garage
More about this property
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