Three-Story Multifamily
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
(413) 246-2691
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.
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
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
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
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Current Use
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
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
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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
