Updated Split-Level
For Sale
$359,900
Pending
445 Oldfield Rd, Chicopee, MA 01013
Separate utilities and dedicated laundry hookups serve both residences.
Property Size2,096 SF
Days on Market61
Property Features for 445 Oldfield Rd
General Information
Standard status
Pending
Size
2,096 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,383
Amenities
separate laundry hookups
fenced-in yard
storage shed
Building Details
Building Size
2,096 SF
Year Built
1969
Stories
2
Units
2
Listing Agency:
Kelley & Katzer Real Estate, LLC
(413) 209-9933
Listed By:
Kelley & Katzer Team
(413) 209-9933
Source:
Aucoinryanrealty
Added: Jul 4
Changed: Aug 31
Last Checked: Aug 31 at 1:57AM
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 Kelley & Katzer Real Estate, LLC
Investment Insights
Based on property information with market context.
This two-family duplex at 445 Oldfield Rd features a split-level configuration with one two-bedroom residence and one three-bedroom residence. Both units include their own utility arrangements, while dedicated laundry hookups are located in a shared utility room. The first unit includes an updated kitchen and bathroom, fresh paint, and a bright bathroom finish. The second residence has undergone additional renovation, including a new kitchen with granite countertops, tiled backsplash, and stainless appliances, along with an updated bathroom and flooring.
The property also includes a fenced yard, storage shed, and off-street parking. Its Willimansett setting overlooks a local driving range and provides a residential neighborhood context. Built in 1969, the duplex is currently owner occupied and offers separate electric service for the residences.
The property also includes a fenced yard, storage shed, and off-street parking. Its Willimansett setting overlooks a local driving range and provides a residential neighborhood context. Built in 1969, the duplex is currently owner occupied and offers separate electric service for the residences.
Key Highlights
- Two‑family duplex with 2‑bedroom and 3‑bedroom residences
- Split‑level layout with separate electric utilities
- Renovated 3‑bedroom unit with granite counters and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,453
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,060
$549.1K
Cap Rate 7%
$392,186
$392.2K
Cap Rate 9%
$305,033
$305.0K
Market Conditions
NOI Build-Up for 2,096 SF
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.
Gross rent
$41.5K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$39.2K $18.71/SF
− OpEx
−$11.8K −$5.61/SF
NOI
$27.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,060
Cap Rate 7%
$392,186
Cap Rate 9%
$305,033
Alternative Uses
Best Use
Multifamily LT 5
$392.2K
$343.2K – $457.6K
NOI $27,453 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$363.5K
$318.0K – $424.0K
NOI $25,442 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,426 @ 7.0% cap · market cap 25.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
282
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and dedicated laundry hookups serve both residences.
Where is this duplex located?
The property is located at 445 Oldfield Rd Chicopee, MA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑family duplex with 2‑bedroom and 3‑bedroom residences; Split‑level layout with separate electric utilities; Renovated 3‑bedroom unit with granite counters and stainless appliances
