Two-Unit Residential Income
45 Hastings Street Chicopee, MA 01020
45 Hastings Street, Chicopee, MA, 01020
$370,000
For Sale
$370,000
Well-maintained duplex with separate utilities, off-street parking, and updated exterior improvements in recent years.
Property Size2,134 SF
Price / SF$173.38
Days on Market156
Property Features for 45 Hastings Street
General Information
- Standard status
- Active
- Size
- 2,134 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1880
Listing agency
NRG Real Estate Services, Inc.
(413) 567-2100
Listed by
Leslie Brunelle · License #9079299
(413) 567-2100
Source
Compass
Added: Feb 17 Updated: Jul 23 at 3:27AM Checked: Jul 23 at 3:27AM
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 NRG Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers flexible occupancy options, with both units delivered vacant at closing. The property includes updates to the roof (2022), windows (2023), siding (2023), gutters (2024), front and back doors, and rebuilt front porches (2013). Additional features include a rear deck and a shed for extra storage.
The first-floor unit includes 4 rooms with 2 bedrooms, a pantry, hardwood floors throughout, a gas stove and refrigerator, and a laundry hookup in the kitchen. The second unit spans the 2nd and 3rd floors and includes 5 rooms with 3 bedrooms, carpeting, and a kitchen with a stove, refrigerator, dishwasher, and a vaulted ceiling.
Separate utilities are provided for each unit, with oil heat for the 1st floor and gas heat for the 2nd. An oversized driveway supports off-street parking, and the property is positioned on a corner lot near restaurants, shops, schools, parks, and highways.
The first-floor unit includes 4 rooms with 2 bedrooms, a pantry, hardwood floors throughout, a gas stove and refrigerator, and a laundry hookup in the kitchen. The second unit spans the 2nd and 3rd floors and includes 5 rooms with 3 bedrooms, carpeting, and a kitchen with a stove, refrigerator, dishwasher, and a vaulted ceiling.
Separate utilities are provided for each unit, with oil heat for the 1st floor and gas heat for the 2nd. An oversized driveway supports off-street parking, and the property is positioned on a corner lot near restaurants, shops, schools, parks, and highways.
Key Highlights
- 2‑family (duplex) home built in 1880 with separate utilities for both units
- Exterior improvements include roof (2022), windows (2023), siding (2023), gutters (2024), and rebuilt front porches (2013)
- Corner lot with porch and rear deck, plus shed for extra storage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.3k | $19.80 |
| − Vacancy | −$2.3k | −$1.09 |
| EGI | $39.9k | $18.71 |
| − OpEx | −$12.0k | −$5.61 |
| NOI | $28.0k | $13.10 |
2,134 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.3K
$349.4K – $465.8K
NOI $27,950 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$370.0K
$323.8K – $431.7K
NOI $25,903 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,066 @ 7.0% cap · market cap 24.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with separate utilities, off-street parking, and updated exterior improvements in recent years.
Where is this duplex located?
The property is located at 45 Hastings Street Chicopee, MA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 2‑family (duplex) home built in 1880 with separate utilities for both units; Exterior improvements include roof (2022), windows (2023), siding (2023), gutters (2024), and rebuilt front porches (2013); Corner lot with porch and rear deck, plus shed for extra storage
