Chicopee Multifamily Investment
510 McKinstry Ave, Chicopee, MA 01020
Well-maintained 24-unit apartment building in Chicopee, Massachusetts.
Type:Multifamily
Property size:
14,300 SFPrice / SF:
$209/SF- Added:
- Feb 18, 2026
- Days on Market:
- 83
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 510 McKinstry Ave
General Information
- Standard status
- Active
- Size
- 14,300 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1985
Listing agent Taylor Perun License #MA134963
Listing office NorthEast Private Client Group Shelton
Listing date Feb 18, 2026
Source Crexi
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 NorthEast Private Client Group Shelton
HighLights
- Significant value‑add opportunity with rents 23‑25% below market, offering potential for increased rental income.
- Meticulously maintained 24‑unit multifamily property with substantial recent capital improvements, including roof replacement and parking lot renovation.
- Six units recently renovated within the past year.
- Tenants pay for their own heat and hot water through separately metered, all‑electric systems.
- Professionally managed for the past two years.
- Convenient access to I‑391 and the Massachusetts Turnpike (I‑90).
Overview
Alden Edge Apartments is a 24-unit multifamily community in Chicopee, Massachusetts, comprising 13 one-bedroom units and 11 two-bedroom units. The property has been under the same ownership for 10 years and professionally managed for the last two years. All apartments are separately metered, with tenants responsible for their own heat and hot water, provided through all-electric systems. The 14,300 square foot property has undergone several capital improvements, including a parking lot renovation in 2017, a mansard roof replacement in 2023, fire alarm and emergency lighting system upgrades and new gutters in 2024, and a top roof replacement planned for 2025. Over $6,000 in new appliances were installed in 2025, and six units have been renovated within the past year. The property is located near I-391 and the Massachusetts Turnpike (I-90), one mile away, and is also minutes from the Memorial Drive commercial corridor, offering proximity to shopping, dining, grocery stores, and national retailers. The property presents a value-add opportunity for new ownership.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Alden Edge Apts
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Chicopee
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6055851
- Latitude
- 42.1721695
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 24-unit apartment building in Chicopee, Massachusetts.
Where is this apartment building located?
The property is located at 510 McKinstry Ave Chicopee, MA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Significant value‑add opportunity with rents 23‑25% below market, offering potential for increased rental income.; Meticulously maintained 24‑unit multifamily property with substantial recent capital improvements, including roof replacement and parking lot renovation.; Six units recently renovated within the past year.
