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Three-Unit Residential Income Property
For Sale
$325,000
Pending

514 Grattan St, Chicopee, MA 01020

Large three-family property with six bedrooms across three stories, separate utilities, and basement storage for each unit.

Property Size4,158 SF
Lot Size0.12 Acres
Days on Market80

Property Features for 514 Grattan St

General Information

Standard status Pending
Size 4,158 SF
Lot size 0.12 Acres
Property subtype 3 Family
Occupancy 100%

Building Details

Year Built 1905
Stories 3
Listing Agency: Berkshire Hathaway HomeServices Realty Professionals
Listed By: Kimberly Allen Team
Source: Lockandkeyre
Added: Jun 18 Changed: Sep 4 Last Checked: Sep 5 at 7:14AM

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 Berkshire Hathaway HomeServices Realty Professionals

Investment Insights

Based on property information with market context.

This large three-family residential income property is arranged across three stories and totals six bedrooms. The offering includes separate utilities and individual storage in the basement, supporting self-contained unit living. The property is being sold as-is.

The rear parking area includes a section located on adjacent property behind the building and is not included in the sale. Hot water tanks are leased, and the property is fully occupied with longtime tenants staying in place.

The building sits on a 5,200 square foot lot, providing a substantial footprint for the structure and surrounding grounds.

Key Highlights

  • 3‑family property built in 1905 with a layout across three stories
  • Total of six bedrooms, offering accommodation for multiple living arrangements
  • 6,200 sq ft lot with a substantial footprint for the building and surrounding grounds

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Accounting Firm Computer & Electronic Repair (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

449
Businesses Nearby

Demographics for 01020, MA

29,781
Population
14,154
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
2,382
Density / Sq Mi
$70,971
Median Household Income
$45,378
Median Earnings
$1,153
Median Rent
$259,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Large three-family property with six bedrooms across three stories, separate utilities, and basement storage for each unit.
Where is this triplex located?
The property is located at 514 Grattan St Chicopee, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 3‑family property built in 1905 with a layout across three stories; Total of six bedrooms, offering accommodation for multiple living arrangements; 6,200 sq ft lot with a substantial footprint for the building and surrounding grounds
More about this property
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