Two-Family Residential Income
519 Chicopee Street Chicopee, MA 01013
For Sale
$400,000
Two-unit duplex with two bedrooms and one full bath per unit, plus laundry hookups, appliances, garages, and dual driveways.
Property Size2,217 SF
Price / SF$180.42
Days on Market130
Property Features for 519 Chicopee Street
General Information
- Standard status
- Active
- Size
- 2,217 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency:
Executive Real Estate, Inc.
(413) 596-2212
Listed By:
Solymar Diaz · License #9571555
(413) 596-2212
Source:
Compass
Added: Mar 16
Changed: Jul 23
Last Checked: Jul 23 at 4:59AM
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 Executive Real Estate, Inc.
Investment Insights
Based on property information with market context.
This solid two-family duplex offers two bedrooms and one full bathroom in each unit. Both units include tall ceilings, appliances, and laundry hookups, providing straightforward everyday functionality. The second-floor unit will be delivered vacant, which can support an owner-occupant scenario or an investor looking to add flexibility to the tenancy mix. The first-floor unit is currently occupied by reliable tenants with a strong payment history.
The property includes a spacious lot with two driveways and two garages, supporting convenient parking and storage. Located at 519 Chicopee Street in Chicopee, MA, it is offered for sale with an open house scheduled for Monday, March 16th from 12–2 PM.
The property includes a spacious lot with two driveways and two garages, supporting convenient parking and storage. Located at 519 Chicopee Street in Chicopee, MA, it is offered for sale with an open house scheduled for Monday, March 16th from 12–2 PM.
Key Highlights
- Two‑family duplex with 2 bedrooms and 1 full bath in each unit
- Second‑floor unit delivered vacant for owner‑occupant or investment use; first‑floor unit has reliable tenants with strong payment history
- Interior includes vinyl and hardwood flooring, pantry, living room, kitchen, and sunroom; includes appliances (range, microwave, refrigerator)
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 | $43.9k | $19.80 |
| − Vacancy | −$2.4k | −$1.09 |
| EGI | $41.5k | $18.71 |
| − OpEx | −$12.4k | −$5.61 |
| NOI | $29.0k | $13.10 |
2,217 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.8K
$363.0K – $484.0K
NOI $29,038 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$384.4K
$336.4K – $448.5K
NOI $26,910 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,647 @ 7.0% cap · market cap 23.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with two bedrooms and one full bath per unit, plus laundry hookups, appliances, garages, and dual driveways.
Where is this duplex located?
The property is located at 519 Chicopee Street Chicopee, MA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑family duplex with 2 bedrooms and 1 full bath in each unit; Second‑floor unit delivered vacant for owner‑occupant or investment use; first‑floor unit has reliable tenants with strong payment history; Interior includes vinyl and hardwood flooring, pantry, living room, kitchen, and sunroom; includes appliances (range, microwave, refrigerator)
