Duplex with Private
56-58 Grattan Street Chicopee, MA 01020
For Sale
$399,900
Well-maintained duplex with two 3-bedroom units, separate utilities, first-floor laundry hookups, and a detached 2-car garage.
Property Size2,128 SF
Price / SF$187.92
Days on Market31
Property Features for 56-58 Grattan Street
General Information
- Standard status
- Active
- Size
- 2,128 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing Agency:
Executive Real Estate,Inc.
(413) 364-2160
Listed By:
Nunley Group
Source:
Gregoryhaughton
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 23 at 2:30PM
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 well-maintained duplex offers two separate 3-bedroom, 1-bath units with separate utilities for straightforward management. One unit is vacant at closing, featuring fresh vinyl flooring and includes a range and refrigerator. Both units include first-floor laundry hookups.
The property includes a private backyard, a paved driveway, and a detached 2-car garage with space for up to 4 total parking spaces. Public sewer and public water services are in place, with gas heat.
A new roof was installed in 2019, according to the prior listing. The seller notes the property will be fully vacant at closing, with the current annual gross income cited as $20,280.
The property includes a private backyard, a paved driveway, and a detached 2-car garage with space for up to 4 total parking spaces. Public sewer and public water services are in place, with gas heat.
A new roof was installed in 2019, according to the prior listing. The seller notes the property will be fully vacant at closing, with the current annual gross income cited as $20,280.
Key Highlights
- Duplex built in 1910 with two 3‑bedroom, 1‑bath units
- Separate utilities for each unit for easier management
- Vacant at closing; the vacant unit has fresh vinyl flooring plus range and 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 | $42.1k | $19.80 |
| − Vacancy | −$2.3k | −$1.09 |
| EGI | $39.8k | $18.71 |
| − OpEx | −$11.9k | −$5.61 |
| NOI | $27.9k | $13.10 |
2,128 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.2K
$348.4K – $464.5K
NOI $27,872 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$369.0K
$322.9K – $430.5K
NOI $25,830 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,807 @ 7.0% cap · market cap 22.96%
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 - Well-maintained duplex with two 3-bedroom units, separate utilities, first-floor laundry hookups, and a detached 2-car garage.
Where is this duplex located?
The property is located at 56-58 Grattan Street Chicopee, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex built in 1910 with two 3‑bedroom, 1‑bath units; Separate utilities for each unit for easier management; Vacant at closing; the vacant unit has fresh vinyl flooring plus range and refrigerator
