Chicopee Two-Family
621 Chicopee Street, Chicopee, MA 01013
Well-maintained two-family property with updated first-floor unit.
Type:Multi-family
Property size:
1,732 SFPrice / SF:
$219/SF- Added:
- Jan 10, 2026
- Days on Market:
- 144
- Last Refresh:
- May 28 at 12:47 am
Property Features for 621 Chicopee Street
General Information
- Standard status
- Active
- Size
- 1,732 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing office Coldwell Banker Realty - Western MA
Listing date Jan 10, 2026
Source Fivecollegerealtors
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 Coldwell Banker Realty - Western MA
HighLights
- First‑floor unit recently remodeled with updated finishes and modern flooring.
- Delivered vacant July 1st, offering immediate occupancy or rental opportunity.
- Income‑producing second‑floor unit currently occupied.
- Convenient location with easy access to amenities, highways, and public transportation.
- Two‑family property with separate entrances and a fenced yard.
- Suitable for owner‑occupants or investors.
Overview
This well-maintained two-family property is located on Chicopee Street, offering convenient access to local amenities, highways, and public transportation. The property includes two units, each featuring two bedrooms. The first-floor unit has been recently remodeled with updated finishes, a refreshed kitchen, and modern flooring. The living spaces are bright, and the layouts are functional, making both units easy to rent and manage. The second-floor unit is currently occupied, providing immediate rental income. Separate entrances and a fenced yard enhance the property's practicality. The property, with a size of 1732 square feet, presents a solid opportunity for an owner-occupant or investor seeking a renovated unit with income in place. The home will be delivered vacant July 1st.
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 | $34.3k | $19.80 |
| − Vacancy | −$1.9k | −$1.09 |
| EGI | $32.4k | $18.71 |
| − OpEx | −$9.7k | −$5.61 |
| NOI | $22.7k | $13.10 |
1,732 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.1K
$283.6K – $378.1K
NOI $22,685 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$300.3K
$262.8K – $350.4K
NOI $21,023 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.07M
$934.0K – $1.25M
NOI $74,723 @ 7.0% cap · market cap 19.67%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Chicopee
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.6110429
- Latitude
- 42.1844353
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family property with updated first-floor unit.
Where is this duplex located?
The property is located at 621 Chicopee Street Chicopee, MA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: First‑floor unit **recently remodeled with updated finishes and modern flooring.**; Delivered vacant July 1st, offering **immediate occupancy or rental opportunity.**; Income‑producing second‑floor unit currently occupied.
