Four-Family Residential Income
64-66 Front Street Chicopee, MA 01013
New
For Sale
$599,900
Four-unit multifamily on a corner lot with off-street parking and one remodeled vacant unit.
Property Size4,080 SF
Price / SF$147.03
Days on Market6
Property Features for 64-66 Front Street
General Information
- Standard status
- Active
- Size
- 4,080 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1856
Listing Agency:
Coldwell Banker Realty - Western MA
Listed By:
The Generation Group
(617) 731-4644
Source:
Hammondre
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 25 at 7:02AM
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
Investment Insights
Based on property information with market context.
This well-maintained four-family residential income property includes four units on a spacious corner lot. One unit is completely remodeled and currently vacant, offering a move-in-ready option, while the remaining three units are occupied. The property also features a lifetime roof.
Additional practical amenities include off-street parking for 10+ vehicles. The address is 64-66 Front Street in Chicopee, MA, with the property described as being conveniently located near major highways and nearby shopping and dining.
As currently presented, ownership flexibility is supported by having one vacant remodeled unit alongside three occupied units.
Additional practical amenities include off-street parking for 10+ vehicles. The address is 64-66 Front Street in Chicopee, MA, with the property described as being conveniently located near major highways and nearby shopping and dining.
As currently presented, ownership flexibility is supported by having one vacant remodeled unit alongside three occupied units.
Key Highlights
- Four‑family multifamily on a corner lot in Chicopee Center
- Year built 1856
- Includes 4 units total: 3 occupied units plus 1 completely remodeled vacant unit move‑in ready
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 | $80.8k | $19.80 |
| − Vacancy | −$4.4k | −$1.09 |
| EGI | $76.3k | $18.71 |
| − OpEx | −$22.9k | −$5.61 |
| NOI | $53.4k | $13.10 |
4,080 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$763.4K
$668.0K – $890.7K
NOI $53,439 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$707.5K
$619.1K – $825.4K
NOI $49,524 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $176,021 @ 7.0% cap · market cap 29.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit multifamily on a corner lot with off-street parking and one remodeled vacant unit.
Where is this quadplex located?
The property is located at 64-66 Front Street Chicopee, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four‑family multifamily on a corner lot in Chicopee Center; Year built 1856; Includes 4 units total: 3 occupied units plus 1 completely remodeled vacant unit move‑in ready
