Renovated Duplex with Finished
65 Stearns Terrace Chicopee, MA 01013
65 Stearns Terrace, Chicopee, MA, 01013
$489,000
For Sale
$489,000
Fully renovated duplex with remodeled kitchens, a connected finished attic, and a newly built four-car garage.
Property Size2,624 SF
Price / SF$186.36
Days on Market120
Property Features for 65 Stearns Terrace
General Information
- Standard status
- Active
- Size
- 2,624 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1923
Listing agency
Acuna Real Estate
(413) 739-5787
Listed by
Dalbert Rodriguez · License #9587416
(413) 739-5787
Source
Compass
Added: Mar 24 Updated: Jul 20 at 6:02PM Checked: Jul 21 at 6:05AM
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 Acuna Real Estate
Investment Insights
Based on property information with market context.
65 Stearns Terrace presents a fully renovated duplex with updates carried throughout the property. The kitchens were remodeled in 2020 and include updated cabinetry and functional, modern layouts. The second-floor unit features a connected finished attic that adds additional living space, offering flexibility for a range of household uses.
The property is located in Chicopee near Elms College and just minutes from Interstate 91, supporting convenient commuting and everyday access. A newly constructed four-car garage and a large backyard add significant practical value for storage, parking, and outdoor space. Nearby are new parks, local amenities, and the revitalized downtown Chicopee area.
The property is located in Chicopee near Elms College and just minutes from Interstate 91, supporting convenient commuting and everyday access. A newly constructed four-car garage and a large backyard add significant practical value for storage, parking, and outdoor space. Nearby are new parks, local amenities, and the revitalized downtown Chicopee area.
Key Highlights
- Fully renovated multi‑family (duplex) with remodeled interiors and upgraded finishes throughout
- Remodeled kitchens in 2020 with updated cabinetry and stone/granite/solid counters
- Second‑floor unit includes a connected finished attic for added flexible living space
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 | $52.0k | $19.80 |
| − Vacancy | −$2.9k | −$1.09 |
| EGI | $49.1k | $18.71 |
| − OpEx | −$14.7k | −$5.61 |
| NOI | $34.4k | $13.10 |
2,624 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$491.0K
$429.6K – $572.8K
NOI $34,368 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,206 @ 7.0% cap · market cap 23.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated duplex with remodeled kitchens, a connected finished attic, and a newly built four-car garage.
Where is this duplex located?
The property is located at 65 Stearns Terrace Chicopee, MA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Fully renovated multi‑family (duplex) with remodeled interiors and upgraded finishes throughout; Remodeled kitchens in 2020 with updated cabinetry and stone/granite/solid counters; Second‑floor unit includes a connected finished attic for added flexible living space
