Two-Family Duplex with Vacant Second
For Sale
$435,000
69 Bonner St, Chicopee, MA 01013
Two-family duplex with a vacant second-floor unit, separate basement laundry and storage for each side, and off-street parking.
Property Size2,138 SF
Price / SF$203.46
Days on Market50
Property Features for 69 Bonner St
General Information
Standard status
Active
Size
2,138 SF
Property subtype
Multi Family
Building Details
Building Size
2,138 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Jul 28
Changed: Sep 14
Last Checked: Sep 15 at 5:57AM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex offers flexibility for both investors and owner-occupants, with the second-floor unit delivered vacant. Each unit features a spacious layout with combined living and dining areas, large eat-in kitchens, full bathrooms, and generously sized bedrooms.
The basement includes separate laundry and storage areas for each unit. A large driveway provides ample off-street parking, supporting everyday access and tenant convenience.
Built in 1920, the home is set up to support independent day-to-day living for both units while giving room to personalize over time. Walk Score is 31 (Car-Dependent), Bike Score is 34 (Somewhat Bikeable), and Transit Score is 44 (Some Transit).
The basement includes separate laundry and storage areas for each unit. A large driveway provides ample off-street parking, supporting everyday access and tenant convenience.
Built in 1920, the home is set up to support independent day-to-day living for both units while giving room to personalize over time. Walk Score is 31 (Car-Dependent), Bike Score is 34 (Somewhat Bikeable), and Transit Score is 44 (Some Transit).
Key Highlights
- Second‑floor unit delivered vacant
- Separate basement laundry and storage for each unit
- Large driveway with ample off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,003
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$560,060
$560.1K
Cap Rate 7%
$400,043
$400.0K
Cap Rate 9%
$311,144
$311.1K
Market Conditions
NOI Build-Up for 2,138 SF
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.
Gross rent
$42.3K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$40.0K $18.71/SF
− OpEx
−$12.0K −$5.61/SF
NOI
$28.0K $13.10/SF
Area
Hampden County, MA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$560,060
Cap Rate 7%
$400,043
Cap Rate 9%
$311,144
Alternative Uses
Best Use
Multifamily LT 5
$400.0K
$350.0K – $466.7K
NOI $28,003 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$370.7K
$324.4K – $432.5K
NOI $25,951 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,238 @ 7.0% cap · market cap 21.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 01013, MA
23,656
Population
10,309
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
4,150
Density / Sq Mi
$64,039
Median Household Income
$45,268
Median Earnings
$1,005
Median Rent
$249,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with a vacant second-floor unit, separate basement laundry and storage for each side, and off-street parking.
Where is this duplex located?
The property is located at 69 Bonner St Chicopee, MA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Second‑floor unit delivered vacant; Separate basement laundry and storage for each unit; Large driveway with ample off‑street parking
