Two-Family Duplex with Vacant Second
New
For Sale
$450,000
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.
Days on Market4
Property Features for 69 Bonner St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Building Size
2,138 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX IGNITE
(413) 426-5677
Listed By:
Jesenia Cabrera
(413) 426-5677
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 5:07AM
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 RE/MAX IGNITE
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 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 | $42.3k | $19.80 |
| − Vacancy | −$2.3k | −$1.09 |
| EGI | $40.0k | $18.71 |
| − OpEx | −$12.0k | −$5.61 |
| NOI | $28.0k | $13.10 |
2,138 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.0K
$350.0K – $466.7K
NOI $28,003 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$370.7K
$324.4K – $432.5K
NOI $25,951 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,238 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 $450,000.
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
