Updated Two-Family
For Sale
$435,000
69 Bonner St, Chicopee, MA 01013
Residential Income, Chicopee, MA
Property Size2,138 SF
Lot Size0.11 Acres
Price / SF$203.46
Days on Market48
Property Features for 69 Bonner St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Parking
6
Directions
USE GPS
Standard status
Active
APN
M:0470 B:00015 L:0000,2508102
Size
2,138 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3999
Amenities
fenced yard
storage shed
washer/dryer hookups
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX IGNITE · RE/MAX International
(413) 391-7928
Listed By:
Daisy Sanchez · License #9523217
(413) 221-8070
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 13 at 11:06PM
MLS# 73555693
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1920 duplex contains two residential units within 2,138 square feet. The first-floor apartment has an open living and dining area, an eat-in kitchen, full bathroom, and spacious bedrooms. The upper unit includes a formal dining room, kitchen, living room, full bathroom, and generously sized bedrooms. The first-floor unit is currently occupied.
Separate electrical panels and boilers serve the units, while distinct basement areas provide laundry and storage space. Washer and electric dryer hookups are available for tenants. Property improvements include vinyl siding, replacement windows, heating-system and electrical updates, and a recently painted front porch. A Rheem hot water tank serving the first floor was replaced approximately in 2025. The 0.1148-acre lot also includes a large driveway, fenced yard, and storage shed in Chicopee, Massachusetts.
Separate electrical panels and boilers serve the units, while distinct basement areas provide laundry and storage space. Washer and electric dryer hookups are available for tenants. Property improvements include vinyl siding, replacement windows, heating-system and electrical updates, and a recently painted front porch. A Rheem hot water tank serving the first floor was replaced approximately in 2025. The 0.1148-acre lot also includes a large driveway, fenced yard, and storage shed in Chicopee, Massachusetts.
Key Highlights
- Two‑unit duplex totaling 2,138 square feet
- First‑floor unit currently occupied
- Separate electrical panels and two boilers
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
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Open Analytics
Current Use
Lease Details
2
Residential units
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
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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 residential units with separate utilities, basement storage, off-street parking, and a fenced yard.
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: Two‑unit duplex totaling 2,138 square feet; First‑floor unit currently occupied; Separate electrical panels and two boilers
