4-Unit Residential Income
90 Walnut St Chicopee, MA 01020
90 Walnut St, Chicopee, MA, 01020
$369,900
Pending
For Sale
$369,900
Pending
Well-maintained fourplex with one remodeled 1-bedroom unit, three studios, and ample off-street parking.
Property Size1,900 SF
Days on Market35
Property Features for 90 Walnut St
General Information
- Standard status
- Pending
- Size
- 1,900 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1885
Listing agency
Kelley & Katzer Real Estate, LLC
(413) 209-9933
Listed by
Kelley & Katzer Team
(413) 209-9933
Source
Lockandkeyre
Added: Jun 17 Updated: Jul 20 at 5:12PM Checked: Jul 21 at 3:26AM
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 Kelley & Katzer Real Estate, LLC
Investment Insights
Based on property information with market context.
This well-maintained four-unit residential income property includes one fully remodeled 1-bedroom unit and three studio apartments. The studio units are in place for future interior updates, while the current long-term tenants have expressed interest in remaining. Tenants pay their own electricity, and the units are heated with electric baseboard heat; the owner is responsible for domestic hot water.
The property offers ample off-street parking and is positioned with minimal exterior maintenance. Additional exterior and structural improvements include a newer driveway (approximately five years old) and new exterior decks.
A basement space has been professionally reinforced and skim-coated with concrete. The overall configuration provides a straightforward 4-unit setup suitable for an investor looking to add to or begin building a multifamily portfolio.
The property offers ample off-street parking and is positioned with minimal exterior maintenance. Additional exterior and structural improvements include a newer driveway (approximately five years old) and new exterior decks.
A basement space has been professionally reinforced and skim-coated with concrete. The overall configuration provides a straightforward 4-unit setup suitable for an investor looking to add to or begin building a multifamily portfolio.
Key Highlights
- Fourplex built in 1885 with 1 remodeled 1‑bedroom unit and three studio apartments
- Newer driveway is approximately 5 years old
- New exterior decks plus a professionally reinforced and skim‑coated basement with concrete
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 | $37.6k | $19.80 |
| − Vacancy | −$2.1k | −$1.09 |
| EGI | $35.6k | $18.71 |
| − OpEx | −$10.7k | −$5.61 |
| NOI | $24.9k | $13.10 |
1,900 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$355.5K
$311.1K – $414.8K
NOI $24,886 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$329.5K
$288.3K – $384.4K
NOI $23,063 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,971 @ 7.0% cap · market cap 22.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with one remodeled 1-bedroom unit, three studios, and ample off-street parking.
Where is this quadplex located?
The property is located at 90 Walnut St Chicopee, MA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Fourplex built in 1885 with 1 remodeled 1‑bedroom unit and three studio apartments; Newer driveway is approximately 5 years old; New exterior decks plus a professionally reinforced and skim‑coated basement with concrete
