Prime location just minutes from Elms College in Chicopee and approximately 7 minutes from Baystate Medical Center. This well-positioned three-family property offers an excellent opportunity for investors or owner-occupants seeking strong rental potential, particularly for college housing. Each unit features washer and dryer hookups, separate utilities, and off-street parking. A new roof has been installed, adding peace of mind for the next owner. The first-floor tenant is currently paying below-market rent with a month-to-month lease and would like to remain in the property, providing an opportunity for a new owner to review the existing rental arrangement and potentially increase rental income. The two additional units will be delivered vacant, offering flexibility to establish new leases at market rents and maximize the property's income potential. A great opportunity to add a well-located multifamily property to your portfolio!
Chicopee Center, located between the Chicopee River and the Connecticut River, is a civic and historic Chicopee neighborhood with a classic downtown grid and mill-era brick architecture. The neighborhood’s character concentrates around Center Street at Springfield Street, where storefronts, cafés, and municipal buildings set a steady, daytime bustle. City Hall anchors the streetscape with formal civic presence, while the Chicopee Public Library adds a quieter, study-and-stroll rhythm. Nearby, the Polish Center of Discovery and Learning and the Chicopee Center Canalwalk bring local history into view along the old industrial corridor. Side streets mix triple-deckers and compact single-family homes, with pocket parks and river edges shaping the geography.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Total of 12 rooms
Full basement
Bedrooms
Unit 1: 2 levels
Unit 2: 2 levels
Unit 3: 1 level
Bathrooms
3 full bathrooms
Laundry & utility
Washer hookup
Electric dryer hookup
Exterior features
Sprinkler system
Corner lot
Public road frontage
Home design
3-family property
5 total stories
Yellow exterior
Parking
Off-street paved parking
3 open parking spaces (3 total spaces)
Construction
Shingle roof
Concrete perimeter and brick/mortar foundation
Built (year per public records)
Utilities
Public water
Public sewer
Gas range hookup available
Electric range hookup available
Electric dryer hookup available
Washer hookup available
HOA & community
Access to public transportation, shopping, parks, laundromat, highway, houses of worship, private and public schools
Not a senior community
Electricity and solar
View estimated energy costs and solar savings for this home