89-95 School St, Chicopee MA 01013 – 24 bed 11 bath For Sale – 73396046
Overview
- Updated On:
- August 14, 2025
-
- 73396046
- 24 Bedrooms
- 11 Bathrooms
- 0 Garage Spaces
- 0 Non-Garage Parking Spaces
- 1935
Description
10% Cap Rate! Investment Opportunity! This fully occupied 11-unit mixed-use building offers strong cash flow, long-term stability, and value-add potential! The property features 10 residential units and a ground-level commercial storefront in a prime, high-visibility location. Each unit has separate electric and heating systems, and lead certificates are on file for all residential units. All units are currently rented by long-term tenants, with 9 out of 10 residential units subsidized through Section 8—providing consistent, government-backed rental income. Most tenants are on month-to-month leases, giving a new owner the flexibility to increase rents and boost returns. Professionally managed and well-maintained, this asset is ideal for investors seeking a stabilized building with upside. Whether you’re expanding your portfolio or securing your next high-performing asset, this property checks all the boxes!
This property is listed by The Madison Team from Lock and Key Realty Inc.
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 1,299,000 |
| Living Area | 10,000.00 ft2 |
| Bedrooms | 24 |
| Total Rooms | 45 |
|---|---|
| Listing MLS ID | 73396046 |
| Days on Market | 50 |
| Bathrooms | 11 |
Unit Information
| Bedrooms | 24 |
|---|---|
| Full Bathrooms | 11 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 0 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Certified Treated |
| Outdoor Space Available | |
| Living Area Includes Basement | Full,Dirt Floor,Concrete |
| Patio And Porch Features | |
| Parking Features | |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 11 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 1935 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full,Dirt Floor,Concrete |
| Roof |
Additional Details
| Community Features | Public Transportation,Shopping,Park,Highway Access,Public School |
|---|---|
| Disclosures | Buyer to verify info and due their own due diligence. Vacant unit photos are from August 2024,prior to tenant move in. |
| Last Updated | August 14, 2025 at 01:53am |
| Building Area Source | Other |
| MLS PIN Page | |
| Parcel Number | |
| Original List Price | 1449000 |
| Listing Office | lock and key realty inc. |
| Tax Annual Amount | 11039 |
|---|---|
| Tax Assessed Value | 10330000 |
| Tax Book Number | 25439 |
| Tax Year | 2024 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | Mixed Use |
| Listing Agent | the madison team |
Amenities and Features
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89-95 School St, Chicopee MA 01013 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
89-95 School St, Chicopee MA 01013 – 24 bed 11 bath For Sale – 73396046
$ 1,299,000
Status: Active
89-95 School St, Chicopee MA 01013, Chicopee, , Hampden 01013
Country: United States
Property Overview
MLS #: 73396046
Type: 5-9 Family /
Action: Residential Income
Year Built: 1935 (Approximate, Source: Public Records, Effective: )
Living Area: 10,000.00 ft2 (Total: 10000 Square Feet, Source: Other)
Lot Size: (Area: 0 Acres, SqFt: 0.12)
Total Rooms: 45
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 24 (Main Level: )
Bathrooms: Total: 11 (Full: 11, Half: 0, Decimal: 11, Main Level: )
Basement: Full,Dirt Floor,Concrete
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Concrete Perimeter,Block,Other (Area: )
Roof:
Stories: 4 (4)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 0
Parking Features:
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Corner Lot
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Park,Highway Access,Public School
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: Mixed Use ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
10% Cap Rate! Investment Opportunity! This fully occupied 11-unit mixed-use building offers strong cash flow, long-term stability, and value-add potential! The property features 10 residential units and a ground-level commercial storefront in a prime, high-visibility location. Each unit has separate electric and heating systems, and lead certificates are on file for all residential units. All units are currently rented by long-term tenants, with 9 out of 10 residential units subsidized through Section 8—providing consistent, government-backed rental income. Most tenants are on month-to-month leases, giving a new owner the flexibility to increase rents and boost returns. Professionally managed and well-maintained, this asset is ideal for investors seeking a stabilized building with upside. Whether you’re expanding your portfolio or securing your next high-performing asset, this property checks all the boxes!
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 11
Units Owner Occupied:
Unit 1: Beds: 4, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2100, Lease: Y
Unit 2: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1450, Lease: N
Unit 3: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1550, Lease: N
Unit 4: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1200, Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 11039 (Year: 2024)
Tax Assessed Value: 10330000
Tax Block/Lot/Book/Map: / / 25439 /
Parcel Number:
Special Licenses:
Current Financing:
Gross Income: 18600 (Scheduled: )
Net Operating Income: 18600
Operating Expense: (Water/Sewer: , Insurance: )
Financial Data Source:
APOD Available: No
Tenant Pays:
Rent Includes:
Total Actual Rent: 16250
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: The Madison Team (MLS ID: TM330144) / Team: CN248483
Listing Office: Lock and Key Realty Inc. (MLS ID: AN5521)
Agent (Property): 369593
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-06-24
Expiration Date: 1900-01-01
Original List Price: 1449000
Price Per SqFt (List): 129.9
Market Time (Property): 50 (Broker: 50, Prev Broker: 0, Prev Property: 0)
MLS Status: Price Changed
Possession:
Directions: Located at the corner of School & Dwight St.
Disclosures: Buyer to verify info and due their own due diligence. Vacant unit photos are from August 2024,prior to tenant move in., N
Lead Paint: Certified Treated
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: Buyer to verify info and due their own due diligence. (Incl. Base: No, Other: )
Master Book/Page: / (Page: 273)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 2342471
Modification Timestamp: August 14, 2025 at 01:53am
Bridge Modification Timestamp: August 14, 2025 at 01:57am
Original Entry Timestamp: June 25, 2025 at 02:50am
Status Change Timestamp: August 13, 2025 at 06:25pm
Off Market Date:
Development Status:
Business Type:
