
102 Lemuel Ave Chicopee — Photo 1 of 1
$399,000
Investment Analysis — 102 Lemuel Ave
Chicopee, MA 01013
Based on rent reported on the MLS listing, a 2-unit multi-family in 01013 carries $1,600/mo in gross rent — about a 2.59% cap rate and $10,348/yr in estimated NOI at the $399,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,220
Style
Multi Family
Built
1920
Looking for a place to call home while generating rental income to help with the mortgage? This beautifully updated two-family home offers over 2,000 sq. ft. of living space, plus an additional 220 sq. ft. in the basement, and has been thoughtfully maintained and improved throughout the years of ownership. The 1st fl unit is vacant and features a renovated, fully applianced kitchen with a walk-in pantry and recessed lighting. Spacious living room, dining room, two bedrooms, renovated full bathroom, hardwood floors, gas heat with central AC. The 2nd fl unit is tenant occupied and offers a renovated, fully applianced kitchen with pantry, living room, dining room, two bedrooms, updated full bathroom, a covered deck and electric heat. Numerous major updates have been completed, including the roof, siding, windows, doors, gutters, electrical system, plumbing, heating system, water heaters, and central AC. Additional space and potential await in the walk-up attic. The full basement features a large heated finished room with a walk-in closet, replacement egress windows, laundry hookups for each floor, extensive cabinetry, and plenty of storage. The home also features a welcoming enclosed front porch and a staircase with newer carpeting. With separate living spaces, extensive updates, rental income potential, and additional unfinished space for future possibilities, this property is an excellent opportunity for an owner-occupant or investor! OPEN HOUSE Saturday, 9/19 from 10:30AM–12:00PM. STOP BY AND TOUR BOTH UNITS, with the first- and second-floor units available for public viewing.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Range • Dishwasher • Disposal • Microwave • Refrigerator
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Listing Agent: Teresa Skora
Listing Office: Ideal Real Estate Services, Inc.
MLS® Number: 73576237