27 Palmer Ave Chicopee — Photo 1 of 36
$374,900
Investment Analysis — 27 Palmer Ave
Chicopee, MA 01020
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01020 carries an estimated $2,120/mo in gross rent — about a 3.84% cap rate and $14,383/yr in estimated NOI at the $374,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,798
Style
Single Family
Built
1945
Welcome to 27 Palmer Ave, a beautifully updated home offering 1,798 square feet of comfortable living space in an excellent Chicopee location. The updated kitchen features quartz countertops, stainless steel appliances, and plenty of cabinet space, creating a stylish and functional heart of the home. Hardwood floors run throughout, adding warmth and character to the spacious interior, while 1.5 baths provide added convenience. Step outside to enjoy the flat, partially fenced yard and beautiful 2 tiered deck with canopy—perfect for relaxing, entertaining, or enjoying outdoor activities. A one-car garage provides convenient parking and additional storage. Water heater replaced 2024, Insulated windows installed 2015, Kitchen remodeled 2018, Vinyl fence 2021, Garage door 2025, roof 2024, All APO. Ideally located directly across from Szot Park and close to shopping, restaurants, schools, and all major routes, this home offers both comfort and convenience. A wonderful opportunity to own a move-in-ready home in a desirable Chicopee location!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 899 sq ft (the lesser of 900 sq ft or half the 1,798 sq ft principal dwelling). Lot size: 10,300 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstSkylight, Flooring - Hardwood
Kitchen
Lvl FirstCeiling Fan(s), Countertops - Stone/Granite/Solid
Family Room
Lvl FirstSkylight, Flooring - Hardwood
Primary Bedroom
Lvl SecondFlooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl FirstFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Half, Flooring - Stone/Ceramic Tile
Listing Agent: Joseph D. Valenti
Listing Office: Valenti Real Estate
MLS® Number: 73578074