89-95 School St, Chicopee, MA 01013

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
89-95 School St,Chicopee, MA 01013
$1,299,000
  • 24 Beds
  • 11 Baths
  • 10,000 sq. ft.
  • Multi-family
  • Active
Listed by: jenni ortega realty group, jessica mekal
Office: lock and key realty inc.
MLS#:73440475
Source:MLSPIN

Price summary

  • Price:$1,299,000
  • Price per sq. ft.:$129.9

About this home

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!

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Home facts

  • Year built:1935
  • Listing ID #:73440475
  • Updated:November 21, 2025 at 11:49 AM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:11
  • Full bathrooms:11
  • Living area:10,000 sq. ft.

Structure and exterior

  • Year built:1935
  • Building area:10,000 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,299,000
  • Price per sq. ft.:$129.9
  • Tax amount:$11,039 (2024)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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