119 Grape St Chicopee, MA 01013
Chicopee Center NeighborhoodEstimated payment $2,820/month
Total Views
31,453
6
Beds
5
Baths
2,603
Sq Ft
$173
Price per Sq Ft
Highlights
- 0.38 Acre Lot
- Porch
- Combination Dining and Living Room
- Property is near public transit
- Shops
- Heating System Uses Oil
About This Home
Exceptional 5-unit Investment Opportunity with Upside Potential. Nestled in a quiet and desirable neighborhood, this well-maintained 5-family rental property has been in the same family for over 30 years and is professionally managed for seamless operation. The property features a versatile mix of units, with the current owner covering hot water & electricity for some units. However, the property is already equipped with separate electric meters, offering flexibility for a future owner to reduce operating costs by shifting responsibility for electric bills to tenants. Additional highlights include off-street parking for tenant convenience and a location that balances tranquility with accessibility, just minutes from major highways. With below-market rents, this property offers excellent upside potential for increased cash flow.Whether you’re a seasoned investor or looking for your first multi-family property, this is a rare opportunity to acquire a professionally managed asset.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,458
Year Built
- Built in 1905
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,603 Sq Ft Home
- Combination Dining and Living Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Parking
- 10 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Porch
- 0.38 Acre Lot
- Heating System Uses Oil
Listing and Financial Details
- Rent includes unit 2(hot water), unit 3(electric), unit 4(electric)
- Assessor Parcel Number M:0079 P:00042,2498309
Community Details
Overview
- 5 Units
- Property has 1 Level
Additional Features
- Shops
- Net Operating Income $53,400
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2025 09/01/25 | For Sale | $450,000 | 0.0% | $173 / Sq Ft |
| 08/31/2025 08/31/25 | Off Market | $450,000 | -- | -- |
| 07/21/2025 07/21/25 | Price Changed | $450,000 | -5.3% | $173 / Sq Ft |
| 01/29/2025 01/29/25 | Price Changed | $475,000 | -7.8% | $182 / Sq Ft |
| 01/08/2025 01/08/25 | For Sale | $515,000 | -- | $198 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Similar Homes in Chicopee, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73324419
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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