156 East St Chicopee, MA 01020
Chicopee Falls NeighborhoodEstimated payment $5,706/month
Highlights
- Deck
- Wood Flooring
- Corner Lot
- Property is near public transit and schools
- 1 Fireplace
- Balcony
About This Home
Rare opportunity to own this cash flowing 7-unit property featuring a 5-family, a 2-family, and a 3-car garage all on a single lot. All units are individually metered, tenant-occupied on a month-to-month basis, and updated for optimal value and ease of management. This property benefits from multiple income streams, including coin-operated laundry and the detached 3-car garage, boosting overall returns beyond base rents! Well maintained and offering stable occupancy, this investment is a low-risk addition to any investment portfolio. With consistent income and potential for future rent growth, this is an ideal opportunity for investors seeking dependable returns and long-term value in multi-families. Newer updates include two Buderus Boilers (2022), Water heaters (2025, 2023, 2021), Exterior stairs and decks (2025). Exterior video system already set up for added security and monitoring! Great opportunity for both seasoned and first time investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,720
Year Built
- Built in 1920
Lot Details
- 0.32 Acre Lot
- Corner Lot
- Level Lot
- Cleared Lot
Parking
- 3 Car Garage
- Shared Driveway
- 7 Open Parking Spaces
- Off-Street Parking
Home Design
- Brick Foundation
- Block Foundation
- Frame Construction
- Shingle Roof
- Slate Roof
- Tar and Gravel Roof
- Rubber Roof
Interior Spaces
- Crown Molding
- 1 Fireplace
- Insulated Windows
- Living Room
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 10 Bedrooms
Laundry
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Partial Basement
- Interior Basement Entry
- Block Basement Construction
Outdoor Features
- Balcony
- Deck
- Enclosed Patio or Porch
- Shed
- Rain Gutters
Location
- Property is near public transit and schools
Utilities
- 7 Heating Zones
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- Rent includes unit 1(water hot water), unit 2(water hot water), unit 3(water), unit 4(water hot water)
- Assessor Parcel Number M:0127 P:00046,2500796
Community Details
Overview
- 7 Units
- Property has 1 Level
Amenities
- Shops
Recreation
- Park
Building Details
- Electric Expense $400
- Insurance Expense $7,184
- Water Sewer Expense $2,800
- Operating Expense $23,873
- Net Operating Income $90,247
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,896 | $454,900 | $92,600 | $362,300 |
| 2024 | $6,068 | $411,100 | $90,700 | $320,400 |
| 2023 | $5,681 | $375,000 | $82,500 | $292,500 |
| 2022 | $5,478 | $322,400 | $71,700 | $250,700 |
| 2021 | $5,986 | $339,900 | $61,500 | $278,400 |
| 2020 | $5,655 | $323,900 | $61,500 | $262,400 |
| 2019 | $5,625 | $313,200 | $61,500 | $251,700 |
| 2018 | $5,484 | $299,500 | $58,600 | $240,900 |
| 2017 | $5,155 | $297,800 | $51,400 | $246,400 |
| 2016 | $4,914 | $290,600 | $51,400 | $239,200 |
| 2015 | $5,097 | $290,600 | $51,400 | $239,200 |
| 2014 | $4,798 | $290,600 | $51,400 | $239,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/05/2026 02/05/26 | Pending | -- | -- | -- | |
| 01/18/2026 01/18/26 | For Sale | $975,000 | +223.9% | $194 / Sq Ft | |
| 06/15/2012 06/15/12 | Sold | $301,000 | -2.9% | $75 / Sq Ft | View Prior Sale |
| 05/16/2012 05/16/12 | Pending | -- | -- | -- | |
| 03/29/2012 03/29/12 | For Sale | $309,900 | -- | $77 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73469521
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