83 Madison St Chicopee, MA 01020
Chicopee Falls NeighborhoodEstimated payment $2,851/month
Highlights
- Medical Services
- Porch
- Park
- Property is near public transit
- Living Room
- 4-minute walk to Lincoln Park
About This Home
NEW PRICE !!! Same Amazing Opportunity!!! Turn-key income producing 3 Family in a high-demand rental area near parks, schools, major highways, public transit, and everyday amenities. This well-maintained three-family property features numerous upgrades including a NEW roof and NEW state-of-the-art HVAC system, providing energy efficiency and long-term value.Each unit offers spacious layouts with excellent rental appeal. Ideal for multi-generational living, investors or owner-occupants seeking strong rental income with minimal maintenance. Fully rented, strong cash flow, portfolio expansion and versatile opportunities . Low maintenance with major systems already upgraded. Current rents are well below market levels.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,227
Year Built
- Built in 1900
Lot Details
- 5,200 Sq Ft Lot
- Fenced
Home Design
- Frame Construction
- Rubber Roof
Interior Spaces
- 3,414 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Window Screens
- Insulated Doors
- Living Room
- Dining Room
- Storm Doors
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 2 Car Parking Spaces
- Driveway
- On-Street Parking
- Open Parking
- Off-Street Parking
Eco-Friendly Details
- Energy-Efficient Thermostat
Outdoor Features
- Shed
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Belcher Elementary School
- Bellamy Middle School
- Chicopee High School
Utilities
- 3 Heating Zones
- Heating System Uses Natural Gas
- Baseboard Heating
Listing and Financial Details
- Rent includes unit 1(heat gas water), unit 2(heat gas water), unit 3(heat gas water)
- Assessor Parcel Number M:0085 P:00059,2498570
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
Additional Features
- 3 Units
- Net Operating Income $39,000
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 | $5,227 | $344,800 | $69,600 | $275,200 |
| 2024 | $4,841 | $328,000 | $68,300 | $259,700 |
| 2023 | $4,472 | $295,200 | $62,100 | $233,100 |
| 2022 | $4,426 | $260,500 | $54,000 | $206,500 |
| 2021 | $3,440 | $235,100 | $46,300 | $188,800 |
| 2020 | $3,860 | $221,100 | $46,300 | $174,800 |
| 2019 | $3,813 | $212,300 | $46,300 | $166,000 |
| 2018 | $3,726 | $203,500 | $44,100 | $159,400 |
| 2017 | $3,334 | $192,600 | $41,200 | $151,400 |
| 2016 | $3,243 | $191,800 | $41,200 | $150,600 |
| 2015 | $3,020 | $172,200 | $41,200 | $131,000 |
| 2014 | $2,843 | $172,200 | $41,200 | $131,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | Price Changed | $459,500 | -6.0% | $135 / Sq Ft |
| 10/06/2025 10/06/25 | For Sale | $489,000 | -- | $143 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $171,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $119,700 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73440085
APN: CHIC-000085-000000-000059
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