89-95 School St

Chicopee, MA 01013 Directions
$1,299,000
  • 24Bed
  • 11Baths
  • 10,000Sqft
  • 1935Built
  • $130Price/Sqft

Property Highlights

  • Days on Market: 99
  • MLS: 73440475

Property Highlights

  • Days on Market: 99
  • MLS: 73440475

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...

Property Highlights

  • Days on Market: 99
  • MLS: 73440475

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!

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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  • Additional Information
    • Basement Description: Full, Dirt Floor, Concrete
    • Days On Market: 99
    • Living Area SqFt: 10000
    • On Market Date: 2025-10-07
    • Sewer: Public Sewer
    • Tax Amount: $11,039
    • Tax Year: 2024
    • Type: Residential Income
    • Unit Count: 11
    • Year Built: 1935
    • Year Built Details: Approximate
  • Amenities
    • Park
  • Interior/Exterior Features
    • Appliances Included: Gas Water Heater
    • Beds: 24
    • Foundation: Concrete Perimeter, Block, Other
    • Full Baths: 11
    • Living SqFt Source: Other
    • Rooms: 45

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, landlords 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, leasing or renting 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, leasing or renting. 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. Listing Courtesy of The Madison Team of Lock and Key Realty Inc.

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