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!
For sale
Price cut: $75K (7/24)
$1,350,000
89-95 School St, Chicopee, MA 01013
24beds
10,000sqft
Est.:
5-9 Family
Built in 1935
-- sqft lot
$-- Zestimate®
$135/sqft
$-- HOA
What's special
High-visibility location
- 49 days
- on Zillow |
- 590 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 12:10am
Listed by:
The Madison Team,
Lock and Key Realty Inc.,
Jessica Mekal
Source: MLS PIN,MLS#: 73396046
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 11
- Full bathrooms: 11
Features
- Basement: Full,Dirt Floor,Concrete
- Has fireplace: No
Interior area
- Total structure area: 10,000
- Total interior livable area: 10,000 sqft
- Finished area above ground: 10,000
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Lot
- Size: 0.12 Square Feet
- Features: Corner Lot
Details
- Zoning: Mixed Use
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Concrete Perimeter, Block, Other
Condition
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Highway Access, Public School
Location
- Region: Chicopee
Financial & listing details
- Price per square foot: $135/sqft
- Tax assessed value: $10,330,000
- Annual tax amount: $11,039
- Date on market: 6/24/2025
- Total actual rent: 16250
- Loading
- Loading