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For sale
  • Price cut: $75K (7/24)
    $1,350,000

    89-95 School St, Chicopee, MA 01013

    24beds
    10,000sqft
    : 
    5-9 Family
    Built in 1935
    -- sqft lot
    $-- Zestimate®
    $135/sqft
    $-- HOA

    What's special

    High-visibility location
    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!
    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

    We'll find a local expert to take you on a private tour of 89-95 School St.

    Next available tour time:Today at 2:30pm

    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
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