137 Sheridan St. Chicopee — Photo 1 of 33
$299,950
Investment Analysis — 137 Sheridan St.
Chicopee, MA 01020 — Chicopee Falls
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01020 carries an estimated $2,120/mo in gross rent — about a 4.63% cap rate and $13,900/yr in estimated NOI at the $299,950 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,992
Style
Single Family
Built
1922
Oh the opportunity. Built as a two-family, then opened as a day care. and then a retail shop. Now zoned as a single family.. Large "old-style" home features 2 kitchens, 2.5 baths.. large addition on the side of the home. Back Porch is enclosed off the main floor kitchen. 1/2 acre lot. 3 bay barn in back (apo-roof @10years) one stall potentially would hold 1 car...One stall was used for storage, and the 3rd stall was used as an auxiliary space for the store. The second floor of the Barn.. again you need the vision. City says: could be a single family, could be a non-conforming 2 family, could be retail (grandfathered), and could have an ADU conversation. Time limits to some of those options..buyer needs to do their own due diligence with the city. It is all waiting here for you.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,992 sq ft principal dwelling). Lot size: 22,026 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Highway Access
Geography
Listing Agent: Ray Hoessbrooks
Listing Office: HB Real Estate, LLC
MLS® Number: 73575239