156 Grattan St Chicopee — Photo 1 of 42
$219,900
Investment Analysis — 156 Grattan St
Chicopee, MA 01020 — Chicopee Falls
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-unit multi-family in 01020 carries an estimated $3,500/mo in gross rent — about a 12.42% cap rate and $27,307/yr in estimated NOI at the $219,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,111
Style
2 Family - 2 Units Up/Down
Built
1880
Great opportunity for investors and contractors! This two-family property offers strong income potential and features a spacious layout with one unit offering 3 bedrooms and 1 bathroom, and the second unit offering 1 bedroom and 1 bathroom. The property requires significant repairs and updates throughout and is being sold strictly as-is. A non-functioning in-ground pool is located on the property and will require repair or replacement. An oversized detached two-car garage provides ample storage, workshop space, or additional value for future use. Due to the overall condition of the home, traditional financing is not available; cash buyers or hard money financing only. Conveniently located near shopping, restaurants, schools, and major highways. Separate utilities and off-street parking add to the property's appeal. Bring your vision and restore this property to its full potential. Buyer and buyer's agent to perform all due diligence regarding condition, zoning, and future use.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Highway Access • Public School • Sidewalks
Geography
Property History
$219,900
Jun 4, 2026
MLS® 73530714
$122,500
Oct 8, 2024
MLS® 73295561
$122,500
Sep 26, 2024
MLS® 73295561
Listing Agent: Carlos Feliciano
Listing Office: Vylla Home
MLS® Number: 73530714