What is the estimated cap rate for 175 Grattan, Chicopee, MA 01020?

Based on rent reported on the MLS listing, 175 Grattan, Chicopee, MA 01020 (3 units) has an estimated 4.50% cap rate at its $484,900 list price, assuming $3,050/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 175 Grattan, Chicopee, MA 01020?

The MLS listing reports about $3,050/month in total rent for a 3-unit multi-family in 01020. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

35 Days on market

175 Grattan Chicopee — Photo 1 of 30

$484,900

Investment Analysis — 175 Grattan

Chicopee, MA 01020 — Aldenville

Based on rent reported on the MLS listing, a 3-unit multi-family in 01020 carries $3,050/mo in gross rent — about a 4.50% cap rate and $21,803/yr in estimated NOI at the $484,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,237

Style

3 Family - 3 Units Up/Down

Built

1900

Come see this well maintained spacious 3 family with easy and convenient access to main highways, local shopping, and area dining. Each unit is similarly configured and feature windowed bedrooms, an oversized main living room carpeted wall to wall, a bright roomy eat in style kitchen with an alcove cabinet panty. Each unit also has a covered deck area for open air access. Off street parking for 1 vehicle per tenant. Additional parking is available on the street. Rents are currently below market and ALL tenants are "tenant at will". Appliances are landlord. Tenants pay all utilities. This property invites both the owner that occupies and the most savvy investor to realize immediate and future comfort and income value. Don't miss this opportunity.

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.

Financials

Original Price$484,900

Annual Taxes$6,013

Parking

Garage0

Off-Street3

Interior Specifications

Total Rooms15

FireplacesNone

FlooringVinyl, Carpet

BasementUnfinished

Climate & Utilities

HeatingForced Air, Oil

CoolingWindow Unit(s)

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofRubber

FoundationBrick/Mortar, Granite

Zoning1050

Property & Lot

Acres0.15

SqFt Lot6,534

Lot FeaturesGentle Sloping

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access • Public School

Geography

Listing Provided By

Listing Agent: Richard Lane

Listing Office: Coldwell Banker Realty - Leominster

MLS® Number: 73561082