1979-1981 Memorial Dr Chicopee — Photo 1 of 27
Recent Drop: $30,000
$669,000
Investment Analysis — 1979-1981 Memorial Dr
Chicopee, MA 01020
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01020 carries an estimated $1,220/mo in gross rent — about a -0.25% cap rate and $-1,677/yr in estimated NOI at the $669,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
2
SqFt
2,884
Style
Other
Built
1966
Prime Value-Add Commercial Investment! Solid brick commercial property with two highly visible storefronts located on a major arterial road boasting an approximate 60,000 vehicles per day traffic count. One unit is leased, providing immediate cash flow, while the second storefront features an open floor plan, ideal for an owner-user or lease-up opportunity to increase NOI. Excellent street presence, strong signage potential, and easy access make this an attractive value-add investment. Ideal for investors seeking stable income with upside in a proven high-demand corridor.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$669,000
Was $699,000
Apr 14, 2026
MLS® 73462515
$699,000
Dec 16, 2025
MLS® 73462515
Listing Agent: Paul Zingarelli
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73462515