41 Ludger Ave Chicopee — Photo 1 of 26
$219,000
Investment Analysis — 41 Ludger Ave
Chicopee, MA 01020
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01020 carries an estimated $1,730/mo in gross rent — about a 5.51% cap rate and $12,078/yr in estimated NOI at the $219,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,215
Style
Single Family
Built
1920
Investors Take Notice! This charming bungalow is ready for you to bring out its full potential. Featuring an in-ground pool, partially finished basement, and the potential for an additional bedroom, this property offers an opportunity for the right buyer to renovate and make it their own. Furnace and oil tank were replaced in 2017. Conveniently located with easy access to I-90, making commuting and travel a breeze. Bring your vision and transform this home into something special!
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: 608 sq ft (the lesser of 900 sq ft or half the 1,215 sq ft principal dwelling). Lot size: 6,600 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 MLS and other third-party data may be inaccurate or out of date.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
Water Heater • Range • Refrigerator • Washer • Dryer
Geography
Listing Agent: Rachel Donermeyer
Listing Office: Executive Real Estate, Inc.
MLS® Number: 73572506