
466 East Main Street Chicopee — Photo 1 of 36
Recent Drop: $25,000
$295,000
Investment Analysis — 466 East Main Street
Chicopee, MA 01020
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 5.05% cap rate and $14,884/yr in estimated NOI at the $295,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,302
Style
Single Family
Built
1880
Large corner lot & so many updates. Lovely old-style home, with nice 2 sided porch and this current family has had 3 generations of lovingly maintained ownership since the 1950's, absolute stewards of this home, grounds, 2 bay garage and shed. Rare circular driveway allows up to 10 vehicles parked in the driveway and garage. The lot is also a corner lot which adds to the usable acreage at over 1/2 acre. Light a fire and toast some marshmallows in the brick firepit. Main level has solid wood, custom cabinets. If your needs include a main level bedroom, this home could accommodate it by converting the dining room with closet into a 4th bedroom or even convert and add a 1/2 or full bath to the second floor. Many possibilities to update this well-maintained home at a fair price. Updates include a new roof in 2019, new gas furnace in 2023, electrical was updated and converted to circuit breakers. This beautiful home can shine on the inside with a little elbow grease and time, but the majority of the big item repairs/improvements have been done. The basement is clean and large, there is a functional toilet and sink near the washer/dryer, just frame it in and enjoy another 1/2 bath. All appliances are in working order and included in the sale. Now let's chat about that 616 square foot attic. finish it off as a family room/playroom, etc. stairs go right up to it from the 2nd level and has so many possibilities. *Rooms have been enhanced with digital staging to show buyers the potential and size of areas for potential placement of furnishings.
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: 651 sq ft (the lesser of 900 sq ft or half the 1,302 sq ft principal dwelling). Lot size: 26,205 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 • Washer • Dryer
Neighborhood
Public Transportation • Shopping
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCeiling Fan(s), Flooring - Wall to Wall Carpet
Dining Room
Lvl Main,FirstFlooring - Wall to Wall Carpet
Kitchen
Lvl Main,FirstFlooring - Vinyl, Exterior Access
Primary Bedroom
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Main,FirstFlooring - Vinyl
Property History
$295,000
Was $320,000
Aug 27, 2026
MLS® 73564979
$320,000
Aug 18, 2026
MLS® 73564979
Listing Agent: Bobbi Jo Girroir
Listing Office: Naples Realty Group
MLS® Number: 73564979