Active Under Contract
26 Days on market
466 East Main Street Chicopee — Photo 1 of 36

466 East Main Street Chicopee — Photo 1 of 36

Recent Drop: $25,000

$320,000
$295,000

$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.

View Standard Listing

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

Original Price$320,000
Annual Taxes$4,450

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms6
FireplacesNone
FlooringCarpet, Laminate
BasementFull, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingHot Water, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBrick/Mortar
ZoningRES-A

Property & Lot

Acres0.6
SqFt Lot26,205
Lot FeaturesCorner Lot, Cleared, Level

Amenities & Appliances

Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3
Main,First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl Main,First

Ceiling Fan(s), Flooring - Wall to Wall Carpet

Dining Room
Lvl Main,First

Flooring - Wall to Wall Carpet

Kitchen
Lvl Main,First

Flooring - Vinyl, Exterior Access

Primary Bedroom
Lvl Second

Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

Flooring - Vinyl

Property History

Price Drop
$295,000

Was $320,000

Aug 27, 2026

MLS® 73564979

Listed
$320,000

Aug 18, 2026

MLS® 73564979

Listing Provided By

Listing Agent: Bobbi Jo Girroir

Listing Office: Naples Realty Group

MLS® Number: 73564979