
138 Slate Rd Chicopee — Photo 1 of 42
$400,000
Investment Analysis — 138 Slate Rd
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 3.27% cap rate and $13,087/yr in estimated NOI at the $400,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,943
Style
Single Family
Built
1984
Welcome to 138 Slate Road! This well-loved Colonial has been cared for by the same family for many years and offers the space, warmth, and setting buyers are looking for. Set on a spacious .58-acre lot, this home gives you a peaceful backyard feel while still being close to shopping, schools, golf, medical facilities, public transportation, and highway access. Inside, the first floor offers a comfortable flow with hardwood flooring in the living room and dining room, a fireplace, and a bright kitchen with dining area and peninsula. One of the best features is the finished sunroom/family room with vaulted ceiling, ceiling fan, exterior access, and backyard views — the perfect spot to relax, gather, or enjoy extra everyday living space. A half bath completes the main level. Upstairs you’ll find three bedrooms and a full bath with tub/shower. The full basement offers laundry hookups and plenty of storage. Outside, enjoy a huge backyard, fenced area, sprinkler system, gutters, screens, and a large covered patio perfect for outdoor dining, relaxing, or entertaining. Additional features include central air, central vacuum, insulated windows and doors, attached 2-car garage with side entry, and a paved driveway with parking for approx. 8 cars. All appliances to remain, including range, dishwasher, disposal, refrigerator, washer, dryer, and vent hood. A wonderful opportunity to own a solid home with charm, space, and a yard you’ll love!
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: 900 sq ft (the lesser of 900 sq ft or half the 1,943 sq ft principal dwelling). Lot size: 25,313 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl MainFlooring - Hardwood, Window(s) - Picture, Exterior Access
Dining Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Picture, Exterior Access, Open Floorplan
Kitchen
Lvl Main,FirstFlooring - Vinyl, Dining Area, Open Floorplan, Stainless Steel Appliances, Peninsula
Family Room
Lvl Main,FirstCeiling Fan(s), Vaulted Ceiling(s), Flooring - Vinyl, French Doors, Cable Hookup, Exterior Access, Open Floorplan
Master Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Closet - Double
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Main,FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Amy Mateus
Listing Office: Grace Group Realty, LLC
MLS® Number: 73573031
