192 Empire St Chicopee — Photo 1 of 42
$359,000
Investment Analysis — 192 Empire St
Chicopee, MA 01013
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01013 carries an estimated $1,600/mo in gross rent — about a 2.78% cap rate and $9,970/yr in estimated NOI at the $359,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,438
Style
Single Family
Built
1985
Welcome home to this recently renovated, move-in ready 2-bedroom, 2 bath ranch offering 1,438 sq ft of comfortable one-level living. The bright, inviting layout features an updated kitchen with newer appliances and a dining area with slider access to the deck, perfect for indoor-outdoor living. The primary bedroom offers the convenience of its own private full bath. Recent improvements include updated flooring, new carpets, fresh paint, thermostats in every room, a new roof, new hatchway, new outdoor lights front and back, new basement sink and updates to the deck. Step outside to the fully fenced-in yard offering privacy and plenty of space for entertaining and relaxing. A full basement provides additional storage and possibilities. Conveniently located near shopping, parks, public transportation, and highway access. Move right in and make this beautifully updated home your own!
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: 719 sq ft (the lesser of 900 sq ft or half the 1,438 sq ft principal dwelling). Lot size: 8,861 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.
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Lvl FirstListing Agent: Jennifer Getto
Listing Office: NextHome Elite Realty
MLS® Number: 73571913
