275 Broadway St Chicopee — Photo 1 of 34
$325,000
Investment Analysis — 275 Broadway St
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 4.75% cap rate and $15,432/yr in estimated NOI at the $325,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,964
Style
Single Family
Built
1905
CHARM, CHARACTER & UPDATES in a PRIME LOCATION! This inviting 3-bedroom, 1.5-bath Colonial is the one you’ve been waiting for! Filled with timeless character and enhanced by numerous modern updates, this home offers the perfect combination of charm, comfort, and convenience. Step inside to discover beautiful hardwood floors throughout, high ceilings, bright fresh paint, and an abundance of natural light. The updated kitchen and bathrooms add modern appeal, while replacement windows, newer forced hot-air heating, and a newer hot water tank provide added comfort and peace of mind. Love outdoor living? The Trex rear deck creates the perfect space for entertaining, relaxing, or enjoying your morning coffee. And the location is hard to beat—directly across from Lincoln Grove Park, one of Chicopee’s favorite neighborhood parks, putting recreation and green space right at your doorstep! Conveniently located with easy access to major highways, public transportation, shopping, dining, schools, and area amenities, this home puts you right in the hub of Springfield and Western Massachusetts. Character you can’t replicate. Updates you can appreciate. Hardwood floors you’ll love. A location that checks all the boxes. Come see why this Colonial should be at the top of your list! Seller has found suitable housing. This will not last long!!!
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 1,964 sq ft principal dwelling). Lot size: 4,791 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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Listing Agent: Mario Bernal
Listing Office: Signature Realty
MLS® Number: 73567801
