35 Lower Grape St Chicopee — Photo 1 of 39
$1,490,000
Investment Analysis — 35 Lower Grape St
Chicopee, MA 01020
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 25-unit multi-family in 01020 carries an estimated $34,500/mo in gross rent — about a 19.53% cap rate and $291,044/yr in estimated NOI at the $1,490,000 list price. Adjust every assumption in the calculator below.
Beds
25
Baths
25
SqFt
99,999
Style
5+ Family - 5+ Units Up/Down
Built
1900
Proud to present the Historic Ames Sword Co Buildings! Situated in the heart of Chicopee, MA by Chicopee River, this mill presents a unique redevelopment opportunity, with great enthusiasm and collaboration from town officials to help create a vibrant residential and or commercial destination. This 5-building parcel spans over 2 acres and is zoned both Commercial & Industrial! Potential to develop affordable housing, condos, 55+ community, medical offices, luxury living units, self storage and more. Rentable Warehouse and Heated storage potential. Equipped with loading docks and freight elevators offering endless potential in an established Opportunity Zone with possible grant funding. The property is structurally sound and ideally positioned for conversion into apartments or mixed-use development. 11’ to 16’ ceilings! Don’t miss this rare chance to transform a riverside compound into a signature waterfront development with long-term value and community impact.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$1,490,000
Sep 2, 2026
MLS® 73571374
$1,199,900
Jul 24, 2026
MLS® 73464831
$1,199,900
Jul 24, 2026
MLS® 73464834
$1,199,900
Jan 2, 2026
MLS® 73464831
$1,199,900
Jan 2, 2026
MLS® 73464834
$1,299,900
Oct 24, 2025
MLS® 73409089
$1,299,900
Oct 24, 2025
MLS® 73409299
$1,299,900
Jul 24, 2025
MLS® 73409089
$1,299,900
Jul 24, 2025
MLS® 73409299
$1,750,000
Feb 14, 2025
MLS® 72947134
$1,300,000
Oct 28, 2024
MLS® 73229858
$1,300,000
Apr 29, 2024
MLS® 73229858
$1,750,000
Feb 15, 2022
MLS® 72947134
Listing Agent: Xavier Cruz
Listing Office: Signature Realty
MLS® Number: 73571374
