37 Academy St Chicopee — Photo 1 of 11
$164,900
Investment Analysis — 37 Academy 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 6.55% cap rate and $10,801/yr in estimated NOI at the $164,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
960
Style
Single Family
Built
1955
Chicopee Renovation Opportunity – 2-Bedroom Ranch Home with 1-Car Garage. Bring your vision and renovation ideas to this 2-bedroom, 4-room home conveniently located in the heart of Chicopee. This property offers a great opportunity for a starter home, investor, or buyer looking to renovate and build equity.The kitchen currently has no appliances. The basement has some evidence of termite damage, and water seepage after most recent storm. The age and condition of the mechanical systems are unknown. Property is being sold AS/IS. Buyers are encouraged to conduct their own due diligence and inspections and verify all information, including condition, dimensions, utilities, and mechanical systems. With the right vision and improvements, this property has the potential to become a comfortable home or a great investment.OFFERS DEADLINE THURSDAY 8/27/26 12:00pm.
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: 480 sq ft (the lesser of 900 sq ft or half the 960 sq ft principal dwelling). Lot size: 7,087 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Sidewalks
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Vinyl
Master Bedroom
Lvl FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub, Flooring - Vinyl
Listing Agent: Andrzej Jamroga
Listing Office: Keller Williams Realty
MLS® Number: 73566671
