37 Howard St Chicopee — Photo 1 of 39
$379,900
Investment Analysis — 37 Howard St
Chicopee, MA 01013
Based on rent reported on the MLS listing, a 3-unit multi-family in 01013 carries $725/mo in gross rent — about a 0.65% cap rate and $2,476/yr in estimated NOI at the $379,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,046
Style
3 Family
Built
1900
Prime location just minutes from Elms College in Chicopee and approximately 7 minutes from Baystate Medical Center. This well-positioned three-family property offers an excellent opportunity for investors or owner-occupants seeking strong rental potential, particularly for college housing. Each unit features washer and dryer hookups, separate utilities, and off-street parking. A new roof has been installed, adding peace of mind for the next owner. The first-floor tenant is currently paying below-market rent with a month-to-month lease and would like to remain in the property, providing an opportunity for a new owner to review the existing rental arrangement and potentially increase rental income. The two additional units will be delivered vacant, offering flexibility to establish new leases at market rents and maximize the property's income potential. A great opportunity to add a well-located multifamily property to your portfolio!
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Park • Laundromat • Highway Access • House of Worship
Geography
Listing Agent: Sullymar Andujar
Listing Office: Gallagher Real Estate
MLS® Number: 73574718
