89-95 School St, Chicopee, MA 01013 (MLS # 73396046)
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Investment Opportunity! This fully occupied 11-unit mixed-use building offers strong cash flow, long-term stability, and value-add potential! The property features 10 residential units and a ground-level commercial storefront in a prime, high-visibility location. Each unit has separate electric and heating systems, and lead certificates are on file for all residential units. All units are currently rented by long-term tenants, with 9 out of 10 residential units subsidized through Section 8"”providing consistent, government-backed rental income. Most tenants are on month-to-month leases, giving a new owner the flexibility to increase rents and boost returns. Professionally managed and well-maintained, this asset is ideal for investors seeking a stabilized building with upside. Whether you're expanding your portfolio or securing your next high-performing asset, this property checks all the boxes!
| LAST UPDATED | 7/14/2025 | YEAR BUILT | 1935 |
|---|---|---|---|
| COUNTY | Hampden | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Jul 14, '25 | $1,449,000 |
|---|---|
| Jul 14, '25 - Today | $1,425,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| BASEMENT | Concrete, Dirt Floor, Full, Yes |
| LOT DESCRIPTION | Corner Lot |
| SEWER | Public Sewer |
| STORIES | 4 |
| TAXES | 11039 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by The Madison Team, Lock and Key Realty Inc.
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