Exceptional 5-unit Investment Opportunity with Upside Potential. Nestled in a quiet and desirable neighborhood, this well-maintained 5-family rental property has been in the same family for over 30 years and is professionally managed for seamless operation. The property features a versatile mix of units, with the current owner covering hot water & electricity for some units. However, the property is already equipped with separate electric meters, offering flexibility for a future owner to reduce operating costs by shifting responsibility for electric bills to tenants. Additional highlights include off-street parking for tenant convenience and a location that balances tranquility with accessibility, just minutes from major highways. With below-market rents, this property offers excellent upside potential for increased cash flow.Whether you’re a seasoned investor or looking for your first multi-family property, this is a rare opportunity to acquire a professionally managed asset.
For sale
$475,000
119 Grape St, Chicopee, MA 01013
6beds
2,603sqft
Est.:
5+ Family - 5+ Units Side by Side
Built in 1905
-- sqft lot
$-- Zestimate®
$182/sqft
$-- HOA
What's special
Versatile mix of unitsQuiet and desirable neighborhoodOff-street parking
- 133 days
- on Zillow |
- 746 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: April 04, 2025 at 08:03am
Listed by:
Maher Khatib,
M B C REALTORS®,
Maher Khatib
Source: MLS PIN,MLS#: 73324419
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Oil, Electric
Features
- Living Room, Kitchen, Living RM/Dining RM Combo
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,603
- Total interior livable area: 2,603 sqft
- Finished area above ground: 2,603
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
Lot
- Size: 0.38 Acres
Details
- Parcel number: M:0079 P:00042,2498309
- Zoning: 1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Side by Side
Materials
- Frame
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1905
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Highway Access, Public School
Location
- Region: Chicopee
Financial & listing details
- Price per square foot: $182/sqft
- Tax assessed value: $302,000
- Annual tax amount: $4,458
- Date on market: 1/22/2025
- Total actual rent: 3575
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