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Active Under Contract

57- 59 Stearns Terrace, Chicopee MA 01013

$389,900

Estimated $1,009.97/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $194,950

Total Rent: 22800/year

Estimated CAP Rate: 4.69%

5 Bedrooms

2 Full Baths

2,572 SqFt

Total Parking: 6 (2 Garage)

14,334 SqFt

This Stately 11 Room 2-Family Home is located in the highly desireable neighborhood near the Elms College on 1/3 of an acre on a very quiet street. Plus an oversized 2 car garage (was a 3 car garage). This Large 2 family has 2572 Sq Ft.: First Floor has 3 Bedrooms. Second floor has 2 Bedrooms. Both units have their own laundry hookups and separate heating. There are 8' ceilings thru out. Gorgeous natural Oak woodwork and all hardwood floors. Built-in hutch w/natural Oak woodwork. A Very Large Walk up attic plenty of Storage. There are front and back porches on both floors. Updates include: Roof (including new sheathing), Windows, 2 Boilers, and 2 Circuit Breaker Panels. Don't miss this Great Opportunity.

This home has been viewed 29 times

Last Checked: July 12th, 2025 at 7:13am (Source: MLS PIN #73398037)

Gross Income: $22,800

Gross Expenses: $4,533

Net Income Calc: $18,267

CAP Rate: 4.69%

Annual Expenses for 57- 59 Stearns Terrace, Chicopee MA 01013

Total Gross Expenses (Calculated)$4,533/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,533

Annual Income & Unit Breakdown for 57- 59 Stearns Terrace, Chicopee MA 01013

Total Gross Income (Calculated)$22,800

Unit 1

Rental Income$1,250

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Water), Unit 1(electric

Unit 2

Rental Income$650

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(water), Water), Unit 1(electric

General Information for 57- 59 Stearns Terrace, Chicopee MA 01013

Listing ID73398037

Property TypeMulti Family

Price$389,900 ($151.59/SqFt)

StyleMulti Family

CityChicopee

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total2,572 SqFt

Approximate Lot Size (Acres)0.33 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1923

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor SpacePorch

Zoning2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 57- 59 Stearns Terrace, Chicopee MA 01013

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$22,800

Total Net Income By Broker$22,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 57- 59 Stearns Terrace, Chicopee MA 01013

Real Estate Taxes$4,533

Tax Year2025

Assessed Value$299,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$22,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$22,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.69%

Location Information for 57- 59 Stearns Terrace, Chicopee MA 01013

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Public Transportation

Contact Information for 57- 59 Stearns Terrace, Chicopee MA 01013

Agent

Name: Gary Arnold

MLS ID: M0000162

Office ID: M95310

National Association ID: 452500305

Address: 847 South West Street

City: Feeding Hills

State: MA

Zip: 01030

Office

Name: Keller Williams Realty

MLS Office ID: M95310

Phone: 413-542-8650

Team Members

Name: Linda Lewis

MLS ID: M0001442

Office ID: M95310

National Association ID: 452500377

Phone: 413-789-7588

City: Feeding Hills

State: MA

Payment Calculator

, Interest

Property Taxes 377.75

Principal & Interest 2402.44

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Gary Arnold

Agent Phone

Office Phone

(413) 542-8650

Text Agent Call Agent Call Office

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                    [modified] => 2025-07-12 07:13:24
                )

[18] => Array
                (
                    [id] => 126164874
                    [name] => MLS19.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73398037&w=1024&h=768&n=19
                    [index] => 19
                    [enabled] => 1
                    [created] => 2025-07-12 07:13:24
                    [modified] => 2025-07-12 07:13:24
                )

)

)

EXIT