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INVESTMENT HIGHLIGHTS
- Access & Connectivity
- Fair Market Rents (FMR)
- Separately Metered Utilities
- Massachusetts Rental Voucher Program (MRVP) - Administered by Wayfinders
- Value-Add Potential
- Durable Construction & Recent Capital Imprvements
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment properties located at 157 Exchange Street, 78 Front Street, and 2 Dwight Street in Chicopee, MA (the “Properties” or the “Portfolio”). The multi-story buildings contain thirty-four total units comprised of nineteen (19) 2-Bedroom/1-Bathroom units, five (5) 3-Bedroom/1-Bathroom units, four (4) 4-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and two (2) Studio units with 30,780 square feet of gross living area and 46,848 square feet of gross area. The Portfolio is situated across a total of 1.01-acres and offers large units for tenants to enjoy. The Properties are strategically positioned within a well-connected corridor offering excellent visibility and accessibility. The location provides direct access to major routes including Interstate 391, which connects to both I-90 (Massachusetts Turnpike) and I-91, ensuring efficient regional connectivity to Springfield, Hartford, Worcester, and the Greater Boston area. The corridor is also served by local bus routes and is just minutes from downtown Chicopee and neighboring Holyoke, supporting convenient access to employment centers and regional amenities. Nearby retail, dining, and community destinations, such as the Chicopee Marketplace, downtown restaurants, and local parks, further enhance livability and tenant appeal.
PROPERTY FACTS
| Price | $6,351,436 CAD | Number of Properties | 3 |
| Price / SF | $148.11 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.29% | Total Building Size | 42,883 SF |
| Sale Type | Investment | Total Land Area | 1.02 AC |
| Status | Active |
| Price | $6,351,436 CAD |
| Price / SF | $148.11 CAD / SF |
| Cap Rate | 8.29% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 42,883 SF |
| Total Land Area | 1.02 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2-6 Dwight St, Chicopee, MA 01013 | Multifamily | 19,375 SF | 1890 | - |
| 78 Front St, Chicopee, MA 01013 | Multifamily | 13,218 SF | 1875 | - |
| 157-159 Exchange St, Chicopee, MA 01013 | Multifamily | 10,290 SF | 1900 | - |
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