89-95 School St

$1,299,000
Price
24
Beds
10,000 Sq. Ft.
$130 / Sq. Ft.
10,000
Sq. Ft.
$130
per Sq. Ft.

Description

10% Cap Rate! 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...10% Cap Rate! 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!
  1. Listed by The Madison Team • Lock and Key Realty Inc.
  2. Listed by Jessica Mekal • Lock and Key Realty Inc.

Property Details for 89-95 School Street

Town
Chicopee
Area
MA-Chicopee
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 10/11/2025 03:09 AM

Property Details for 89-95 School Street

StatusActive
MLS #73440475
Days on Market69
Taxes$11,039 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1935
CountyHampden County

Location

Listing Courtesy of Lock and Key Realty Inc., The Madison Team; Lock and Key Realty Inc., Jessica Mekal
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Building Information for 89-95 School Street

Stories4Residences11Year Built1935Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$7,339 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,419

Property Taxes

$920

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 89-95 School Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School
  • Living Area: 10000.0
  • SqFt with Basement: No
  • Total Units: 11
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Dirt Floor, Concrete Floor
  • Num of Baths: 11.0
  • Num of Full Baths: 11
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 11.00
  • Bathrooms Total Integer: 11
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Open Parking: Yes
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Buyer to verify info and due their own due diligence. Vacant unit photos are from August 2024,prior to tenant move in.
Tax Information
  • Assessments: $10,330,000
  • Book: 25439
  • Tax Year: 2024
  • Zoning: Mixed Use
Building / Association Information
Living Characteristics
  • Beds Total: 24
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Concrete Perimeter, Block, Other
  • Levels: 4
Income / Expenses
  • GOI: $18,600.00
  • NOI: $18,600.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 3
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $16,250.00

Property History for 89-95 School Street

DateEvent & SourcePriceAppreciation
Oct 7, 2025

Listed (Active)

MLS PIN #73440475

$1,299,000
Sep 24, 2025

Expired

MLS PIN #73396046

$1,299,000
Jul 24, 2025

Price Change

MLS PIN #73396046

$1,350,000
Jul 14, 2025

Price Change

MLS PIN #73396046

$1,425,000
Jun 24, 2025

Listed (Active)

MLS PIN #73396046

$1,449,000
Dec 30, 2005

Sold

MLS PIN #70102994

$495,000
Aug 15, 2005

Under Agreement

MLS PIN #70102994

Aug 15, 2005

Contingent

MLS PIN #70102994

Oct 10, 2004

Listed (Active)

MLS PIN #70102994

$519,000
Aug 27, 2004

Canceled

MLS PIN #70062261

$549,000
Jul 13, 2004

Listed (Active)

MLS PIN #70062261

$549,000
DateEvent & SourcePrice
10/07/2025

Listed (Active)

MLS PIN #73440475

$1,299,000
09/24/2025

Expired

MLS PIN #73396046

$1,299,000
07/24/2025

Price Change

MLS PIN #73396046

$1,350,000
07/14/2025

Price Change

MLS PIN #73396046

$1,425,000
06/24/2025

Listed (Active)

MLS PIN #73396046

$1,449,000
12/30/2005

Sold

MLS PIN #70102994

$495,000
08/15/2005

Under Agreement

MLS PIN #70102994

08/15/2005

Contingent

MLS PIN #70102994

10/10/2004

Listed (Active)

MLS PIN #70102994

$519,000
08/27/2004

Canceled

MLS PIN #70062261

$549,000
07/13/2004

Listed (Active)

MLS PIN #70062261

$549,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 89-95 School Street

This home is within Chicopee School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Bowe Elementary School
PublicK to 5

Fairview Middle School
Public6 to 8

Chicopee High School
Public9 to 12

Chicopee Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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89-95 School Street is a multi-family home for sale in Chicopee, MA 01013. This property was listed for sale on October 7, 2025 by Lock and Key Realty Inc., it's currently listed at $1,299,000. It has been on the market for a total of 69 days and was last sold on December 30, 2005. This listing's school district is Chicopee School District. Nearby schools include Bowe Elementary School, Fairview Middle School and Chicopee High School. 89-95 School Street is a 24-bed, 11-bath, 10,000 sqft multi-family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lock and Key Realty Inc., The Madison Team; Lock and Key Realty Inc., Jessica Mekal

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.